The Department of Environment and Natural Resources-Environmental Management Bureau in Region 10 (DENR-EMB 10) has lauded FDC Misamis Power Corporation (FDC Misamis) for the man-made forest it built in the province To be specific, DENR cited the forest management and reforestation programs of FDC...
Diversified conglomerate San Miguel Corporation (SMC) is inclined to resolve at the negotiating table the P23.94 billion billing dispute of its subsidiary South Premiere Power Corporation (SPPC) with state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for the 1,200-megawatt...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
By procuring clean energy supply from the ‘Cleanergy’ portfolio of Aboitiz Power Corporation, leading green office developer NEO clinched its ‘net zero carbon’ goal; and its buildings bagged 5-star certifications under the “Advancing Net Zero Philippines (ANZ/PH) program”, an entity...
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 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been synchronized back to the grid this week, following a five-month shutdown due to the technical glitch it suffered from since five months ago. In a disclosure to the Philippine Stock Exchange (PSE), the Lopez firm...
Razon-led MORE Electric and Power Corporation (MORE Power) has applied for P1.982 billion worth of capital expenditures (capex) with the Energy Regulatory Commission (ERC) for the reinforcement and expansion of its power distribution network in Iloilo City. In its filing with the regulatory body,...
The Power Sector Assets and Liabilities Management Corporation ( PSALM ) has scaled down the reserve price for the 650-megawatt Malaya thermal power facility to P1.845 billion from P2.007 billion for the third round of negotiated sale. This followed after the company failed on its second...
The high cost of advanced metering infrastructure (AMI) technology has been hobbling targets of massive rollout of smart meters in the country, because many Filipino consumers would not be able to afford any abrupt technology shift. According to Jaime Jose Aboitiz, executive vice president and...
SMC Global Power Holdings Corporation, the energy investment arm of San Miguel Corporation and Aboitiz Power Corporation, were among the big-ticket players in the power industry that submitted offers in the competitive selection process (CSP) carried out by Manila Electric Company (Meralco) for its...
The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
The Philippine Competition Commission (PCC) has approved the acquisition by Scatec Solar ASA (Scatec Solar) of 100 percent of SN Power AS (SN Power) from the Norwegian Investment Fund for Developing Countries (Norfund). SN Power has investments in hydro-power businesses in the Philippines...
