Repower Energy Development Corp. (REDC) reported a surge in net income for the first quarter, fueled by the strong performance of its mini run-of-the-river hydropower plants. In a disclosure to the Philippine Stock Exchange on Wednesday, May 15, REDC, a subsidiary of Pure Energy Holdings Corp.,...
Repower Energy Development Corp. (REDC) said it plan to construct the country's first seawater pump storage hydropower facility in Real, Quezon after being granted a Hydropower Service Contract from the Department of Energy (DOE). In a disclosure to the Philippine Stock Exchange, the subsidiary of...
Repower Energy Development Corp. (REDC) and the National Irrigation Administration (NIA) signed a memorandum of understanding (MOU) for possible hydropower facilities in Quezon, Camarines Sur, and Bohol. In a statement, REDC said that the hydropower unit of Pure Energy Holdings Corp. has received...
Lopez-led First Gen Corporation will be turning the stretch of its hydropower complex in Pantabangan, Nueva Ecija as a ‘mecca of green energy’, with new sites around the area already tagged for its planned solar and wind farm installations that will be amalgamated with battery energy storage...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
(Third from left) 4Ps Party-list Rep. Marcelino Libanan (Libanan's office) House Minority Leader 4Ps Party-list Rep. Marcelino “Nonoy” Libanan is hopeful that the revival of the 1MW Amanjuray Hydropower Plant in Eastern Samar will help ease the...
Power supply in the country will be shored up by 3,309 megawatts this year from new generating facilities; plus 334 megawatts that shall be drawn from battery energy storage systems (BESS), according to the Department of Energy. As culled from the department’s data, bulk of the capacity additions...
The Energy Regulatory Commission (ERC) will issue ‘green energy tariff” that shall serve as the basis for the acceptable price tender for the 4,199 megawatts of non-feed in tariff (non-FIT) renewable energy (RE) capacities that shall be offered this year by the Department of Energy (DOE) under...
Japanese firm Tokai Corporation is beefing up its shareholdings in Filipino-listed firm Repower Energy Development Corporation (REDC), which is into development of various renewable energy (RE) projects in the country. Tokai first subscribed into 65 million common shares of REDC, and that warranted...
State-run National Power Corporation (NPC) is eyeing to expand its cooperation with Korea Water Resources Corporation or K-Water, primarily on the sphere of dam safety – given that sizeable pie of the country’s power supply is still drawn from hydropower facilities. The planned expanded...
Renewable energy firm SN Aboitiz Power Group (SNAP) has cemented a deal with state-run National Power Corporation (SNAP) for the adoption of a 1,000-hectare watershed area, which is within 2.5-kilometer radius of the reservoir underpinning the former’s 252.5-megawatt Ambuklao-Binga hydropower...
With sustained uptick in its energy sales, the net income of Alsons Consolidated Resources Inc. (ACR) had climbed to P1.8 billion within January to September this 2023, posting 32-percent escalation from a relatively moderate pace of P1.35 billion earnings last year. Given such uptrend in its...
