Barely two weeks after its initial public offering (IPO), Citicore Energy REIT Corporation (CREIT) has declared cash dividend of P0.035 per share; and it is expecting that to increase to P0.18 per share for year 2022. The initially declared cash dividend represents 102-percent of the estimated P229...
Citicore Renewable Energy Corporation (CREC) has sealed a new three-year power supply agreement (PSA) with Cogent Energy, the retail electricity supplier (RES) unit of Clark Electric Distribution Corporation (CEDC). CEDC, a subsidiary of Manila Electric Company (Meralco), is the power distribution...
Citicore sets P70-B capital outlay By MYRNA M. VELASCO Citicore Renewable Energy Corporation (CREC) will be injecting capital outlay of P70 billion for the 1,500-megawatt renewable energy (RE) capacity buildup that it will be implementing over the next five years. In a briefing with the media, CREC...
Citicore Renewable Energy Corporation (CREC) has broadened its customer-base by roughly 250 percent as it industrial and other big-ticket power users under the competitive retail market. The company said the power supply agreements (PSAs) it has been underwriting are cornered via its subsidiary...
The real estate investment trust (REIT) offering of Citicore Energy REIT Corporation (CREIT), which will debut this week at the Philippine Stock Exchange (PSE), has been oversubscribed across all tranches, including with the small local investors (LSI), trading participants and institutional...
Shell Energy Philippines Inc. (SEPH) has renewed its power supply agreement with Citicore Energy REIT Inc. (CREIT) and Citicore Renewable Energy Corp (CREC), enabling the former to continually source RE-generated capacity from the portfolio of solar plants of the Citicore group. Apart from the...
Citicore Energy REIT Corporation (CREIT) has firmed up its initial public offering (IPO) price at P2.55 per share after it received its permit to sell (PTS) from the Securities and Exchange Commission (SEC) on Wednesday, Feb. 2, for its float of 2,181,819,000 common shares, with an over-allotment...
Citicore Energy REIT Corporation (CREIT), a subsidiary of Citicore Power Inc., is expected to corner ‘strong interest’ on its real estate investment trust (REIT) listing, wich will be the first for such asset class in the renewable energy (RE) industry to be undertaken. According to Ben Thomas...
The Citicore Energy REIT Corporation (CREIT), the real estate investment trust (REIT) arm of Citicore Power Inc., scored the highest ‘dark green rating’ in a sustainability-linked assessment carried out by Norwegian firm Cicero Shades of Green (Cicero Green). Cicero Green is a subsidiary of...
Citicore Power Inc. has cemented at least three new contracts in power retailing, a policy regime in the power sector that empowers customers to choose its preferred power supplier. Via its retail supply arm Citicore Energy Solutions Inc. (CESI), the Megawide-affiliated power company indicated that...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
With the race for ‘green investments’ building up in the country, Citicore Power Inc. is also bent on accelerating its renewable energy (RE) installations with a target of 1,500 megawatts (MW) in the next four years. The company, which is affiliated with the Megawide group, is eyeing to shore...
