Pangilinan-led PXP Energy Corporation has substantially trimmed its consolidated net loss last year to P76.3 million compared to a considerably enormous scale of P297.2 million in 2019. On a core net loss basis, the company was also able to bring that down to P45.7 million in 2020 versus the...
Garcia-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri. In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its...
The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines. The Philippine Coconut Authority (PCA), the industry regulating body which...
Through the mandated appointment of energy efficiency and conservation (EE&C) practitioners, the Department of Energy (DOE) will be enforcing stricter compliance to the prescriptions of the Energy Efficiency and Conservation (EE&C) Act or Republic Act 11285, primarily across...
Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period. The winning SMC companies are...
The proposed coal-fired power plant project of Chinese firm Kingstone Energy is not in the “indicative” or “committed” list of projects of the Department of Energy (DOE), hence, that could warrant its ultimate disqualification from the competitive selection process (CSP) of Manila Electric...
Gary Valenciano Mr. Pure Energy, Gary Valenciano woke up feeling better last Tuesday, Feb. 16 coming off from a high blood sugar level the previous day. Valenciano immediately tweeted about this, saying: "Woke up early today feeling much much better!!! Thanks to all who showed concern. Sugar was at...
Mining operations within the Marikina River Basin should not be blamed for the massive flooding that engulfed some parts of Marikina and Rizal province during the onslaught of Typhoon Ulysses, the deadliest and most destructive typhoon to hit the country in 2020. This was indicated in the recent...
Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to...
AC Energy Corporation (ACEN), the energy investment platform of the Ayala group, is queuing up to 2.0 billion primary shares for its follow-on offering (FOO) that shall be priced at P6.00 to P8.20 per share. The company said its FOO had already been green-lighted by its Executive Committee, upon...
Ayala-led AC Energy Corporation (ACEN) will be completing its series of P30 billion worth of equity-based fund raising activity by concretizing the third leg via a follow-on offering (FOO) this year. In a briefing with reporters, AC Energy President and CEO Eric T. Francia noted that the P30...
The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion. During the formal listing of ACEN’s stock rights offer at the local bourse, Philippine...
