Petron Corporation’s bottom line indeed took a blow from the COVID-19 pandemic, as it suffered a drastic net loss of Php11.4 billion in 2020, a reverse from its net income of Php2.3...
The Manila Electric Company (MERALCO) will once again roll back its power rates for the second month in a row this March due to lower generation charges and the recent refund ordered...
The past year may have been tough for many businesses, including those in the energy sector, but things appeared to be a lot different for AC Energy (ACEN), in a positive way....
Ayala-led AC Energy (ACEN) is investing Php2.2 billion for its 40-megawatt (MW) battery energy storage system (BESS) project in Alaminos, Laguna. In a disclosure to the Philippine Stock Exchange on Monday, ACEN...
Atlantic Gulf & Pacific (AG&P) has announced that the Department of Energy (DOE) has issued it a notice to proceed (NTP) for the development of its proposed liquefied natural gas (LNG) import...
Aboitiz Power Corporation, the country’s largest power generator, registered a net income of Php12.6 billion in 2020, 27% lower than the Php17.3 billion recorded in 2019. Based on its disclosure to the...
Ayala-led AC Energy is one of five companies looking to purchase the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) via a negotiated sale. The government, through the Power Sector Assets and Liabilities...
SN Aboitiz Power Group (SNAP), the joint venture company of Aboitiz Power Corporation and SN Power of Norway, will push through with its planned pilot battery energy storage system (BESS) in the...
AC Energy (ACEN) has begun the process of divesting from the 540-megawatt GNPower Kauswagan (GNPK) coal-fired power plant in Lanao Del Norte. In a disclosure to the Philippine Stock Exchange by ACEN’s...
Following the recent announcement of business tycoon Manny V. Pangilinan, San Miguel Corporation’s (SMC) Ramon Ang said that his conglomerate has also made a formal offer to Shell Philippines Exploration B.V. (SPEX)...
