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The Manila Electric Company (MERALCO), the Philippines’ largest distribution utility, said it is open to tapping electricity from nuclear power sources to address the perennial supply shortages that hit the county, particularly...
AC Energy (ACEN) recently announced that it is partnering with the South Pole Group, a leading project developer and global climate solutions provider that works with private organizations and governments worldwide. ACEN’s...
Citing “enough evidence,” Sen. Sherwin Gatchalian said that the Department of Energy’s (DOE) decision to approve the sale of Chevron 45% stake in the Malampaya gas project to Dennis Uy’s Udenna Corporation...
Basic Energy Corporation has announced the demise of its Chairman Oscar De Venecia, Sr. on Wednesday night at the age of 89. De Venecia was father of Basic Energy President and CEO...
Converge ICT Solutions of Pampanga-based businessman Dennis Anthony Uy will be getting its electricity supply from First Gen Corporation’s geothermal assets to power its main office in Pasig City. Under the two-year...
(UPDATED) After nearly two months of repairs, First Gen Corporation said that its 97-megawatt Avion power plant in Batangas City has resumed full commercial operations. In a disclosure to the Philippine Stock...
AC Energy (ACEN), the Ayala group’s energy platform, will be increasing its ownership in its wind farm projects in Ilocos Norte, while also taking over its joint ventures with UPC Renewables in...
AC Energy (ACEN), the power arm of the Ayala Group, is transitioning its generation portfolio to 100% renewable energy (RE) by relinquishing all thermal assets by 2025 through a “property-for-share-swap” scheme with...
AC Energy (ACEN) is acquiring the remaining 51.6% stake in its in joint venture with UPC Renewables in Australia, giving the Ayala-led firm its first wholly-owned development and operating platform outside of...
Synergy Grid and Development Philippines, the holding firm of the National Grid Corporation of the Philippines (NGCP), has lowered the offer price range for its follow-on-offering (FOO) to Php12-17 per share from...
