Ayala-led ACEN said it posted a consolidated net income of Php405 million for the first quarter of 2022, 68% lower than the Php1.27 billion recorded in the same period last year. The...
SPC Power Corporation and its affiliate Intrepid Holdings Inc. (IHI) will no longer acquire German firm Steag GmBH’s 51% stake in STEAG State Power Inc – the operator of the 210-megawatt (MW)...
Petron Corporation recorded a net income of Php3.6 billion in the first quarter of 2022, more than double its Php1.73 billion net income in the same period last year. The company’s consolidated...
Aboitiz Power Corporation recorded a 53% decline in its core net income for the first quarter of 2022 to Php2.9 billion versus from Php6.2 billion in the same period last year. In...
ACEN is looking to enter the renewable energy (RE) market in the United States by acquiring existing wind power projects on the other side of the world. This comes as Ayala’s power...
Ayala-led ACEN has officially sold its oil-fired 32-megawatt Power Barge (PB) 103 docked in Lapu-Lapu City, Cebu to SPC Power Corporation for Php39.2 million, the two firms said in separate disclosures to...
With the Russia-Ukraine conflict in its second month, Petron – the Philippines’ largest oil firm – said that its oil supply remains stable, at least for the time being. “Petron currently does...
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Calaca, Batangas. In a statement on Monday,...
The Department of Energy (DOE) has ordered PXP Energy Corporation to put on hold its exploration activities, particularly for its Service Contract (SC) 72 and 75 blocks in the West Philippine Sea...
Cebu-based Vivant Corporation, through subsidiary 1590 Energy Corporation (1590 EC), will be acquiring the 225-megawatt Bauang Diesel Power Plant (BDPP) in La Union. In a disclosure to the Philippine Stock Exchange on...
