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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

NGCP places Luzon under ‘yellow alert’

Grid operator National Grid Corp. of the Philippines placed the Luzon grid on red and yellow alerts on Monday after 2,648 megawatts of total...

Prime Metro, JBD to invest P60b in Laguna hydro project

Ahunan Power Inc., a joint venture of Prime Metro Power Holdings Corp. and JBD Water Power Inc., is developing a P60-billion pumped-storage hydroelectric power...

Meralco wants 1,070-MW emergency power deals exempted from bidding

Power retailer Manila Electric Co. renewed its call to the Department of Energy over the weekend for the exemption from the competitive selection process...

Court of Appeals rules in favor of SMC-Meralco power rate hike

The Fourth Division of the Court of Appeals issued a 60-day temporary restraining order on the Energy Regulatory Commission’s rejection of San Miguel Corp.’s...

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