Manila Electric Co. (MERALCO) revealed that its earnings for the first quarter of 2023 increased due to an upsurge in energy costs and the contribution of its power generation section. In a...
The Manila Electric Co. (MERALCO) may soon seek help from the Department of Energy (DOE) in conducting a competitive selection process (CSP) for its contract capacity of 1,800 megawatts (MW). In a...
Ayala-led ACEN Corporation has recorded a Php 13.1 billion net income in 2022, a massive jump from the Php 5.3 billion profit made in the previous year. “This included ₱8.6 billion of...
The Aboitiz Power Corporation recorded a net income of Php 27.5 billion in 2022, a 32% jump from the Php 20.8 billion recorded in 2021. In a disclosure to the Philippine Stock...
Pilipinas Shell Petroleum Corp. (SHLPH) has secured a Php 9 billion loan from the Bank of the Philippine Islands (BPI) and Metrobank. “The loan will reduce SHLPH’s exposure to short-term volatilities in...
Basic Energy Corporation (BEC), through its subsidiary Mabini Energy Corporation (MEC), is looking to secure a strategic partner for the development of its 50-megawatt (MW) Mabini wind farm project in Batangas. In...
Manuel V. Pangilinan-led PXP Energy Corporation is seeking the government’s approval anew to continue its exploration activities in the West Philippine Sea. “PXP and Forum will continue to coordinate with the Government...
The Philippine Stock Exchange (PSE) has approved the Php 1.87 billion initial public offering (IPO) of Alternergy Holdings Corp. In a memorandum released on Tuesday, PSE said that it has approved Altenergy’s...
Aboitiz Power Corporation, through its renewable energy subsidiary Aboitiz Renewables Inc., has secured a Php 20 billion agreement with the Land Bank of the Philippines to fund the growth of its RE...
Petron Corporation is eyeing repurchasing as much as $50 million of perpetual bonds listed in Singapore. In a disclosure to the Philippine Stock Exchange (PSE), Petron announced its proposed tender offer to...
