SPC Power Corporation is actively exploring new project acquisitions and developments, including the integration of renewable energy (RE) sources. During the annual stockholders ' meeting on June 11, SPC Power Chairman Alfredo L. Henares stated that the company aims to support the Philippines...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
State-owned Korea Electric Power Corporation (KEPCO) is divesting its thermal assets in the Philippines, primarily its equity in a power generation facility in Cebu province. KEPCO will also be selling its interest in its partnership with SPC Power Corporation. The South Korean firm announced that...
SPC remains bullish on planned RE investments By MYRNA M. VELASCO Despite downturn in financial performance last year, Henares-led SPC Power Corporation has indicated that it is still upbeat on targeted renewable energy (RE) investments as well as battery energy storage system (BESS) installations....
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...
Publicly-listed firm SPC Power Corporation and its affiliate-firm Intrepid Holdings Inc. (IHI) have acquired the 51 percent shareholdings of German firm STEAG GmbH in the 210-megawatt coal-fired power plant in Mindanao in a transaction valued at $52 million. In a disclosure to the Philippine Stock...
Listed firm SPC Power Corporation has asked the Energy Regulatory Commission’s (ERC) to reconsider the P4.024 million penalty it enforced on the forced outages" of its diesel power plant operated by subsidiary SPC Island Power Corporation that breached the limit allowed by the regulatory agency....
The consolidated net income of SPC Power Corporation dipped 14.5-percent to P794.3 million in the first six months of the year from a more robust earnings of P929.0 million in the same period last year. The company said the decline in earnings had been mainly due to the 50-day maintenance shutdown...
The Energy Regulatory Commission (ERC) has shortened to three days or 72 hours – from originally five days or 120 hours –the time threshold on when the secondary price cap (SPC) of P6.245 per kilowatt hour (kWh) shall be enforced in cases of recurring price spikes for traded capacity in the...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
Listed firm SPC Power Corporation is pacing its investment shift into renewables, with targeted solar and hydro projects, as well the deployment of battery energy storage systems. According to SPC Chairman Alfredo L. Henares, the company “has been looking seriously at projects in the solar and...
Filipino-led firm SPC Power Corporation has declared P598.620 million worth of cash dividends to its shareholders that shall be payable before the end of this year. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that the cash dividend was equivalent to P0.40 per...
