London-headquartered private equity firm Actis is injecting colossal investment of $600 million (approximately P34 billion) for its 40 percent equity acquisition in the $4 billion Terra Solar project being advanced to commercial fruition by SP New Energy Corporation (SPNEC) of the Manila Electric...
Modern EV’s are not exactly known for their range, yet one brand is trying to prove otherwise by participating in one of the most grueling rallies in Asia. The Luxgen N7 recently participated in the 2024 Asia Cross Country Rally (AXCR), proving the potential of EVs in challenging automotive...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
The Department of Energy (DOE) is currently studying a policy for the repurposing of diesel-fired power plants by integrating biofuel blend of as much as 55% (or B55) by volume, according to Energy Undersecretary Felix William B. Fuentebella. “We’re developing a strategy for B55 to enable the...
Volvo is giving buyers a chance to experience its two new EV models at its “Recharge the Drive” event from September 6-8, 2024, at Volvo Makati. This event offers an exclusive test drive opportunity for two leading models—the XC40 Recharge and the C40 Recharge. These crossover models reflect...
The typical process of buying an electric vehicle involves paying for the entire vehicle, including the battery, outright. While this has been the typical model since EVs have been offered, it leaves owners of these vehicles, as well as potential second-hand buyers with a conundrum: what happens...
The Department of Public and Highways (DPWH) and National Electrification Administration (NEA), with the imprimatur of the Department of Energy (DOE), will need to agree and draw up a formula for prudent compensation on the relocation of electric poles that shall be straddled by the various...
President Marcos has approved the franchise bid of Romblon Electric Cooperative, Inc. (Romelco) to establish power supply in three island municipalities of the province. Through Republic Act 12020, signed on Aug. 29, Romelco was granted a 25-year franchise “to construct, install, establish,...
Manila Electric Company (Meralco) has assured its readiness to manage potential power outages as Tropical Storm “Enteng” intensifies, bringing heavy rainfall to Luzon. In a statement, Meralco, the country’s largest power distributor, recorded 28,256 affected customers with power...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
From left: two Segway E110L models and an N100. There’s more to Segway than simply gyro-stabilized personal mobility vehicles. The mobility brand is also offering practical ways to get to farther locations via electric scooter. Unlike the gyro-stabilized stand-up vehicle, or kick scooter,...
The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
