The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
Greenlight Holdings Inc. secured a ₱9.36 billion senior term loan facility to fund the ongoing construction of its 240-megawatt-peak San Isidro Leyte Solar Power Project. In a statement, Greenlight said t he joint-venture developer obtained the project finance package from China Banking Corp....
Manila Electric Co. (Meralco) is seeking regulatory approval to return approximately ₱9 billion to its customers, adding to an existing multi-billion peso refund program aimed at easing the burden of high electricity costs. In an interview, Ronald Valles, Meralco head of regulatory management,...
The Malampaya Phase 4 (MP4) project is advancing at a steady clip with subsea pipelaying and offshore construction activities now in full swing offshore Palawan, according to Prime Energy Resources Development NV. In a statement on Tuesday, May 5, Prime Energy said that this development follows a...
The government is ordering its agencies to surrender unspent funds from last year’s budget to bankroll a multi-sectoral relief package, as the Marcos administration scrambles to address the deepening energy crisis. Budget Secretary Rolando U. Toledo issued National Budget Circular No. 603-2026 on...
Manila Electric Co. (Meralco), the country’s largest power distributor, saw its first-quarter profit growth drift lower as unseasonably cool weather and global geopolitical tensions stifled energy demand. In a media briefing on Monday, May 4, Betty C. Siy-Yap, Meralco senior vice president and...
Meralco PowerGen Corporation (MGEN) affirms its continued commitment to strengthening the country’s energy security through a diverse and forward-looking capacity strategy that aligns with evolving national policy directions amid rising global fuel costs and supply uncertainties. As the...
“There’s no place like home” is more than a familiar phrase—it reflects a growing tension between development and responsibility. In the Philippines, where infrastructure expansion continues at a rapid pace, that tension is visible in the intersection of urban growth, environmental risk,...
ACEN Corp. is expanding its credit support for domestic projects as it nears a critical midterm capacity target. ACEN said it secured two separate loan agreements totaling ₱3.85 billion to fund a wind farm in Quezon province and a battery storage site in Zambales. ACEN said that it entered into a...
State-run pension fund Government Service Insurance System (GSIS) has launched a new loan facility to help members reduce daily transportation costs by financing bicycles and electric mobility devices. In a statement on Monday, May 4, GSIS said it rolled out the Ginhawa Bike and E-Mobility Loan...
ACEN Corp. is keeping a close watch on the potential integration of nuclear energy into the Philippine power mix, evaluating how the emerging technology might influence the country’s future energy landscape. While the energy arm of the Ayala Group has built its reputation as a pure-play renewable...
While insisting that the coal moratorium stays, Energy Secretary Sharon Garin indicated that the Department of Energy (DOE) is giving the country’s aging coal plants a not-so-gentle performance review—especially those that keep “calling in sick” through repeated forced outages that strain...
