Aboitiz Power Corporation said it will hold back its plan to unload its 8.8-megawatt (MW) biomass power plant assets in Lian, Batangas amid the spike in COVID-19 cases. Based on a report...
The Manila Electric Company (MERALCO) is expecting a higher generation charge in April, as power demand is expected to spike with the onset of summer. “Based on early, initial projections, there may...
SN Aboitiz Power (SNAP) would be taking a pause on the implementation of the proposed $1 billion Alimit hydropower project in Ifugao due to grid connection and host community concerns. Based on a...
While the Philippines’ two largest oil firms have been slapped with huge losses in 2020 due to the COVID-19 pandemic, Phoenix Petroleum — the country’s third-largest player — managed to post a...
AC Energy (ACEN) has issued four billion new shares to Arran Investment Pte. Ltd. as part of the Singaporean firm’s private placement in the Ayala-led company. In a disclosure to the Philippine...
Lopez-led First Philec, Inc., is set to launch its “super green” transformers made from 100% recyclable and biodegradable materials in the market this year to help power distributors cope with their system...
Petron Corporation is set to build additional components in its 180,000 barrel-per-day refinery in Limay, Bataan as part of efforts to shift to cleaner technology and accelerate the transfer of goods, as...
Aboitiz Power Corporation, the country’s largest power generator, said it plans to begin constructing a 50-megawatt (MW) solar farm in Luzon by the second half of the year. The company did not...
Due to the huge impact of the COVID-19 pandemic on the upstream oil industry, the Department of Energy (DOE) is evaluating a request to place Service Contract (SC) 55 off the southwestern...
The provision exempting local oil refineries from paying taxes and duties on crude oil imports was retained by Pres. Rodrigo Duterte in his approval of Republic Act 11534 or the Corporate Recovery...
