Aboitiz Equity Ventures Inc. (AEV) has consolidated its position as the market leader in the Philippine power generation sector, ahead of four industry rivals through its extensive portfolio of generation companies. The Cebu-based conglomerate, operating through its core energy unit Aboitiz Power...
SP New Energy Corp. (SPNEC) is pursuing its backdoor listing with renewable energy (RE) unit MGEN Renewable Energy Inc. (MGreen), a year after announcing its plans for asset injections. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, June 25, SPNEC said it has approved an...
Manuel V. Pangilinan-led Manila Electric Co.’s (Meralco) solar subsidiary has partnered with two Japan-based companies to develop solar projects for industrial facilities in the Philippines. In a statement on Thursday, June 25, MSpectrum Inc. said it secured a joint venture (JV) agreement with...
Manila Electric Co. (Meralco), the country’s largest power distributor, began the competitive bidding process to secure 600 megawatts of baseload power supply, aiming to safeguard electricity reliability for its growing customer base. In a statement, Meralco said the utility received a...
The Pasay City government has advised residents and businesses in several areas of Barangay Malibay to prepare for a scheduled power service interruption in the early hours of Friday, June 26, due to line reconstruction works along Clemente Jose Street. According to an advisory issued by the Manila...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
After a slight pullback last month, customers should brace for higher electricity prices in June following an upward adjustment in generation charges, according to Manila Electric Co. (Meralco). Meralco said on Thursday, June 11, that it is increasing electricity rates by ₱0.1488 per...
Akbayan Party-list Rep. Chel Diokno has underscored the need for policymakers to assess whether or not the current allocation of pass-through costs remains fair to consumers. Diokno did so as he backed calls from labor and consumer groups to have Congress review the Manila Electric Company...
Nine electric posts in Barangay Tawiran, Obando in Bulacan were knocked down by strong winds at around 3:20 p.m. on Monday, June 1, leaving several areas without power. The Obando local government unit (LGU), led by Mayor Ding Valeda and the Sangguniang Barangay, immediately coordinated with...
Jordan Heading saved the day and helped TNT dispatch Meralco, 97-94, to book its fifth straight Finals appearance in the PBA Season 50 Commissioner’s Cup at the Ynares Center in Antipolo on Sunday, May 31. Playing without import Chris McCullough in the final three minutes, Heading took matters...
In the capital-intensive world of infrastructure in the country, power companies are usually judged by a few hard numbers: megawatts generated, grid efficiency, and the bottom line. But Meralco PowerGen Corp. (MGEN) is trying a different track. The generation arm of the Philippines’ largest...
Chris McCullough exploded for 17 in the final frame as TNT moved one win away from a Finals return following a 103-95 victory over Meralco in Game 5 of their best-of-seven PBA Season 50 Commissioner’s Cup semifinals at the Smart Araneta Coliseum on Friday, May 29. Getting acclimated to his new...
