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Alternergy Holdings Corp. has set Php 20 billion in capital expenditures for the next three to five years to build up to 350 megawatts (MW) of green projects. In a report by...
Ayala-led ACEN Corporation has signed a partnership with US-based renewables company, BrightNight, in developing, constructing, and operating over 1.2 gigawatts worth of hybrid renewable energy projects in India. In a statement, ACEN...
Consumers are being asked to manage their electricity consumption as power prices may rise in the summer months due to the surge in demand, Energy Secretary Raphael Lotilla said. In a report...
Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of...
The Manila Electric Co. (MERALCO) will be implementing a staggered increase in its generation charges in the next two months to cushion its impact on consumers. MERALCO said that its total rates...
Updated (March 7) – Customers within the Manila Electric Co. (MERALCO) franchise area can expect an increase in the March billing following forecasts of higher generation charges due to the Malampaya maintenance...
The proposed “fuel swap arrangement” aimed to bring back the 1,200 megawatt (MW) Ilijan power plant to operations cannot be concluded as there was no definitive gas supply from Prime Energy, the...
GNPower Dinginin Ltd. Co. (GNPD) is currently negotiating its third emergency power supply agreement with the Manila Electric Co. (MERALCO), following the expiration of the second contract in February. GNPD president and...
Vivant Corporation, through its subsidiary Vivant Energy Corporation, has acquired the 22-megawatt-peak (MWp) solar farm project in San Ildefonso, Bulacan for $15.5 million. In a disclosure to the Philippine Stock Exchange, Vivant...
Pilipinas Shell Petroleum Corp. (SHLPH) has secured a Php 9 billion loan from the Bank of the Philippine Islands (BPI) and Metrobank. “The loan will reduce SHLPH’s exposure to short-term volatilities in...
