Lopez-led First Gen Corporation recorded a recurring net income of Php3 billion ($59 million) in the first quarter of 2022, a 25.1% decline from the Php3.8 billion ($78 million) posted in the
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
Lopez-led Energy Development Corporation’s (EDC) net income for the first quarter of the year dipped by 19% to Php2.63 billion versus the Php3.26 billion recorded in the same period in 2021. “The
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
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
(UPDATED May 10) The National Grid Corporation of the Philippines (NGCP) confirmed that it completed the upgrade and energization of the two new permanent special transmission towers in Bohol four months after
Power has been restored in over a third of barangays in Bohol two months after Odette hit the province. Based on a report by The Bohol Chronicle, the province’s three power distributors
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corporation (PEMC) to resume the Wholesale Electricity Spot Market’s (WESM) operation in Bohol. ERC handed the order to PEMC, WESM’s governing
Bohol has been reconnected to Visayas Grid six days ahead of schedule, as the National Grid Corporation of the Philippines (NGCP) said has energized the two temporary transmission towers, which would provide
The National Grid Corporation of the Philippines (NGCP) has finished constructing the six 200-foot temporary towers that would reconnect Bohol to the Visayas Grid roughly two months after Typhoon Odette’s onslaught. In
