Lopez-led Energy Development Corporation’s (EDC) net income for the first quarter of the year dipped by 19% to Php2.63 billion versus the Php3.26 billion recorded in the same period in 2021. “The...
Security Bank said it will stop funding new coal projects by 2033 in support of the government’s commitments to reduce greenhouse gas emissions. The country’s seventh largest bank said that it will...
SMC Global Power Holdings Corporation recorded a 75% drop in its net income to Php1.93 billion in the first quarter of 2022 from Php7.78 billion in the same period last year, based...
SPC Power Corporation and its affiliate Intrepid Holdings Inc. (IHI) will no longer acquire German firm Steag GmBH’s 51% stake in STEAG State Power Inc – the operator of the 210-megawatt (MW)...
(UPDATED) The Energy Task Force Election (ETFE) led by the Department of Energy (DOE) has assured that there is enough power supply for the 2022 national and local elections this Monday despite...
An energy advocacy coalition has challenged the incoming administration to establish mechanisms to help accelerate the country’s energy transition and to commit to “ambitious climate goals.” This comes as Withdraw from Coal...
The Energy Regulatory Commission (ERC) has ordered the Manila Electric Company (MERALCO) to refund a total of Php7.76 billion to its residential customers beginning this month. The order – issued on March...
With the 2022 national elections fast approaching, the National Grid Corporation of the Philippines (NGCP) is keeping a close watch on the power supply situation in the country, as it remains wary...
Petron Corporation recorded a net income of Php3.6 billion in the first quarter of 2022, more than double its Php1.73 billion net income in the same period last year. The company’s consolidated...
SMC Global Power Holdings, the power arm of San Miguel Corporation (SMC), has secured clearance from its Board of Directors to raise up to Php60 billion worth of bonds. In a disclosure...
