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...
Fifteen large power users asked the Energy Regulatory Commission to issue temporary restraining orders and cease and desist orders preventing retail electricity suppliers from...
The Department of Energy said Friday it is crafting an executive order that will be submitted to Malacanang Palace to strengthen and rationalize the...
Transmission operator National Grid Corp. of the Philippines plans to file a motion for reconsideration with the Energy Regulatory Commission over the imposition of...
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...