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Ayala-led AC Energy issued US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bonds worth $300 million (Php14.3 billion) last November 27. The company said it would use the bonds’ net proceeds to fund...
AC Energy may be putting up diesel power plants in Luzon with a combined capacity of 550 megawatts (MW) worth around Php27 billion. Based on documents submitted to the Department of Environment...
Pilipinas Shell Petroleum Corporation has unveiled a new import facility in Subic, which aims to strengthen its supply chain in Northern and Central Luzon. The facility, which can hold up to 54...
The Philippines remains largely dependent on coal for its electricity requirements, with fossil fuels powering half of the country’s output even during the COVID-19 pandemic, based on data from the Wholesale Electricity...
Chevron Philippines, Inc. (CPI), marketer of Caltex in the country, has named Billy Liu as its new country chairman succeeding Louie Zhang who retired recently after over three decades of service to...
The operator of the Wholesale Electricity Spot Market (WESM) is currently doing research to develop detailed proposals for lower threshold implementation of the Retail Competition and Open Access (RCOA). The Independent Electricity...
The operations of the Wholesale Electricity Spot Market (WESM) in the Mindanao Grid will be delayed to the middle of next year, according to the Independent Electricity Market Operator of the Philippines...
Solar Philippines has named American power industry veteran Marty Crotty, who has family ties in the Philippines, as its new chief executive officer. Prior to his appointment, Crotty served as president of...
Ayala exploration arm ACE Enexor Inc. is in search of a deep-pocketed and technically experienced partner for its planned exploration venture off the northwestern coast of Palawan, according to its chairman Eric...
The number of power generation companies interested in joining the Manila Electric Company’s (MERALCO) competitive auction for its 1,800-megawatt (MW) power requirements has doubled to 18 from nine as of late October....
