Energy & Mining
ADB, PH in talks for power grid upgrade loan
The Asian Development Bank (ADB) confirmed it is in discussions with the Philippine government for a possible loan to enhance the country’s power transmission network.
Gov’t eyes more incentives for geothermal projects
The Department of Energy (DOE) is preparing a new bill aimed at attracting more investment in geothermal power projects in the Philippines, Energy Secretary Sharon Garin said on Tuesday during the Singapore International Energy Week.
Leviste completes P13.76-B SPNEC shares sale to Meralco
SP New Energy Corp. (SPNEC) founder Leandro Leviste has completed the sale of another 10.83 billion shares in the company to Manila Electric Co. (Meralco) for ₱13.76 billion, finalizing his planned divestment of part of his stake.
AboitizPower profit climbs in 3Q on strong hydro, higher margins
Aboitiz Power Corp., the power generation and distribution unit of the Aboitiz Group, posted a net income of P10.6 billion in the third quarter, a 5 percent gain from the year-earlier period, driven mainly by improved margins from its generation segment.
PH eyes power grid link with Malaysia – DOE
The Philippines is in talks with Malaysia for a possible interconnection of their power grids, which could mark the country’s first link to a regional electricity network, Energy Secretary Sharon Garin said on Monday.
