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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

Power users ask ERC to avert disconnection

Fifteen large power users asked the Energy Regulatory Commission to issue temporary restraining orders and cease and desist orders preventing retail electricity suppliers from...

DOE prepares regulation on offshore wind development

The Department of Energy said Friday it is crafting an executive order that will be submitted to Malacanang Palace to strengthen and rationalize the...

NGCP plans to appeal ERC-imposed P5-m fine

Transmission operator National Grid Corp. of the Philippines plans to file a motion for reconsideration with the Energy Regulatory Commission over the imposition of...

Power producers seek lifting of coal import tariffs

By Alena Mae S. Flores The Philippine Independent Power Producers Association Inc. seeks the permanent lifting of coal import tariffs from non-ASEAN Free Trade Area...

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