Energy & Mining

ACEN Corp., the listed green energy arm of the Ayala Group, has secured a project finance term loan worth INR7.517 billion to fund the development of its Bijapur Wind project in Karnataka, India, marking another step in its regional expansion.

The Asian Development Bank (ADB) on Tuesday announced a broad financial support package aimed at helping developing member countries (DMCs) cushion the economic fallout from the escalating conflict in the Middle East.

The Consunji-led DMCI Holdings Inc. is facing growing concerns over a possible oil shortage, as several suppliers have backed out and remaining ones cannot guarantee deliveries starting April.

Smart Communications, Inc. has partnered with EdgePoint Towers Inc. to deploy solar-powered telecom towers across the country, starting with 20 sites in off-grid and underserved areas.

Residents of Laiya, a popular tourist draw in San Juan, a town at the edge of Batangas province, are calling on BATELEC II to allow Manila Electric Co. to assist in providing reliable electricity service to unlock the seaside community’s full economic potential.