Energy
Powering tomorrow’s ecozones, one grid at a time
The Manila Electric Co. (Meralco), the country’s largest power distribution company, is positioning itself at the center of the Philippines’ next wave of industrial growth after sealing a strategic pact with the Philippine Economic Zone Authority (PEZA).
DOE, Aboitiz Group strengthen ties in clean energy transition
Energy Secretary Sharon S. Garin visited the Makiling-Banahaw (MakBan) Geothermal Power Facility and the Cleanergy Center of Aboitiz Renewables, Inc., highlighting the site’s role in supplying clean and reliable power to Luzon for more than 40 years.
CREC secures ₱3.98-B loan from BPI for Pangasinan solar project
Citicore Renewable Energy Corp. (CREC) has signed a ₱3.98-billion project finance loan with the Bank of the Philippine Islands to help complete its 113-megawatt Citicore Solar Pangasinan 2 project in Binalonan. BPI Capital Corp. acted as the sole lead arranger.
PSALM reviews offers for Agus-Pulangi Hydro privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) said it is evaluating at least two unsolicited proposals to privatize the Agus-Pulangi hydroelectric complex in Mindanao.
More companies join RAP to access preferred power suppliers
Several companies and institutions are forming new partnerships under the Retail Aggregation Program (RAP), which allows smaller electricity consumers to combine their loads and negotiate contracts with preferred suppliers.
