Existing coal-fired power plants will be free to expand their facilities, according to the Department of Energy’s (DOE) coal moratorium policy. Aside from expansion projects, exemptions from the moratorium include committed power projects...
SN Aboitiz Power-Benguet, Inc. (SNAP-Benguet) said it has raised Php18billion in unsecured notes from BDO Unibank and Bank of the Philippine Islands (BPI) to refinance its loans and support the company’s other needs. The...
A subsidiary of the Manila Electric Company (MERALCO) is taking part in the government’s common tower program, which aims to accelerate the delivery of mobile communication services in the country. Meralco Industrial...
Auditing firm Roxas Cruz Tagle and Co. was tapped by the Energy Regulatory Commission (ERC) as its consultant for a planned audit of various refunds that the commission ordered the Manila Electric...
Aboitiz Renewables, Inc. (ARI), a wholly-owned subsidiary of Aboitiz Power Corporation, has acquired full ownership of La Filipina Electrika, Inc. (LFEI) from La Filipina Uy Gongco Corporation (LFUGC) and Therma Power, Inc....
Petron Corporation’s refinery in Limay, Bataan may have been given a shot in the arm with the announcement of its inclusion in the Freeport Area of Bataan (FAB) on Friday (January 8),...
The Manila Electric Company (MERALCO) has announced that it will be having a “slight upward adjustment” of power rates in its customers’ electric bills for January. MERALCO said that the overall rate...
AC Energy, the Ayala group’s power arm, has moved its stock rights offer (SRO) period two weeks earlier than previously scheduled, based on the company’s disclosure to the Philippine Stock Exchange. Under...
Customers of the Manila Electric Company (MERALCO) should anticipate an increase in their January bills. The power giant pointed to lower demand in the Luzon Grid for December as the reason for...
The National Grid Corporation of the Philippines (NGCP) is planning an initial public offering (IPO) worth up to $1 billion (around Php48 billion) more than seven years after its franchise law was...
