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..
Business
Articles
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..
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..
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..
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..
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..
Petron Corporation has appointed John Paul Ang, the eldest son of its President and CEO Ramon Ang, as a member of its board of directors..
Singaporean sovereign fund GIC Private Ltd. will begin the initial phase of its investment in AC Energy (ACEN) through an Php11.9-billion private placement slated for..
Cebu-based Vivant Corporation, through subsidiary Vivant Renewable Energy Corporation (VREC), is investing up to Php364 million in Buskowitz Finance, Inc. (BFI). BFI is a solar..
Petron Corporation’s bottom line indeed took a blow from the COVID-19 pandemic, as it suffered a drastic net loss of Php11.4 billion in 2020, a..
