Alsons Consolidated Resources Inc. has cleared the issuance of P2.5 billion in the issuance of short term commercial papers (STCPs) to fund their operations and bankroll projects in Mindanao. Alsons said proceeds...
First Gen Corp. is looking to close its engineering, procurement, and construction (EPC) tender and partner selection process for the $1 billion liquefied natural gas (LNG) terminal in 2017 for constructions to...
The Energy Development Corp. (EDC) has signed two-year power supply deals that will provide 53 megawatts of electricity supply to North Luzon power cooperatives. The company signed a power supply agreement (PSA)...
Following a Supreme Court decision, the Aboitiz Power Group has been awarded the 25-year contract for the rehabilitation of the 153.1-megawatt (MW) Naga Power Plant Complex (NPPC) in Cebu. In a disclosure,...
The construction of Redondo Peninsula Energy Inc.’s 600 megawatt coal-fired power plant in Subic, Zambales is set to begin in January 2017, an official said on Wednesday. “I think we break ground...
The Manila Electric Co. (MERALCO) is set to enter the hydropower sector after inking a partnership with Blue Energy Holdings and Management Corp. In a disclosure, Meralco said it signed a joint...
The Consunji-led Semirara Mining and Power Corp. has fully exhausted the mineable reserves of its Panian Pit in Semirara, Antique. However, the company assured there will be no interruptions in their coal...
Oil companies implemented price hikes on Tuesday following the recent Organization of Petroleum Exporting Countries (OPEC) deal, and higher US crude demand in the international market. The Department of Energy said that the...
AboitizPower unit SN Aboitiz Power-Magat Inc. (SNAP-Magat) has inked a partnership with the Bank of the Philippine Islands (BPI) and China Banking Corp. (China Bank) to raise P19-billion fixed rate corporate notes....
The country’s first pico hydro power generation system was put up by the Southern Leyte Electric Cooperative (SOLECO), the National Electrification Administration (NEA) said. The pico hydro system, which began operation on August...
