Energy & Mining
Angeles Power secures P2B loan for Tarlac solar project expansion
Angeles Power Inc. (API), parent firm of listed renewable energy player Raslag Corp., has obtained a P2 billion loan from the Bank of the Philippine Islands to fund its 49.9-megawatt Paldo solar facility in Tarlac.
Acwa, Nickel Asia power arm pursue 5,000 MW RE, gas projects in PH
Acwa Power Philippines and Emerging Power Inc. (EPI), the power generation unit of Nickel Asia Corp., have signed a deal to jointly develop up to 5,000 megawatts of renewable energy and natural gas-fired power facilities across the country.
DOE eyes faster permits as EV demand accelerates
The Department of Energy (DOE) is moving to cut red tape for electric vehicle (EV) charging stations, pushing for a joint memorandum circular with key government agencies to dramatically shorten permitting timelines as EV adoption gains momentum nationwide.
Top Line fuels expansion with preferred shares sale
Cebu-based fuel distributor and retailer Top Line Business Development Corp. is tapping the capital markets anew, securing regulatory approval for a preferred shares offering of up to P1.5 billion as it accelerates plans to expand fuel infrastructure and strengthen its position in the Visayas energy market.
SteelAsia speeds up expansion, targets $2B import gap
SteelAsia Manufacturing Corp. is accelerating its expansion program as it pushes to replace imported steel with locally produced alternatives, a strategy that could reduce the Philippines' trade deficit by as much as USSD2 billion once its new facilities are fully operational.
