Ayala-led AC Energy (ACEN) is investing Php2.2 billion for its 40-megawatt (MW) battery energy storage system (BESS) project in Alaminos, Laguna. In a disclosure to the Philippine Stock Exchange on Monday, ACEN
Aboitiz Power Corporation, the country’s largest power generator, registered a net income of Php12.6 billion in 2020, 27% lower than the Php17.3 billion recorded in 2019. Based on its disclosure to the
AC Energy (ACEN) has begun the process of divesting from the 540-megawatt GNPower Kauswagan (GNPK) coal-fired power plant in Lanao Del Norte. In a disclosure to the Philippine Stock Exchange by ACEN’s
Consunji-led Semirara Mining and Power Corporation (SMPC) has announced the resignation of its President and COO Maria Cristina Gotianun as the firm’s concurrent chief risk officer. In a disclosure to the Philippine
Metro Pacific Investments Corporation (MPIC) and a German biogas technology firm said they are set to build the first industrial biogas plants using wastes from pineapples and other fruits to generate clean
Lower incomes and operating expenses of the Manila Electric Company (MERALCO) and Global Business Power Corporation (GBP) due to the COVID-19 pandemic were major factors in Metro Pacific Investment Corporation’s (MPIC) 34%
Aboitiz Power Corporation has begun selling the first tranche of its fixed-rate bonds after it received the Order of Registration and Certificate of Permit to Offer Securities for Sale from the Securities and
Manny V. Pangilinan-led PXP Energy significantly cut its losses last year with plug and abandonment costs reduced while waiting for the government’s go-signal for the resumption of exploration activities. In a statement,
A generator of the GNPower Mariveles Coal-fired Power Plant in Bataan went on an unscheduled outage, according to its owner Aboitiz Power Corporation. Unit 1 of the 632-megawatt plant suddenly shut down
Cebu-based Vivant Energy Corporation and subsidiary Amberdust Holding Corporation (AHC) is expanding its foothold in Mindanao by investing Php434 million in Bukidnon-based power companies owned by Sen. Juan Miguel Zubiri. In a
