Solar Phillippines Nueva Ecija Corp. (SPNEC) announced a price adjustment in its stock rights offering (SRO) price range to Php 1.50 to Php 1.75 per share following “interest in the success” of...
State-owned Power Sector Assets & Liabilities Management Corporation (PSALM) said that San Miguel Corporation unit South Premiere Power Corporation (SPPC) has overdue payables worth Php 34.04 billion as of June 30. PSALM...
The Center for Ecology, Energy, and Development (CEED) has called on the Marcos Administration to kickstart the rehabilitation of Mindanao’s hydropower plants to help “reduce the island’s dependence on coal-fired power plants.” ...
The executive committee of Ayala-led ACEN has approved the offer and issuance of up to Php 10 billion in fixed-rate green bonds with a five-year tenor. “Since our debt levels remain very...
The Nepomuceno-led Raslag Corp. is expected to generate Php 214.5 million once its 18.011 megawatt-peak (MWp) Raslag-3 solar power plant in Pampanga becomes fully operational. In a disclosure to the Philippine Stock...
11 days after taking the highest position in the country, President Ferdinand “Bongbong” Marcos Jr. has named Raphael Perpetuo Lotilla as the new Department of Energy (DOE) chief, Press Secretary Trixi Cruz-Angeles...
The Manila Electric Co. (MERALCO) announced a Php 0.7067 per kilowatt-hour (kwh) decrease in its power rates for the month of July, pulling down the overall rates to Php 9.7545 per kwh. ...
As it nears depletion, the Malampaya gas field was only able to produce 79.054 billion cubic feet (bcf) of natural gas in 2021, a huge decline from the 141.732 bcf recorded in...
Eight new renewable energy projects were endorsed by the Department of Energy (DOE) to the National Grid Corporation of the Philippines (NGCP) to conduct a system impact study (SIS) in June. The...
Pilipinas Shell Petroleum Corp. launched its first electric vehicle (EV) charging station as part of the oil company’s goal toward a lower carbon footprint. Called the Shell Recharge, the EV charging station...
