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Philippines
Tuesday, May 7, 2024

Energy

AboitizPower’s first-quarter income rose 4% to P7.9b

Aboitiz Power Corp. said Monday it posted a 4-percent net income growth in the first quarter to P7.9 billion from P7.5 billion in the same period last year on higher power generation. Aboitiz Power said in a statement that stripping non-recurring items, core net income in the three-month period increased 3 percent to P7.8 billion from P7.6 billion a year earlier. “AboitizPower continued its strong performance in the first quarter of...

Semirara’s profit declined 28% in 3 months on weaker market prices

Semirara Mining and Power Corp. (SMPC) said Monday its net income fell...

REDC vows to expand RE portfolio in 2024 as part of long-term strategy

Repower Energy Development Corp. (REDC). said Monday its net income reached P172.8...

Power demand likely to top earlier forecast, says Meralco

Power sales in 2024 are expected to surpass earlier forecast amid higher...

LATEST Energy

LATEST

Spain says Germany will join hydrogen pipeline project

MADRID—Spain said Sunday agreement has been reached for Germany to join an ambitious hydrogen pipeline that will bring the “green” gas from the Iberian...

Shell expanding PH investments in more sectors

Shell Companies in the Philippines, the group of businesses under Shell, is expanding its investments in oil, renewable energy, electric vehicles, business process outsourcing...

Surallah Power building 7-MW biomass project in Palawan

Surallah Power Generation Inc., a local company, is putting up a second biomass project with a capacity of 7 megawatts in Palawan province with...

DOE expects Linseed Field Power’s LNG terminal to open in April

Local company Linseed Field Power Corp. is on track to launching the commercial operations of its integrated liquefied natural gas import terminal in Barangay...

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