Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
Sta Rosa City lone district Rep. Dan Fernandez (Facebook) A vice chairman of the House Committee on Energy is urging the Office of the Solicitor General (OSG) to elevate to the Supreme Court (SC) the Court of Appeals (CA) decision...
Metropolitan Bank & Trust Co. (Metrobank) reported a 14.5 percent growth in net earnings to P12.0 billion in the first quarter 2024 for a return on equity (ROE) of 13.7 percent. In a disclosure to the Philippine Stock Exchange, the bank said this was driven by consistent growth of its...
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains. According to PNOC President...
Department of Health (DOH) Secretary Teodoro “Ted” Herbosa on Tuesday, April 30, told senators that he had no knowledge of the alleged multi-level marketing (MLM) schemes happening in the medical industry. That is, until the issue was raised before the Senate, and senators have...
In the absence of readily available capacity that it can procure via power supply agreement (PSA) underpinned by competitive selection process (CSP), power utility giant Manila Electric Company (Meralco) indicated that it will be left with no choice but to secure 260 megawatts (MW) of its required...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output. In a disclosure to the...
State-run Philippine National Oil Company (PNOC) has inked a preliminary deal with Singapore-based firm Moorfields Capital Pte Ltd for targeted deployment of aquavoltaic technology as one of the innovative solutions for the country’s energy future. The memorandum of understanding (MOU) was firmed...
Razon-led Manila Water Co. Inc. has passed the stringent requirements set by the Department of Health’s (DOH) Philippine National Standards for Drinking Water (PNSDW). In a statement, Manila Water said the East Zone concessionaire's compliance with the PNSDW ensures that its 7.6 million customers...
While Filipinos are being crippled by the stifling heat of summer, parts of Luzon grid descended into unwanted brownouts or services interruptions due to the prolonged forced outages of power plants and aggravated by the tripping of one major transmission line on Tuesday. In the franchise area of...
