The Philippine Dealing and Exchange Corporation (PDEx) has approved the listing of Aboitiz Power Corporation’s Series “A” bonds worth Php8 billion, including oversubscription. In its disclosure to the Philippine Stock Exchange, AboitizPower...
(UPDATED) Aboitiz Power Corporation has allotted Php23 billion for capital expenditures (capex) this year mainly for the completion of the GNPower Dinginin (GNPD) coal power plant project and the installation of various battery...
The House of Representatives is looking to pass a measure that seeks to phase out old liquefied petroleum gas (LPG) cylinders. The lower chamber’s energy and trade and industry committees have approved...
AC Energy (ACEN) has invested Php350 million by signing a subscription agreement with subsidiary ACE Endevor, Inc. In a disclosure to the Philippine Stock Exchange, ACEN said that it bought 3.5 million...
Consunji-led Semirara Mining and Power Corporation (SMPC) is budgeting around Php4 billion for its capital expenditure (capex) program this year. SMPC said Php2.9 billion of the total budget will be used to...
AC Energy, together with its partner UPC Solar Asia Pacific, has secured funding for its 100-megawatt Sitara Solar Farm project in northwestern India. Located in Rajasthan, a desert state with the highest...
First Gen Corporation announced it will allocate up to 690 megawatts (MW) of geothermal power for the Department of Energy’s (DOE) green energy option program (GEOP). In a report by BusinessWorld, First...
Lopez-led Energy Development Corporation (EDC) posted a 6.6% drop in earnings to Php11.5 billion in 2020 due to lower generation and spot market prices. In a report by The Philippine Star, EDC...
SMC Global Power Holdings (SMCGPH), the power generation arm of San Miguel Corporation (SMC), posted a 31% increase in its net income for 2020 despite having lower sales amid the lockdowns resulting...
After extending its no-disconnection policy for over ten months, the Manila Electric Company (MERALCO) announced it will start issuing disconnection notices to customers in the low-income group whose bills are unpaid and...
