Basic Energy Corporation has announced the demise of its Chairman Oscar De Venecia, Sr. on Wednesday night at the age of 89. De Venecia was father of Basic Energy President and CEO...
Converge ICT Solutions of Pampanga-based businessman Dennis Anthony Uy will be getting its electricity supply from First Gen Corporation’s geothermal assets to power its main office in Pasig City. Under the two-year...
(UPDATED) After nearly two months of repairs, First Gen Corporation said that its 97-megawatt Avion power plant in Batangas City has resumed full commercial operations. In a disclosure to the Philippine Stock...
In a move to halt skyrocketing oil prices, Energy Sec. Alfonso Cusi appealed to lawmakers to authorize his department to suspend the excise tax on fuel, which aims to lower current pump...
AC Energy (ACEN), the Ayala group’s energy platform, will be increasing its ownership in its wind farm projects in Ilocos Norte, while also taking over its joint ventures with UPC Renewables in...
The Luzon Grid was placed on Yellow Alert on midday Wednesday, as several power plants went on forced outage, according to the National Grid Corporation of the Philippines. Net operating margin from...
AC Energy (ACEN), the power arm of the Ayala Group, is transitioning its generation portfolio to 100% renewable energy (RE) by relinquishing all thermal assets by 2025 through a “property-for-share-swap” scheme with...
A total investment of Php5.76 trillion is needed for the expansion of the country’s power supply to meet the country’s energy requirements until 2040, according to the Department of Energy (DOE) Based...
The Department of Energy (DOE) has asked Congress to amend Republic Act 8479, better known as the Oil Deregulation Law, in the wake of rising fuel prices. In his letter to House...
AC Energy (ACEN) is acquiring the remaining 51.6% stake in its in joint venture with UPC Renewables in Australia, giving the Ayala-led firm its first wholly-owned development and operating platform outside of...
