As the government cannot provide viable ‘quick fixes’ to the country’s shaky power supply situation, Luzon grid will have to increase its dependency on the interruptible load program (ILP) which is underpinned by the switch-on of generating sets (gensets) of big-ticket customers that are...
Manila Water Philippine Ventures (MWPV), a subsidiary of Razon-controlled Manila Water Company catering to cities and municipalities outside of East Zone, has acquired a 70 percent stake in Equipacific HoldCo Inc. for P1.15 billion. Equipacific HoldCo is an investment company, which holds 90...
Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, has signed a multi-year supply deal initially valued about P20 billion with The Vita Coco Company, Inc., one of the world’s largest coconut water brands, on strong global...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
Rotational blackouts at various provinces in the Luzon grid as well as Metro Manila areas may roll by 2:00 to 4:00pm this afternoon, according to the latest advisories of system operator National Grid Corporation of the Philippines and power utility giant Manila Electric Company. The first batch of...
Meralco Energy, Inc. (MSERV), which is the nationwide energy solutions arm of Manila Electric Company (Meralco), has reinforced the electricity services provision for the healthcare facilities of Allied Care Experts (ACE) Group of Hospitals. The enhancement on the power supply and service network...
The script for market dynamics will be flipped this April because instead of a rate hike, power utility giant Manila Electric Company (Meralco) is hinting at a rate reduction in the electric bills of its roughly 8.0 million customers within this billing cycle. Meralco Vice President and Head of...
A new chapter in the professional métier of industry hotshot Emmanuel “Manny” V. Rubio will be unfolding soon, as whispers are getting louder on his appointment as the next chief executive officer of Meralco PowerGen (MGen), the power generation investment arm of Manila Electric Company...
SAGIP Party-list Reps. Rodante Marcoleta (left), Caroline Tanchay (Facebook) SAGIP Party-list Reps. Rodante Marcoleta and Caroline Tanchay are prodding the House of Representatives to take up their proposed measure to tighten the prohibition on...
Priority procurement of capacity generated from indigenous Malampaya gas had been directed by the Energy Regulatory Commission (ERC) in the power purchase agreement (PPA) underwritten by Manila Electric Company (Meralco) with First Gen Corporation of the Lopez group. Owing to that ruling, the...
From L-R: ACCIONA: Samantha Betia - Head of Marketing, ACCIONA SEA, Rina Dakay - Business Development and Marketing ACCIONA SEA, Javier Ruiz - EPC Director, ACCIONA Agua - PAREF Woodrose School - Kathleen Pineda, Associate Director for Academic Standards, Cheyenne dela Fuente, Principal, Integrated...
Leaning on the robust power generating assets of its various subsidiaries, Aboitiz Equity Ventures (AEV) has sustained its lead as the country’s biggest power producer with total installed capacity of 5,745.221 megawatts, according to data released by the Energy Regulatory Commission. Inching...
