Energy
Fresh gas find re-energizes Philippine power sector
President Ferdinand Marcos Jr. announced the country’s first major natural gas discovery in more than a decade, a find that could extend Malampaya’s life and steady electricity supply.
CREC sets $2B capex for 2026, flags weak peso as risk
Citicore Renewable Energy Corp. (CREC) has set aside up to $2 billion in capital spending for 2026, double last year’s roughly $1 billion budget, as it ramps up renewable energy and battery storage projects.
Big power groups jostle for Meralco’s 200MW RE
Major power generation groups are emerging as key contenders in Manila Electric Co.’s (Meralco) Competitive Selection Process (CSP) for its 200-megawatt renewable energy (RE) baseload supply, highlighting how established energy players are positioning themselves for long-term clean power contracts.
DOE to decide on Semirara’s bid to extend coal mining contract
The Department of Energy (DOE) will decide within the first quarter whether to grant Semirara Mining and Power Corp. (SMPC) a 13-year extension of its coal operating contract in Semirara Island, Antique.
SMC power unit to issue up to $300M in capital securities
San Miguel Corp.’s power generation arm, San Miguel Global Power Holdings Corp., has approved the issuance of up to $300 million worth of senior perpetual capital securities.
