The renewable energy arm of the Manila Electric Company (Meralco) said that its TerraSolar project, a joint venture with Terra Solar Philippines, Inc., is moving ahead faster than expected. In a briefing, Emmanuel Rubio, Meralco PowerGen Corporation (MGen) president and chief executive...
SP New Energy Corporation (SPNEC), a subsidiary of the Meralco Group, is shelling out P8.93 billion for the acquisition of additional stake in Terra Solar Philippines Inc. and Terra Nueva Inc. In a regulatory filing on Thursday, Oct. 10, SPNEC said its board of directors approved the subscription...
Project sponsor-firm MGen Renewable Energy Inc. (MGreen), which is a subsidiary of Meralco PowerGen, has cemented a deal with affiliate Meralco Industrial Engineering Services Corporation (MIESCOR) for some construction components in the conglomerate’s $4.0 billion Terra Solar project. In a...
All questions surrounding the sunken and capsized vessels that caused massive oil spill in Bataan and nearby cities will be investigated, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. leads the distribution of assistance to fishermen affected by the oil spill in Navotas on Sept....
Several Chinese companies have been shortlisted by SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) Group for soon-to-be awarded contracts on the supply of photovoltaic (PV) modules and energy storage systems (ESS) for the $4.0 billion Terra solar project, an expansive...
London-headquartered private equity firm Actis is injecting colossal investment of $600 million (approximately P34 billion) for its 40 percent equity acquisition in the $4 billion Terra Solar project being advanced to commercial fruition by SP New Energy Corporation (SPNEC) of the Manila Electric...
Fisherfolk, who were affected by the massive oil spill from the sunken motor tanker Terra Nova in Bataan, were assured of just compensation after taking the hit from the oil spill that halted their livelihood. Fisherfolk, affected communities, and environmental groups marched to the Philippine...
Claim centers would be set up in areas affected by the oil spill, the owner of the ill-fated motor tanker (MT) Terranova said on Wednesday, August 14. Valeriano del Rosario, legal counsel of the owner of the MTKR Terranova, told the Senate Committee on Environment and Natural...
The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
Senate Majority Leader Francis Tolentino has announced that the Senate investigation on the oil spill caused by the MT Terranova will be conducted on August 13. (Photo from the Office of Senate Majority Leader Francis Tolentino) Tolentino filed last week Senate Resolution No. (SRN) 1084, which...
Senate Majority Leader Francis Tolentino has filed a resolution directing the Senate Committee on Environment, Natural Resources, and Climate Change to conduct an inquiry in aid of legislation on the oil spill from MT Terra Nova in Limay, Bataan. Senate Majority Leader Francis ‘Tol’ Tolentino...
(NOEL PABALATE/MANILA BULLETIN FILE PHOTO) A Department of Social Welfare and Development (DSWD) executive on Thursday, Aug. 1 assured that the agency is ready to provide various support services to fisherfolk affected by the MT Terra Nova oil spill. In a media forum, DSWD-Program Management Bureau...
