Lopez-led Energy Development Corp. (EDC) registered a hefty drop in recurring and consolidated net profits in the first quarter of the year as the negative impacts of Typhoon Urduja late last year...
Phoenix Asphalt Philippines, Inc., the joint venture of independent oil company Phoenix Petroleum, Thailand-based TIPCO Asphalt Public Co. Ltd, and PhilAsphalt Development Corporation, has broken ground for the construction of its own...
Petron Corporation opened the year strong posting consolidated revenues of P129 billion for the first quarter of 2018, 21 percent higher than the previous year’s P106 billion. Consolidated net income reached P5.8...
Aboitiz Power Corporation (AboitizPower) recorded for the first quarter of 2018 a 9 percent year-on-year decrease in its consolidated net income, from P4.4 billion to P4.0 billion. AboitizPower recognized non-recurring foreign exchange...
The indigenous families in the highlands of Subic and Olongapo now have access to inexpensive medicine thanks to three new botikas, courtesy of Redondo Peninsula Energy Inc. The botikas (pharmacies) are RP Energy’s...
Four 600-kilowatt (kW) additional generating sets (gensets) were inaugurated on Wednesday for the power facilities of San Vicente and El Nido. Alfredo R. Zabala of National Power Corporation (Napocor) Palawan Operations Division...
Department of Energy Assistant Secretary Redentor Delola guaranteed that the country has “enough reserves” even if a number of power plants in Luzon are scheduled to go offline. Pagbilao 1 (367.5 MW)...
The Manila Electric Co. (Meralco) is looking to invest in a power distribution business in Ghana amid its overseas expansion. The Millennium Development Authority (MiDA) has chosen Meralco as the preferred bidder...
The Sabang Renewable Energy Corp. (SERC) will put up the country’s first hybrid-powered micro-grid in Sabang, Palawan that looks to cut down diesel consumption and generate savings on rural electrification. SREC has...
The Aklan Electric Cooperative Inc. (Akelco) is renegotiating the existing bilateral contracts with its Independent Power Producers (IPPs) to alleviate the swell of the utility’s power rates due to Boracay’s expected drop...
