Ayala-led AC Energy and Fort Pilar Energy, Inc. are the last of the five original bidders remaining for the third round of negotiated sale process for the 650-megawatt (MW) Malaya Thermal Power
PXP Energy Corporation has cut its core net loss by 66.9% to Php5.6 million in the first quarter of the year from Php16.9 million in the same period last year. In a
The Department of Energy (DOE) endorsed 16 new power projects to the National Grid Corporation of the Philippines (NGCP) for system impact study in the first quarter. The Mariveles natural gas plant
Aboitiz Power Corporation is considering the use of data science and artificial intelligence (DSAI) to improve the operations of its power plants, including the 1,336-megawatt (MW) GNPower Dinginin coal-fired power plant in
The Manila Electric Company (MERALCO) said that its customers continue to enjoy lower power rates in the first three months of the year, as average retail rates dropped by Php0.29 per kilowatt-hour
The Manila Electric Company (MERALCO) is requesting the Department of Energy (DOE) to approve its “emergency procurement” wherein it would acquire up to 260 megawatts (MW) to augment power supply during the
Two decades after the government let go of generating power, it’s considering a return in order to boost power reserves in the wake of thin supply, especially during the peak months. In
Aboitiz Power Corporation and MERALCO PowerGen Corporation (MGen) said that they are dropping coal from their power project under Redondo Peninsula Energy, Inc. (RP Energy) in Subic, Zambales. Instead, RP Energy —
The Manila Electric Company (MERALCO) has further extended its no-disconnection policy until May 14 in light of the continued implementation of the modified enhanced community quarantine (MECQ) in the NCR-plus bubble, which
AC Energy (ACEN) has set its follow-on offering (FOO) price at Php6.50/share, it announced in a disclosure to the Philippine Stock Exchange (PSE). The FOO, slated for Monday (May 3) is “subject
