Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year.The company’s cash balance also escalated significantly by 113% to...
Tiu-led Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings Corporation, has inked memorandum of agreement (MOA) with Austrian firm Gugler Water Turbines GMBH (“Gugler”) for targeted 320-megawatt seawater pumped storage hydro projects in the Philippines.
REDC...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year.
Following that level of profitability, the...
CITY OF ILAGAN, Isabela -- San Ignacio Energy Resources Development Corporation (‘San Ignacio’) which is part of the Nextnorth Energy group is developing over 450 Megawatts of solar PV and hydro projects in northern Luzon in a business venture that’s expected to provide employment to roughly...
The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations on the prescribed cut-off date last year.
Energy Secretary Alfonso G. Cusi
The recent...
