Razon-led Prime Infrastructure Capital Inc. has started its tendering process for the engagement of an engineering, procurement and construction (EPC) contractor for its P200-billion Terra Solar farm project being targeted for commercial streaming starting 2026. "We are currently in the process of...
WawaJVCo Inc., a joint venture of Prime Infra and San Lorenzo Ruiz Builders and Developers Group, has started commercial operations of the first phase of its Bulk Water Supply Project. In a statement, Prime Infra of tycoon Enrique Razon Jr. said Phase 1 is designed to deliver an initial 80 million...
Bloomberry Resorts Corporation, owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a consolidated net profit of P4.0 billion for the first nine months this year, a reversal from the net loss of P3.0 billion in the same period last year. “Against a global...
BDO Unibank is providing financial support to critical water infrastructure projects of San Miguel Corporation’s Luzon Clean Water Development Corporation (LCWDC) and Razon Group’s Wawa Bulk Water Supply Project. In a statement, the bank said its “unwavering support to these initiatives...
Malampaya Energy XP Holdings (MEXP), a subsidiary company of Udenna Corporation of businessman Dennis Uy, does not hold any firm interest yet on the 45-percent operating stake in the country’s commercial gas field because its acquisition deal with Shell Philippines Exploration B.V. (SPEX) had not...
Billionaire Enrique K. Razon Jr. has tapped Sebastian C. Quiniones Jr., former managing director of Shell Philippines Exploration B.V. (SPEX), to become the general manager of his upstream oil and gas business under Prime Exploration Pte. Ltd. effective August 17 this year. Prime Exploration is the...
A ranking in Forbes Asia magazine’s August issue showed the Sy siblings remaining the richest family in the Philippines while Manuel B. Villar Jr. is still the country’s wealthiest individual. For this year, Forbes Asia noted that the combined wealth of tycoons on the list of Philippines’ 50...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a turnaround with an unaudited consolidated net income of P2.5 billion in the first six months of 2022 from its net loss of P1.9 billion in the same period last year. In a disclosure to...
As issues are raised that businessman Dennis Uy cannot legally sell the 45 percent operating stake in the Malampaya project because its deal with Shell Philippines Exploration B.V. (SPEX) was never consummated, Energy Secretary Raphael Perpetuo M. Lotilla is taking a hands-off position and will let...
Prime Exploration Pte. Ltd., a subsidiary of Razon-led Prime Infrastructure Capital Inc. (Prime Infra), announced its acquisition from Udenna Corporation of businessman Dennis Uy the 45 percent operating stake in the depleting Malampaya gas field asset. In a statement to the media, Prime...
Power utility giant Manila Electric Company (Meralco) formally slates the "competitive challenge" for the 500-megawatt renewable energy (RE) capacity that will partly address its requirement for mid-merit capacity. Interested bidders will challenge the unsolicited proposal originally submitted by...
Ahunan Power Inc., a subsidiary of Razon-led Prime Infrastructure Capital Inc., has proposed a power supply agreement (PSA) with the Manila Electric Company (Meralco) to deliver 500 megawatts of mid-merit power capacity from a pumped storage hydropower facility. In a statement to the media, Ahunan...
