Meralco draws 8 bidders for 600-MW baseload supply
MANILA, Philippines — Eight companies have expressed interest in the 15-year power supply agreement (PSA) for Manila Electric Co.’s (Meralco) 600 megawatts (MW) of baseload supply.
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Rubio takes helm as MGen president/CEO
MANILA, Philippines — Veteran power energy executive Emmanuel Rubio is taking the reins at Meralco PowerGen Corp. (MGen) as its new president and CEO effective today.
Meralco-Batelec JV gains traction
MANILA, Philippines — A proposed joint venture between Manila Electric Co. (Meralco) and electric cooperatives in Batangas has received support from at least 18 mayors in the province.
Oil price hike set for third straight week
MANILA, Philippines — Oil companies are set to raise fuel prices on July 2, marking a third straight week of increases.
ACEN spends P1.2 billion for Zambales solar venture
MANILA, Philippines — ACEN Corp. is spending the remaining proceeds of a preferred share offering to power the development of eligible green projects in Central Luzon.
Greenergy caps investment in RE unit after SEC nod
MANILA, Philippines — Listed Greenergy Holdings Inc. has completed its P480-million investment into subsidiary Winsun Green Ventures Inc. (WGVI) following regulatory approval on the latter’s capital stock hike.
Another round of oil price hikes next week
MANILA, Philippines — Another round of oil price hikes is projected for next week, with diesel expected to have the biggest adjustment.
Power interruptions set in Metro Manila, provinces
MANILA, Philippines — Manila Electric Co. (Meralco) has announced power interruptions in Metro Manila and nearby province due to maintenance activities.