Consunji-led Semirara Mining and Power Corp. (SMPC) reported a drop in its net income due to lower coal and electricity prices. In a disclosure to the Philippine Stock Exchange on Monday, Aug. 4, SMPC recorded that its consolidated net income in January to June this year decreased to ₱8.4 billion...
In the President’s recent State of the Nation Address (SONA), grand promises resonated loudly. Yet, even at this early stage, hints from his appointed officials within key agencies suggest these ambitious goals could quickly unravel, potentially leaving Filipino consumers more frustrated than...
Persistent power outages in Siquijor are putting the island’s tourism growth at risk and may weaken investor confidence if not urgently addressed, the Department of Tourism (DOT) warned on Thursday, July 31. Tourism Secretary Christina Garcia-Frasco said the ongoing power instability, managed by...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
In line with its 40th anniversary, SM Supermalls has unveiled the largest rooftop solar photovoltaic (PV) system on a commercial building in the country at SM City Fairview, reinforcing its commitment toward environmental sustainability and corporate resilience. This is a significant contribution...
Yuchengco-led PetroGreen Energy Corp. (PGEC) is set to commence commercial operations at its San Jose Solar Power Plant (SJSPP) in Nueva Ecija on Aug. 1, following approvals from the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP). PGEC...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
Despite the Department of Energy’s (DOE) efforts to cancel renewable energy (RE) contracts that miss their implementation timelines, the agency continues to shy away from investigating the murky waters of potentially questionable project shareholders, and as a result, the industry’s darker...
BAGUIO CITY – Aboitiz Power has donated 4,400 liters of fuel to local governments in Benguet and Mountain Province to support disaster response efforts following recent weather disturbances that caused widespread flooding, landslides, and power outages across Northern Luzon. The fuel assistance,...
Aboitiz Renewables Inc. (ARI), the renewable energy arm of Aboitiz Power Corp., is poised to begin commercial operations of the largest solar facility in the Visayas. In a statement, the company announced on Thursday, July 24, that it has received the final certificate of approval to connect...
With allegedly more than 4,200 pending cases waiting like unpaid electric bills, newly designated Energy Regulatory Commission (ERC) Chairman Francis Saturnino “Nino” Juan and his fellow Commissioners aren 't walking smoothly into the office. Instead, they 're stepping into a...
SN Aboitiz Power Group (SNAP) is ramping up its efforts to build more renewable energy (RE) projects beyond hydropower assets. In an ambush interview, SNAP President and Chief Executive Officer (CEO) Joseph Yu said that there are more projects in the pipeline, which hold less than 300 megawatts...
