First Gen Corporation has been tapped by the Araneta Group to supply renewable energy (RE) to the iconic Ali Mall in Cubao, Quezon City. The Lopez-led firm, through subsidiary Bacman Geothermal, Inc....
The Asian Development Bank (ADB) said it will stop financing new coal power plants in the region under a proposed energy policy released last Friday (May 7). The ADB, which gives loans...
Aboitiz Power Corporation said it sees the opportunity of blockchain-enabled trading of electricity within communities and end-users if there would be a policy or regulatory framework to support it, especially in freely...
SMC Global Power Holdings (SMCGPH), the power generating arm of San Miguel Corporation, is allotting Php124 billion in capital expenditures (capex) for 2021 to finance the construction and expansion of its projects,...
San Carlos Bioenergy, Inc. (SCBI), the ethanol plant subsidiary of First Pacific-controlled Roxas Holdings, Inc. (RHI), said that it has been registering marked improvement in its production in the last two quarters, or...
The much-awaited rehabilitation of the Agus-Pulangi hydroelectric power plant system in Mindanao will finally push through after the World Bank (WB) approved its $700,000 (around Php33.4 million) financing to jumpstart preparations for...
Pryce Corporation registered a 6.08% growth in its net income to Php423 million in the first three months of 2021 from Php399 million in the same period in 2020 due to an...
The Manila Electric Company (MERALCO) is increasing its power rates for May by Php0.1853 per kilowatt-hour (kWh) to Php8.4067/kWh from Php8.592/kWh in April or around by around Php37 for residential customers consuming...
Fort Pilar Energy Corporation outbid Ayala-led AC Energy for the ownership of the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) in Pililla, Rizal. Government-run Power Sector Assets and Liabilities Management Corporation (PSALM)...
Yuchengco-led PetroEnergy Resources Corp. (PERC) recorded a growth in its consolidated net income by 21% to Php646 million from Php534 million in 2019, due to the full-year operations of its 20-megawatt (MW)...
