Negros Island Biomass Holdings (NIBH), a joint venture between AC Energy and the Zabaleta group, has signed binding agreements to divest its shareholdings in three biomass-fired power plants in Negros Occidental. NIBH...
Ayala-led AC Energy (ACEN) is investing Php415 million in one of its subsidiaries to acquire potential project sites, otherwise known as landbanking. In a disclosure to the Philippine Stock Exchange on Wednesday,...
AC Energy (ACEN) will subscribe to 33.5 million common shares in subsidiary One Subic Power Generation Corporation, as its board approved the move to convert its advances worth Php680 million into equity. In...
The Securities and Exchange Commission (SEC) has favorably considered Lopez-led Energy Development Corporation’s (EDC) public offering of up to Php15 billion in fixed-rate ASEAN green bonds. On Tuesday, the commission en banc...
Sen. Sherwin Gatchalian wants the lifting of the initial public offering (IPO) requirement for power generation companies (gencos) in order to attract more investments in the country’s energy sector. Gatchalian, chairman of...
Lopez-led First Gen Corporation has signed a ten-year time charter party with Maersk affiliate Svitzer for towage and vessel support service requirements of its interim offshore liquefied natural gas (LNG) terminal project...
First Gen Corporation announced that it has signed six-year term loan facilities amounting to $308 million (around Php14.8 billion) with four banks primarily to repay the existing debts of its 500-megawatt (MW)...
PXP Energy, through subsidiary Pitkin Petroleum Z-38 SRL, has launched a case against Australian partner Karoon Gas Australia Limited for breach of its obligation to drill a second well in its service...
First Gen Corporation has confirmed its interest in purchasing the Philippine National Oil Company’s (PNOC) “banked gas” from the Malampaya gas field worth Php33 billion to Php38 billion. In a disclosure to...
The National Grid Corporation of the Philippines (NGCP) said it has “started complying” with its initial public offering (IPO) requirement and is “on track” to completing the process. This comes following the...
