Lopez-led First Gen Corporation recorded a recurring net income of Php3 billion ($59 million) in the first quarter of 2022, a 25.1% decline from the Php3.8 billion ($78 million) posted in the...
Ayala-led ACEN announced that it has partnered with Jakarta-based Puri Usaha Group to develop large-scale solar power plants, battery energy storage systems, and green hydrogen projects in Indonesia. The joint venture (JV),...
The Manila Electric Company (MERALCO) has begun negotiations with Terra Solar Philippines for the supply of 850 megawatts (MW) of renewable energy (RE) supply after the second round of the competitive selection...
The government will be turning over the 1,200-megawatt Ilijan natural gas power plant in Batangas City to San Miguel Corporation’s (SMC) power arm SMC Global Power Holdings (SMCGP), the Department of Energy...
The country’s power situation is now on the line as reports of Udenna Corporation’s plans of selling its controlling stakes in the Malampaya gas-to-power projects have surfaced, Senator Sherwin Gatchalian said. “With...
Two of the six liquefied natural gas (LNG) projects may soon reach completion and operations, the Department of Energy (DOE) said. In a media briefing on Friday, DOE Oil Industry Management Bureau...
Hurdles involving resistance from landowners and issuance of permits from several local government units have further pushed the launch of the Mindanao-Visayas Interconnection Project (MVIP) to October this year. “It is delayed....
Pilipinas Shell Petroleum Corporation (PSPC) has announced plans to build another import terminal, this time in the Visayas. This would be the company’s fifth import terminal in the country and is eyed...
Ayala-led ACEN said it posted a consolidated net income of Php405 million for the first quarter of 2022, 68% lower than the Php1.27 billion recorded in the same period last year. The...
The passage of Republic Act 11697 or the Electric Vehicle Industry Development Act (EVIDA) puts the Philippines in a good position for high-technology investments, the Department of Trade and Industry (DTI) said. ...
