The Manila Electric Company (MERALCO) reported a 10.7% drop in its consolidated core net income to Php5.72 billion in the first quarter of 2021 from Php5.11 billion in the same period in...
Aboitiz Power Corporation has denied being involved in “economic sabotage” in the wake of the Department of Energy’s warning to generating companies on the possible filing of charges over prolonged power plant...
First Gen Corporation has been chosen by Megaworld Corporation to supply 6.17 megawatts (MW) of geothermal energy to its four buildings in Bonifacio Global City (BGC), Taguig City. Under the two-year deal,...
Aboitiz Power Corporation is ramping up efforts to improve the performance of its existing renewable energy (RE) facilities across the country, especially as it pursues a greater share of RE in its capacity...
(UPDATED) The Department of Energy (DOE) has approved the Notice to Proceed (NTP) application of Vires Energy Corporation (VEC) to develop its proposed integrated natural gas-fired power plant and liquefied natural gas...
Anti-competitive and even “economic sabotage” charges possibly await generating companies (gencos) whose power plants have had prolonged outages, especially during the peak demand period, according to the Department of Energy (DOE). During...
Aboitiz Power Corporation (AboitizPower) has once again tapped the power of data science and artificial intelligence (DSAI) in the use of its new energy trading platform for its power plants. The platform,...
The Securities and Exchange Commission (SEC) has “favorably considered” AC Energy’s (ACEN) follow-on offering (FOO). ACEN aims to raise as much as Php16.48 billion, as it will be offering a total of...
The Department of Energy (DOE) is on the watch for a possible yellow alert for Luzon until June due to the usual high electricity demand for summer and the simultaneous shutdown of...
San Miguel Corporation (SMC), through its power arm SMC Global Power Holdings Corporation, said it is in the advanced stages of completion of its’ 31 new battery energy storage system (BESS) facilities...
