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 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 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.
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.
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.