Aboitiz Power Corp. expects to see improved performance in the second half of the year, driven by new supply deals and stronger plant operations. During the Philippine Stock Exchange’s (PSE) PSE STAR Investor Day, AboitizPower Chief Finance Officer (CFO) Sandro Aboitiz explained that the company...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Independent power producer (IPP) TeaM Energy Corp. has transferred its 735-megawatt (MW) Pagbilao coal-fired power plant to the government, following the expiration of its Build, Operate, and Transfer (BOT) contract. In a statement, TeaM Energy said Friday, Aug. 15, that the turnover to the Power...
Keen to advance nuclear energy development, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is set to receive funding support from the United States (US) government nearly three years after it first sought assistance to explore the potential of small modular reactors (SMRs). On the sidelines...
San Miguel Global Power (SMGP) said Wednesday, Aug. 13, that the Philippine Electricity Market Corp. (PEMC) has cleared its Ilijan Gas Power Plant of any violations related to a 2022 outage, calling a recent regulatory order from the Energy Regulatory Commission (ERC) “outdated and without...
The city government of Las Piñas announced that two barangays in the city will experience a power outage on August 14 due to line reconstruction works, installation, and retirement of facilities along Lalaine Bennet Street in Barangay Talon Dos. The Manila Electric Company (Meralco) will...
Lopez-led First Gen Corp. (FGen) is asserting that the extension of its power purchase agreement (PPA) with Manila Electric Co. (Meralco) for the 1,100-megawatt Santa Rita power plant is valid and essential for energy security. While the proposal still awaits approval from the Energy Regulatory...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Ramon S. Ang-led San Miguel Global Power Corp. (SMGP) is seeking to expand its gas turbine power project in Zamboanga City. According to a notice from the Department of Environment and Natural Resources (DENR), Malita Power, Inc. (MPI), an SMGP subsidiary, has proposed to double its plant’s...
The police power of the town mayor of San Simon, Pampanga was suspended by the National Police Commission (Napolcom) after he was arrested for extortion, it was bared on Friday. Aug. 8. Commissioner Rafael Vicente R. Calinisan, vice chairperson and executive officer of the Napolcom, ordered the...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
Diversified engineering conglomerate DMCI Holdings Inc. reported an 18 percent drop in consolidated net income to ₱9.1 billion in the first half of 2025 from the ₱11.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it posted a net...
