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Philippines
Monday, December 23, 2024

Alena Mae S. Flores

ACEN expects capex to reach P70b in 2025

Ayala Corp.’s power generation arm ACEN Corp. expects its capital expenditure to reach P70 billion in 2025, a top executive said over the weekend. “We...

Christmas oil price hike looms amid international supply jitters

The Department of Energy (DOE)  expects local pump prices to increase by as much as P1.40 per liter on Christmas Eve. On Friday, DOE Oil...

Meralco’s power sales grew 6.6% in 11 months

Power retailer Manila Electric Co. (Meralco) reported a 6.6-percent increase in its power sales from January to November to 49,953 gigawatt-hours (GWh) from 46,866...

Alternergy gets more funds for wind project

Alternergy Tanay Wind Corp. (ATWC) said Friday it received the second tranche of funding from project lenders Bank of the Philippine Islands (BPI) and...

ACEN unit wins 936-MW wind power project in Australia

ACEN Corp. said Thursday its Australian unit won a 936-megawatt wind power project in New South Wales that will be able to power up...

DOE endorses 7 projects for NGCP system impact study

The Department of Energy endorsed to the National Grid Corp. of the Philippines seven power projects for system impact study (SIS) in November. The DOE...

Alternergy remits over P117m to GSIS as dividend payment

Renewable power producers Alternergy Holdings Corp. (ALTER) said Thursday it remitted to state-run pension fund Government Service Insurance System (GSIS) P117.93 million representing the...

Advocate asks Senate to amend Meralco franchise

A consumer rights advocate called on the Senate to amend key provisions in the proposed measure to renew the Manila Electric Co. (Meralco) franchise...

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