The Manila Electric Company (MERALCO) is cutting power rates for its consumers by Php0.0395 per kilowatt hour (kWh) to Php8.5105/kWh effective today from Php8.55/kWh in October. The lower electricity rate comes as...
Aboitiz Power Corporation is looking to spend Php24 billion in investments and capital expenditures for coal, solar, and battery storage facilities in 2021. Among the projects in the pipeline are the continuing...
Meralco PowerGen Corporation (MGen) is aiming to invest in renewable energy (RE) technologies generating a total of 2,000 megawatts (MW). While MGenPresident and CEO Rogelio Singson clarified that the previous 1,000 MW target...
Aboitiz Power Corporation is looking to invest in the building of new liquefied natural gas (LNG) plants in the country. AboitizPower President and CEO Emmanuel Rubio said that the company is seriously...
Despite the moratorium on building new coal power plants, Energy Sec. Alfonso Cusi still sees the importance of having coal in the country’s energy mix. In a press briefing on Wednesday, Cusi...
Lower demand for power due to the COVID-19 pandemic pulled down Aboitiz Power Corporation’s consolidated net income to just Php3.3 billion in the third quarter, 32% lower than the Php4.8 billion posted...
Citicore Energy Solutions, Inc. (CESI), the retail electricity supply (RES) arm of Citicore Power Inc., will be supplying renewable energy (RE) to the head office of local retail giant Bench in Fort...
After abandoning intentions to build new coal plants, San Miguel Corporation (SMC) now says it is re-evaluating its interest in the Malampaya gas project. SMC President Ramon Ang said he is still...
AboitizPower subsidiary Therma Visayas, Inc. (TVI) recently completed the turnover of direct benefits to its host beneficiaries, helping provide timely relief to residents during the pandemic. To date, TVI has downloaded Energy...
Surigao Del Sur Rep. Johnny Pimentel recently revealed that prospective buyers of the 45% stake of Shell Exploration B.V. (SPEx) in the Malampaya gas-to-power project are mainly interested in its 504-kilometer subsea...
