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)...
As part of its push for renewable energy (RE), Lopez-led Energy Development Corporation (EDC) has launched its first green bond framework. The RE firm said the framework was developed in accordance to...
Semirara Mining and Power Corporation (SMPC) posted a 66% decline in its net income after tax to Php3.3 billion in 2020 from Php9.6 billion in 2019. Based on a report from the...
Aboitiz Power Corporation, through subsidiary Therma Marine, Inc. (TMI), has recently begun installing its first battery energy storage system (BESS) aimed at supporting the Mindanao Grid. Once completed, the 49-megawatt TMI BESS...
Consunji-led Semirara Mining and Power Corporation (SMPC) has announced the resignation of its President and COO Maria Cristina Gotianun as the firm’s concurrent chief risk officer. In a disclosure to the Philippine...
Metro Pacific Investments Corporation (MPIC) and a German biogas technology firm said they are set to build the first industrial biogas plants using wastes from pineapples and other fruits to generate clean...
The House Committee on Energy has approved a bill that intends to set the regulatory framework for shipment and distribution of imported natural gas Based on a report by BusinessWorld, the committee...
Lower incomes and operating expenses of the Manila Electric Company (MERALCO) and Global Business Power Corporation (GBP) due to the COVID-19 pandemic were major factors in Metro Pacific Investment Corporation’s (MPIC) 34%...
Aboitiz Power Corporation was tapped to supply renewable energy (RE) for Wells Fargo International Solutions LLC-Philippines to meet its electricity requirements in the country. Wells Fargo Philippines recently announced that it has...
