spot_img
26.9 C
Philippines
Saturday, December 2, 2023

Energy

Meralco unit pays P7b to acquire stake in solar power firm SPNEC

Manila Electric Co. through its unit MGen Renewable Energy Inc. (Mgreen) made an initial payment of P7 billion as part of its plan to acquire a majority stake in solar energy producer SP New Energy Corp. SPNEC said in a statement Friday it received the P7-billion initial payment from MGreen, with the balance of P8.9 billion to be paid by the closing date. MGreen  signed an agreement with SPNEC and parent...

DOE readies circular on 3% biodiesel blend

The Department of Energy (DOE) will issue a circular to implement a...

LandBank approves P20-billion loan to support ACEN’s RE projects

Land Bank of the Philippines approved a P20-billion loan to ACEN Corp.,...

MGen sustains education campaign

Meralco PowerGen Corp. (MGen) and its subsidiaries continue their commitment to sustainably...

LATEST Energy

LATEST

NGCP seeks lifting of Supreme Court’s TRO on Panay-Guimaras link

Transmission operator National Grid Corp. of the Philippines (NGCP) asked the Supreme Court to lift the temporary restraining order against the P3 billion Panay-Guimaras...

Meralco invites bidders to join new auction for 1,200-MW supply

Power retailer Manila Electric Co. (Meralco) is inviting interested power generation companies to participate in the competitive selection process (CSP) or bidding for 1,200...

ACEN secures P20-b bank loan to fund renewable energy projects

ACEN Corp., the listed energy platform of the Ayala Group, signed a 10-year term loan facility worth P20 billion with a single bank for...

Aboitiz Power expects to complete several projects in 2024

Aboitiz Power Corp. expects to complete several energy projects in 2024 that will support economic growth in the near term, a top executive said...

EDC board approves public offering, listing of P10-b ASEAN green bonds

The board of Energy Development Corp. (EDC) on Wednesday approved the public offering, issuance and listing of the second tranche of the company’s shelf-registered...

AboitizPower, partners donate medical supplies to Batangas, Cebu

Aboitiz Power Corporation (AboitizPower) and partner First Bay Power Corporation gave much-needed vitamins, medicine, and medical equipment to barangays Sampaguita and San Diego in...

Oil firm lauds gov’t efforts to assert rights over WPS

An oil and gas exploration company lauded the Marcos administration for asserting the Philippines’ rights over the West Philippine Sea (WPS). PXP Energy Corp. chairman...

Power firms predict tight supply in 2024

Two of the country’s largest power firms expect a tight supply next year amid an anticipated growth in demand of 600 megawatts (MW) to...

PRINT EDITION

ADVERTISEMENT

spot_img