AC Energy (ACEN) subsidiary Bulacan Power Generation Corporation has acquired 23,284,346 shares of its parent firm via its recently-concluded stock rights offering (SRO) at Php2.37/share for a total purchase amount of Php55.2...
Sen. Shewin Gatchalian has filed a bill seeking to refocus the Philippine National Oil Company’s (PNOC) investment mandate into oil and gas exploration ventures, as well as to level up itself with...
The Department of Energy (DOE) aims to increase the biodiesel blend in petroleum products to 5.0-percent by volume, citing sufficiency of supply. Energy Asec. Leonido Pulido III made this pronouncement during the...
After numerous appeals and moves over the no-disconnection policy for lifeline electricity consumers amid the COVID-19 pandemic, President Rodrigo Duterte has approved the Department of Energy’s (DOE) recommendation for its extension, as...
AC Energy (ACEN) has announced that it has sealed a joint venture with renewable energy (RE) firm Citicore Power for the building of a solar power plant in Pampanga. In a disclosure...
Hedcor, the run-of-river hydro arm of Aboitiz Power Corporation, has reported that it recorded an Annual Generation of 956,514,413 kWh (kilowatt hours), or 956 GWh (Gigawatt hours), in 2020. With this, the...
Prime Metroline Infrastructure Holdings Corporation (Prime Infra) of tycoon Enrique Razon has tied up with two American firms to put up a bio-refinery plant that can produce cleaner aviation fuel. Prime Infra...
(UPDATED) Ayala-led AC Energy aims to raise as much as Php16.4 billion through its follow-on offering (FOO), which it plans to hold by the middle of the year. In a disclosure to...
Lopez-led Energy Development Corporation (EDC) has tapped two companies under the Mitsubishi Group to install equipment for the Bacon-Manito (BacMan) Geothermal Power Plant’s expansion. In a statement, Mistubushi Heavy Industries said that...
The Association of Philippine Electric Cooperatives (APEC), a partylist group in the House of Representatives, said on Wednesday that suspending the no-disconnection policy indefinitely could actually do more harm than good. “Eventually,...
