Energy & Mining
Dominion shareholders clear merger for Tampakan control
Dominion Holdings Inc. (DHI) shareholders approved the company’s merger with Indophil Resources Phils. Inc. and Sonar Holdings Inc., clearing a major corporate hurdle in its bid to gain control of the Tampakan copper-gold project in South Cotabato.
MGEN says Terra Solar 2 project remains preliminary
Meralco PowerGen Corp. (MGEN) said its proposed Terra Solar 2 project remains in the early stages of evaluation, tempering earlier reports of a potential expansion of its large-scale renewable energy portfolio.
BIR removes VAT on electricity system loss charges
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.
Bishops oppose SOCOTECO II-Ignite power deal, seek board suspension
Catholic bishops have joined mounting opposition to the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power and Energy Holdings, urging the Ombudsman to suspend cooperative board members facing complaints over the controversial deal.
Alsons Power expands Visayas footprint with Cebu deal
Alsons Power Group is pushing deeper into the Visayas, winning Japanese-affiliated manufacturer Makoto Metal Technology Inc. (MMTI) as a retail electricity customer for its two plants in Cebu.
