Singapore-based fund GIC Private Limited is set to acquire 17.5% in AC Energy, the Ayala’s power firm said in a disclosure to the Philippine Stock Exchange on Thursday. The Php20 billion transaction,...
The Manila Electric Company (MERALCO) said that it may take several days before power in its entire franchise area is fully restored following the onslaught of Typhoon Ulysses over Luzon on Thursday....
After announcing a rate cut for November, the Manila Electric Company (MERALCO) is watching for a possible hike in power rates in December due to the Malampaya gas platform’s maintenance shutdown from...
A total of 38 transmission lines serving 23 electric cooperatives across 17 provinces in the Luzon Grid have been affected by the onslaught of Typhoon Ulysses, based on the National Grid Corporation...
Senators have raised eyebrows over Chevron’s sale of its 45% stake in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate Dennis Uy. Sen. Sherwin Gatchalian, chairman of the Senate Committee...
Consunji-owned Semirara Mining and Power Corporation (SMPC) said in a disclosure to the Philippine Stock Exchange on Tuesday that it has terminated its four-year joint venture agreement (JVA) with the Meralco Powergen...
First Gen Corporation, the Lopez Group‘s power generation company, suffered a 12% decline in its net income in the first three quarters of 2020 at Php9.6 billion from Php11.3 billion in the...
As Luzon awaits the landfall of Typhoon Ulysses, the National Electrification Administration (NEA) has pegged the damage to electric cooperatives brought by Super Typhoon Rolly at Php369.8 million as of November 9....
Despite hitting setbacks due to the COVID-19 pandemic, Aboitiz Power Corporation will still push through with its expansion ventures in Southeast Asia, particularly Vietnam, Indonesia, and Myanmar. The projects, though, will be...
The liquefied natural gas (LNG) venture of tycoon Lucio Tan seeks to cater to the electricity needs of the Manila Electric Company (MERALCO), the country’s largest power distributor. Batangas Clean Energy, Inc.,...
