Conglomerate SM Investments Corp. (SMIC) said Wednesday it acquired a 28.79-percent stake in Citicore Energy REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust firm, for P5 billion.
SMIC said in a disclosure to the stock exchange it purchased 1.884 billion shares in CREIT from Citicore Renewable Energy Corp. (CREC) and Citicore Solar Tarlac 1 at P2.6534 apiece.
After the transaction, CREC will remain the largest stakeholder in...
The Department of Energy said Monday it will protect the Filipino families’ purchasing power and mitigate socioeconomic scarring by ensuring energy security, reducing transport...
The Energy Regulatory Commission said Monday it expects to complete the review of distribution utilities’ generation charges, including the results of the power supply...
By Glenn Chap
SAN FRANCISCO, United States —The latest leaps in artificial intelligence in everything from cars, robots to appliances will be on full display...