The expanded 184-megawatt on-the-fence power plant of Petron Corporation, to be completed this year, is seen to improve the operational efficiency of its petroleum refinery in Limay, Bataan which has a capacity of 180,000 barrels per stream day. According to the giant oil firm, this “will allow...
Listed firm SPC Power Corporation, through its affiliate-firm Intrepid Holdings Inc. (IHI), has terminated its sale and purchase agreement (SPA) with German firm STEAG GmbH, aborting the former’s plan to acquire majority shareholdings in the 232-megawatt Mindanao coal-fired power facility sited...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has engaged multinational consulting firm PricewaterhouseCoopers (PwC) for a third party valuation that will serve as a "pricing anchor" for the privatization of the 165-megawatt Casecnan multi-purpose hydropower facility....
Ayala-led ACE Enexor Inc. is finalizing plans on its acquisition of 50 percent stake in the Batangas Clean Energy Inc. (BCE), the corporate vehicle of the integrated liquefied natural gas (LNG) import terminal and power project initiated by the Lucio Tan group and approved by the Department of...
The newly commissioned 23.3-megawatt diesel-fed power plant of Isla Norte Energy Corporation (INEC) of the Vivant group will finally end the electricity supply disruptions tormenting residents and businesses in Bantayan island, one of the known tourism pivots of the country. According to INEC, the...
While most Malls all over the country have spent the last few days with their Christmas tree launchings, and kicked off their holiday season promotions; leave it to the ultimate upscale Mall, Rockwell Land’s Power Plant in Makati, to do things quite differently, and have three big Christmas trees...
As we slowly recover and open up our consumer-driven economy, it’s a given that the Malls will play a major role in bringing a sense of resiliency and normalcy back. So a major pressing concern for the public will always be how safe is the Mall. Local LGU’s, working with the DTI (Department of...
