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The San Miguel Corp. (SMC) is set to take over the Masinloc power projects after buying out its owners for around $1.9 billion. A total of $2.4 billion implied enterprise value of...
An electric cooperative in Surigao del Sur has tapped in a unit of the AboitizPower for a two-megawatt (MW) power supply deal for 2018. The Surigao del Sur 1 Electric Cooperative Inc....
The increase in the coal excise tax will post a “serious impact” on consumers’ welfare, a concern the Laban Konsyumer Inc. (LKI) is looking at. In a statement, LKI said that the...
The full implementation of the Retail Competition and Open Access (RCOA) will create “competitive pressure” that will lead to lower power rates, the Management Association of the Philippines (MAP) said. MAP is...
AboitizPower has begun constructing its 19-megawatt (MW) Bineng Combination Hydro in La Trinidad, Benguet. Through its unit, Hedcor, the company broke ground last December 5. The project is expected to increase the...
The AC Energy Holdings has secured the project financing of its Dinginin coal-fired power plant, making their attributable capacity to 1,600 megawatts (MW). The company said that the GNPower Dinginin Ltd. Co....
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The Philippine National Oil Company (PNOC) may bid out of the development of the $2-billion liquefied natural gas (LNG) terminal if no qualified proposals meet the December 31 deadline. “If there are...
The 12 megawatt (MW) Maibarara-2 geothermal power plant nears it commercial operations after securing spot market and grid operations requirements. The Maibarara Geothermal Inc. (MGI) said that it has secured its registration...
