AC Energy (ACEN) will be temporarily slowing down on its renewable energy (RE) venture in Myanmar, amid the worsening situation in the country. In a Manila Bulletin report, AC Energy President and...
Dennis Uy’s Udenna Corporation now controls the consortium running the Malampaya gas field in Palawan with 90% ownership after it purchased Shell Philippines Exploration B.V. (SPEX). Udenna subsidiary Malampaya Energy XP Pte....
The remaining 858,834 million standard cubic feet of estimated reserves in the Malampaya gas field in Palawan will completely run out by the first quarter of 2027, according to Sen. Sherwin Gatchalian,...
Aboitiz Power Corporation has begun developing its 74-megawatt Cayanga-Bugallon solar power project in Pangasinan, its first venture for the year, after securing board approval. AboitizPower President and CEO Emmanuel Rubio said the...
The National Grid Corporation of the Philippines (NGCP) said it has “started complying” with its initial public offering (IPO) requirement and is “on track” to completing the process. This comes following the...
Aboitiz Power Corporation signed a three-year long-term service agreement (LTSA) with Mitsubishi Power to enhance the boiler reliability of its Therma South, Inc. (TSI) coal power plant in Davao City and support...
The Energy Regulatory Commission (ERC) has ordered the National Grid Corporation of the Philippines (NGCP) to immediately complete the listing process for its initial public offering (IPO) within six months. NGCP previously...
AC Energy has announced that it will begin construction of the 160-megawatt (MW) Balaoi & Caunayan wind farm in Pagudpud, Ilocos Norte — the Philippines’ biggest wind energy project to date. Once...
In what appears to be a turnaround from its original stance, Petron has decided to permanently resume operations of its 180,000 barrels-per-day refinery in Limay, Bataan. At the oil giant’s annual stockholders...
Lopez-led Energy Development Corp. (EDC) said it recorded a Php9.85 billion in recurring net income attributable to equity holders of the parent in 2020 despite a significant reduction in electricity demand due...
