Aboitiz Power Corp. said Friday it completed the acquisition of an additional 15.6-percent equity stake in STEAG State Power Inc. (SPI) valued at $11 million, bringing its total interest to 85 percent.
SPI developed the 210-megawatt (MW) coal-fired power plant, including the transmission line and related facilities at the PHIVIDEC Industrial Estate in Misamis Oriental.
The power plant was built through a build-operate-transfer agreement with the National Power Corp. for 25...
Nickel Asia Corp. is pouring an additional P2.92 billion in renewable energy subsidiary Emerging Power Inc. through share subscription.
Nickel Asia said in a disclosure...
Petron Corp. said Monday it received valid tenders amounting to $37.48 million from holders of outstanding $500-million senior perpetual capital securities.
Petron conducted a tender...
The Energy Regulatory Commission welcomed over the weekend the support of business groups such as the Makati Business Club towards ensuring adequate, sustainable and...
An umbrella organization of electric cooperatives lauded the decision of the National Electrification Administration to recall the probational appointment of the general manager of...
