Power and infrastructure projects comprised over 50 percent of investments to the Board of Investments (BoI) in the first seven months of the year, with P108.06 billion of the total P210.37 billion recorded. Last year’s...
Three local companies are eyeing the geothermal assets of Chevron in the country, after the American energy company was seen unloading its geothermal units in the Philippines and Indonesia. The Ayala Corporation,...
Metro Pacific Investments Corp. is revisiting their planned venture of tapping into renewable energy sources through a waste-to-energy facility in Payatas, Quezon City. The company is set to submit an unsolicited waste-to-energy project to...
GN Power Dinginin Ltd. Co. (GNPD) recorded almost a P5 billion drawdown from its credit line in financing its 2 x 668-megawatt (MW) coal-fired plant construction in Bataan. The disclosure was reported by...
Phoenix Petroleum Philippines, Inc. (PNX) recently announced they will put on sale their shipping and industrial park businesses after receiving approval from its Board of Directors (BOD). Wholly-owned subsidiaries Chelsea Shipping Corp....
The scheduled initial public offering (IPO) of Pilipinas Shell Petroleum Corp. on November 10 may happen earlier than expected depending on its market conditions, the company’s underwriter said. “We’re fine tuning the...
The Panay Energy Development Corp. (PEDC) is looking to operate its P15.6 billion Iloilo coal plant expansion this month following its successful synchronization to the Visayas Grid. PEDC has connected the PEDC3 150-megawatt (MW)...
FDC Utilities Inc. (FDCUI) subsidiary FDC Misamis Power Corp. has completed its 3×135-megawatt (MW) coal-fired power plants and is set to provide supply to the Mindanao grid. “To date, FDC Misamis has...
The Manila Electric Co. (MERALCO)’s liquefied natural gas entry in the power sector and its project in partnership with Osaka Gas Co. could be moved back to as far as 2020 while waiting...
Electric vehicle maker Tesla Motors Inc. is exploring the possibility of investing in the Philippines’ batter storage space, a Manila Electric Company (Meralco) official said. Meralco Senior Vice President Alfredo Panlilio told...
