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Friday, March 29, 2024

Energy

SM Group acquires 28% stake in CREIT for P5 billion

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...

Luzon power spot prices rise on increased demand, plant shutdowns

Prices at the Wholesale Electricity Spot Market (WESM) in the Luzon grid...

Meralco vows to meet summer power demand

Power retailer Manila Electric Company (Meralco) said Tuesday it is prepared to...

Cebu businessmen warn vs. power shortage

Business leaders in Cebu, the bustling heart of the Visayas, expressed concern...

LATEST Energy

LATEST

PH generated P21.85b worth of petroleum, coal revenues in second semester

The Philippines generated P21.85 billion in petroleum and coal revenues in the second half of 2022, the Department of Energy said in its report. It...

DOE to prioritize energy security, rate reduction

The Department of Energy said Monday it will protect the Filipino families’ purchasing power and mitigate socioeconomic scarring by ensuring energy security, reducing transport...

ERC to pursue review of power generation rates

The Energy Regulatory Commission said Monday it expects to complete the review of distribution utilities’ generation charges, including the results of the power supply...

CES gadget extravaganza to display next-generation tech

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...

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