Japan-based global engineering firm JGC Corp. and its local subsidiary JGC Philippines Inc. has been awarded the $280-million contract to construct the second phase of Alsons Power Group’s coal-fired power plant in
Publicly-listed Phoenix Petroleum Philippines, Inc. (PNX.PS) said yesterday that its net income grew by 33 percent in the first half of the year from the same period last year, on the back
MRC Allied Inc. has increased its authorized capital stock to P5 billion on the back of its venture into renewable energy (RE) projects. The board also said in a disclosure that it
Basic Energy Corp. said that its project with Trans-Asia Oil and Energy Development Corp. will meet its September deadline to finish the drilling of the Mabini geothermal power project in Batangas. In
Trans-Asia Oil and Energy Development Corp is pursuing a regulatory approval from the Energy Regulatory Commission (ERC) for the sale of electricity to the Guimaras Electric Cooperative (Guimelco). A joint application was
The Aboitiz Power Corp.’s first-semester net income rose by 24 percent, following higher electricity sales from new power plants and the capacity extension of their existing plants. Aboitiz recorded a 24% rise on
Pryce Corporation reported a 45.85 percent increase in its profit for the first half of 2016, up to P433.28 million from P297.08 million in the comparable period last year, attributed to its
Pilipinas Shell Petroleum Corp. (PSPC) is aiming to raise as much as P29.7 billion through its initial public offering (IPO), which could be one of the country’s biggest stock market listings. In
Power distributor Manila Electric Co. (Meralco) on Monday said its income fell during the first half of 2016 due to a one-off cost recovery last year and lower distribution rates this year.
The Department of Energy (DOE) on Monday said the arbitration case filed by Shell Philippines Exploration B.V (SPEx) is an opportunity for the national government to “come up with definitive and clear-cut
