Energy & Mining
SMIC bets on renewables, 2GO to drive growth
SM Investments Corp. is looking to renewable energy and logistics to become bigger engines of portfolio growth as the conglomerate prepares for a possible decline in the segment’s contribution after Atlas Consolidated Mining and Development Corp. is transferred to another listed SM entity.
Shell Energy taps two firms for Bataan battery project’s building and operations
Shell Energy Philippines (SEPH) has selected two companies to deliver works and run the proposed 30-megawatt / 60-megawatt hour Hermosa Battery Energy Storage System in Bataan.
ACEN signs P1-billion loan deal with unit; completes Ilocos Norte wind farm upgrade
ACEN Corp., the energy investment arm of the Ayala Group, has entered into a short-term loan agreement of up to P1 billion with its fully owned subsidiary Giga Ace 6 Inc.
SMIC plans mining exit, Atlas stake transfer
SM Investments Corp. (SMIC) is preparing to exit the mining business, with plans to transfer its roughly 34-percent stake in listed Atlas Consolidated Mining and Development Corp. to another listed company within the group next year.
DOE finalizing Semirara Coal bidding rules; domestic supply, gov’t share among key changes
The Department of Energy (DOE) is still completing terms of reference for the new bidding to operate the Semirara coal resource in Antique, coordinating with the finance, economic planning, and environment departments to ensure proper review, Energy Secretary Sharon Garin said late Tuesday.
