AboitizPower recorded a net income of P16.7 billion in the first nine months of 2018, 6 percent higher than the P15.7 billion for the same period in 2017. Non-recurring losses of P1.7...
Philip Morris Fortune Tobacco Corp. (PMFTC) opened its $3.1-million solar-power plant inside 25-hectare manufacturing facility at the First Philippine Industrial Park in Tanuan City, Batangas. PMFTC, a joint venture between Philip Morris...
The Manila Electric Co. (Meralco) announced a slight increase for November’s electricity rates, from last month’s P9.9766 per kWh to this month’s P10.0901 per kWh. A typical household consuming 200 kWh will...
The Philippines has opened talks with Indonesia for collaborations in benchmarking policies and incentives for gas and oil investments. In his bilateral meeting in Singapore last week, Department of Energy (DOE) Secretary...
A local clean energy player has called on local government units (LGUs) to consider micro-grid developments in the hopes of strengthening the Philippines’ electrification program. Roger Chua of Lux Illumina Verde Energy...
Aboitiz Power Corporation listed P 10.2 Billion Fixed Rate Bonds Series B Due 2024 and Series C Due 2028 on Philippine Dealing Exchange (PDEx), the second tranche of its P 30 Billion Shelf Registration...
Several US firms are eyeing to supply the Philippines with liquefied natural gas (LNG) as the country seeks to update its gas market process. The was made through Energy Secretary Alfonso G....
The Department of Energy (DOE) declared a 500 MW pumped storage hydropower project as a “project on national significance” under the Executive Order (EO) 30. DOE issued the certificate of Energy Projects...
Apayao, Kalinga, Cagayan, Nueva Vizcaya, Isabela, Ifugao, and Quirino lost electricity as Typhoon Rosita (international name Yutu) battered northern Luzon this week. Transmission lines in seven Luzon provinces were knocked down, affecting...
Vietnam, Indonesia, and Philippines could lose around $60 billion worth of coal assets in the next decade according to a new study by London-based think tank Carbon Tracker. The study cited tighter...
