The proposed coal-fired power plant project of Chinese firm Kingstone Energy is not in the “indicative” or “committed” list of projects of the Department of Energy (DOE), hence, that could warrant its ultimate disqualification from the competitive selection process (CSP) of Manila Electric...
Gary Valenciano Mr. Pure Energy, Gary Valenciano woke up feeling better last Tuesday, Feb. 16 coming off from a high blood sugar level the previous day. Valenciano immediately tweeted about this, saying: "Woke up early today feeling much much better!!! Thanks to all who showed concern. Sugar was at...
Mining operations within the Marikina River Basin should not be blamed for the massive flooding that engulfed some parts of Marikina and Rizal province during the onslaught of Typhoon Ulysses, the deadliest and most destructive typhoon to hit the country in 2020. This was indicated in the recent...
Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to...
AC Energy Corporation (ACEN), the energy investment platform of the Ayala group, is queuing up to 2.0 billion primary shares for its follow-on offering (FOO) that shall be priced at P6.00 to P8.20 per share. The company said its FOO had already been green-lighted by its Executive Committee, upon...
Ayala-led AC Energy Corporation (ACEN) will be completing its series of P30 billion worth of equity-based fund raising activity by concretizing the third leg via a follow-on offering (FOO) this year. In a briefing with reporters, AC Energy President and CEO Eric T. Francia noted that the P30...
The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion. During the formal listing of ACEN’s stock rights offer at the local bourse, Philippine...
Karen Ibasco Celebrities who are also climate action advocates recount their “green” efforts to help save energy and throw support behind R.E.START, the Renewable Energy Transition Awareness campaign of Oxfam Pilipinas. R.E.STARTis mounted in collaboration with WWF-Philippines 2020, the Asian...
The Philippine subsidiary of energy giant Royal Dutch Shell is stepping up on its diversification in power, with the launch of a new corporate vehicle – the Shell Energy Philippines Inc. - that will focus on investments in electricity generation sub-segment of the energy sector. “As we continue...
Ayala-led firm AC Energy Philippines Inc. (ACEN) is accelerating the offer period for its stock rights offering (SRO) that will cover the issuance of 2,267,580,434 shares. In an updated disclosure to the Philippine Stock Exchange (PSE), the company indicated that its offer period will start on...
Arran Investment Pte. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC Private Limited, has formalized its 17.5-percent equity acquisition in AC Energy Philippines Inc. (ACEN), a deal which primarily covered P20 billion private placement as part of the ownership take. GIC’s entry...
The Philippine Stock Exchange is cautiously optimistic that the local stock market will perform better in 2021 and expects at least 10 companies to raise funds via the bourse through public offerings of stocks. “For 2021, we look forward to a better market performance on expectations that...
