Consumers should brace themselves for another increase in their electricity bills this month, as Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has announced a power rate hike for April. In a statement on Friday, April 11, Meralco reported a ₱0.7226 per kilowatt-hour (kWh) increase in its...
To address rising power demand in Laguna and neighboring areas, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has energized Mesaland substation in Santa Rosa City. In a statement, Meralco said it began operating the 115-kilovolt (kV)-34.5-kV substation in Hacienda Sta. Elena, which is set...
Set to be completed before the year ends, the new and modern Manaoag Pasalubong Center will soon welcome and complement the experience of millions of tourists and pilgrims. More than a commercial stop, the center promises to be a communal space for rest and recreation, a hub for agritourism, and a...
Philex Chairman Manuel V. Pangilinan Philex Mining Corp. is negotiating with a potential foreign investor that may take a minority stake in its wholly owned subsidiary, Silangan Mindanao Mining Co. Inc. In an interview, Philex Chairman Manuel V. Pangilinan said the investor will come in...
Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
Globe Telecom Inc. has sealed term loan facilities amounting to ₱20 billion to address its budget needs and boost capital spending this year. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said it borrowed ₱10 billion each from Sy-led BDO Unibank...
Davao del Norte 1st district Rep. Pantaleon Alvarez (Facebook) Former House Speaker Pantaleon Alvarez is optimistic in achieving an era of ample and cheap electricity at reasonable rates now dawns on Davao del Norte and Davao de Oro...
Ahead of its scheduled completion, MGen Renewable Energy Inc. (MGreen), the renewable energy (RE) unit of Meralco PowerGen Corporation (MGen), announced the activation of its solar power plant in Isabela. In a statement on Wednesday, March 11, MGen said the 52.8-megawatt (MW) MGreen Cordon Solar...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
CEBU CITY – For most families in a mountain barangay in the City of Naga, southern Cebu, to have a stable electricity in their households would cost them a fortune. VISAYAN Electric President and COO Engr. Raul Lucero (from left), Lanas Barangay Captain Emily Baricuatro, Department of Energy...
