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Ayala Group’s AC Energy Holdings has taken over the company operating the 52-megawatt wind farm in Bangui, Ilocos Norte. AC Energy has gained an additional 17.79 percent stake in the NorthWind Power...
Marubeni Corp. of Japan is set to become the third partner in the 2×350-megawatt (MW) coal-fired power plant partnership of Semirara Mining and Power Corp. (SMPC) and Meralco PowerGen Corp. (MGen). SMPC...
A 42 percent increase in its nine-month income ending September 2016 was recorded by First Gen Corp. following higher earnings from its renewable energy assets and liquidated damages from the construction delay...
Pilipinas Shell Petroleum Corp. posted a 91 percent increase in net earnings during the nine-month period on the back of higher marketing margins, lower cost of sales and lower operating costs. In...
Hedcor Inc. has inked a power supply deal with the Bukidnon Second Electric Cooperative Inc. (BUSECO) that will take effect upon the completion of its 68.8 megawatt (MW) Manolo Fortich hydropower facility...
Off-grid energy company DMCI Power Corp. (DPC) will spend almost a billion pesos to build a 3×6.3 megawatt (MW) bunker-fired power plant in Puerto Princesa City to reduce power interruptions in Palawan’s...
The Energy Development Corporation (EDC) recorded a 7.01 billion consolidated net income nine months into 2016 supported by generated capacities and reduced expenses. EDC’s net profits rose 20 percent from the P5.87...
The country’s largest coal producer, Semirara Mining and Power Corp recorded a 54% increase in earnings in nine months ending September following higher coal production and sales and the new power generated...
Petron Corporation recorded a P 7.4 billion net income for three quarters in 2016 due to strong sales and improved efficiency in its refinery. The company’s net earnings for nine months grew...
A reduction in November electricity bills is expected for the customers of the Manila Electric Co (MERALCO) – 46 days before Christmas. Electricity rates this month went down by P0.0781 per kilowatt...
