Energy & Mining
SMC unit redeploys capital via Meralco stake sale, shifts focus to renewables
San Miguel Global Power Holdings Corp. (SMGP) is unlocking value from its long-held Meralco minority stake, selling the shares to Metro Pacific Investments Corp. (MPIC) to free up capital for renewable energy projects and align resources with businesses where it holds direct operating control.
Anya Resort Tagaytay goes fully renewable, partners with First Gen for geothermal power
Award-winning luxury property Anya Resort Tagaytay has switched entirely to renewable energy, sealing a deal with First Gen Group to power its entire estate with clean geothermal supply as it marks its ninth year of operation.
Strict new bidding rules threaten operations at Semirara coal mine, SMPC warns
Strict new bidding conditions established for the Semirara coal mine risk halting operations altogether by next July, threatening both national energy supplies and public revenues, according to current operator Semirara Mining and Power Corporation (SMPC).
Gov’t steps up El Niño readiness for power sector; price hikes seen
The Department of Energy (DOE) has begun firm preparations to safeguard the country’s power system against the projected Super El Niño, which may push electricity rates higher alongside tighter supply.
PH targeted as regional SAF hub; 1% blend mandate by 2030 proposed
The Department of Energy is pushing to make the Philippines a regional sustainable aviation fuel (SAF) production hub, with a proposed one percent blending mandate by 2030 to build demand and attract investment.
