A 13 percent drop in its first-quarter income to P4.4 billion was recorded by the Aboitiz Power Corp. following foreign exchange (forex) losses. The company recognized non-recurring losses of P577 million on...
The Global Business Power Corp. (GBPC) is looking to expand in the Luzon and Mindanao regions through investing in traditional power projects and entering the renewable energy sector to double its capacity...
The Energy Regulatory Commission (ERC) is urged to execute a periodic review of the system loss program to encourage efficiency among the power distributors. “The ERC should have a regular mechanism that...
In picture: Citicore Power unveils first solar farm in Luzon and the second in the country. ©1Bataan Citicore Power Inc. is venturing into retail electricity market following the Philippines’ participation in the...
PetroEnergy Resources Corp. (PERC) has recently partnered with Thai powerhouse BCPG Public Company Ltd. for its upcoming 36-megawatt (MW) Nabas-1 Wind Power Project, making the collaborative enterprise the first acquisition in the...
Pilipinas Shell Petroleum Corp. will allot P4 Billion yearly for the next three years for their retail network expansion, bitumen project and refinery optimization. This as Shell leverages on its other strengths...
ABOITIZ POWER CORP. eyes the installation of three new energy plants under its belt prior to its power distribution target of approximately 800 megawatts (MW) by 2020 in the retail energy business,...
First Gen Corp. saw an 11% plunge in earnings for the first quarter 2017, yielding only $45 million versus $51 million recorded quarter-on-quarter. The company defends the soft numbers in a company...
The National Grid Corp. of the Philippines (NGCP) is set to place a permanent tower in replacement of Tower 34 that fell in Alabang by the end of May to assure continued...
Senator Sherwin Gatchalian has warned the Energy Regulatory Commission (ERC) that the Philippines will never get serious renewable energy investors due to the P6.6 billion the government owes renewable energy players under...
