Petron Corporation has committed to reopen its 180,000-barrel per day refinery in Limay, Bataan this July amid low fuel demand due to the COVID-19 pandemic. Petron President and CEO Ramon Ang said...
The average price in the Wholesale Electricity Spot Market (WESM) hit Php4.23 per kilowatt hour (kWh) this month, nearly twice the previous month’s, as both power demand and generator outages increased, according...
AC Energy is consolidating its Philippine and international platforms via a property-for-share swap worth Php85.9 billion. In a disclosure to the Philippine Stock Exchange on Friday, AC Energy Corporation (ACEN) said its...
Citicore Power Inc. (CPI), through subsidiary Rio Norte Hydropower Corporation, has chosen Chinese engineering firm Xian Electric Engineering Co. Ltd. to build its 19.7-megawatt (MW) hydropower project in Isabela. On Thursday, Citicore...
The Alcantaras’ Alsons Consolidated Resources (ACR) nearly doubled its income last year, as the operations of its power plants went in full swing amid the COVID-19 pandemic to meet power demand in...
AC Energy (ACEN) will be issuing 1.58 billion primary shares for its follow-on offering (FOO), which it plans to hold by mid-year. In a disclosure to the Philippine Stock Exchange, the company...
Norway-based liquefied natural gas (LNG) firms BW Gas Limited and Hoegh LNG Asia Pte. Ltd. have made it to the final round of First Gen Corporation’s bidding for the charter of a...
Roughly two weeks after San Miguel Corporation (SMC) said that it submitted a non-binding offer to purchase the 45% stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, the diversified conglomerate now...
The Manila Electric Company (MERALCO) and two power firms under San Miguel Corporation are seeking approval from the Energy Regulatory Commission (ERC) for the implementation of their power supply agreements (PSAs). Based...
AC Energy Corporation (ACEN) has announced the completion of Singaporean sovereign fund GIC Private Limited’s private placement in the Ayala-led firm worth Php11.9 billion. The private placement, done by GIC subsidiary Arran Investment...
