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The Manila Electric Company (MERALCO) recorded a 47% increase in its consolidated net income in the first half of the year, the company announced. During the period, MERALCO achieved a record high...
The Department of Energy (DOE) is willing to adjust the policy framework for the investments and deployment of the country’s energy storage systems. In a report by the Manila Bulletin, Energy Secretary...
Aboitiz Power Corporation recorded Php 17.8 billion in net income for the first half of 2023, following fresh contributions from GNPower Dinginin Ltd. Co. (GNPD) and higher availability in its portfolio. In...
Prime Energy Resources Development B.V. exceeded its target gas output for the second quarter in the Malampaya gas field. The Prime Infrastructure Capital Inc. subsidiary said that it recorded 280 million standard...
Ayala-led ACEN Corporation will be investing PHP 1.44 billion into five of its subsidiaries to fund their development projects, company president and CEO Eric Francia said. Francia said in a stock exchange...
Energy Secretary Raphael P. M. Lotilla said that the Maharlika Investment Fund (MIF) can be used to fund transmission projects as investors of renewable energy (RE) faced challenges connecting their projects to...
Basic Energy Corporation (BEC) has expanded its project pipeline by securing the approval of the Department of Energy (DOE) for the Wind Energy Service Contract (WESC) of the Balayan Nearshore Wind Power...
Aboitiz Power Corp. has sealed a power supply agreement (PSA) in partnership with Nexif Ratch Investments Pte. Ltd. (Nexif Ratch) as a response to the demands of customers who might want to...
SM Prime Holdings, Inc. (SM Prime) and Citicore Renewable Energy Corporation (CREC) entered into a Memorandum of Agreement (MOA) to promote Renewable Energy (RE). This agreement will take effect in 2024, aligning...
The Court of Appeals (CA) has nullified the Energy Regulatory Commission’s (ERC) decision to deny the rate hike filed by the San Miguel Corporation (SMC) units and the Manila Electric Co. (MERALCO). ...
