The 797-megawatt Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex in Laguna has been formally turned over to the Thunder Consortium, marking a major step in strengthening the country’s power system as more renewable energy comes online.
A group of Philippine power distribution utilities is pushing for the adoption of global best practices to improve the country’s electricity services, as energy systems become more complex and technology-driven.
San Miguel Global Power Holdings Corp., the power generation arm of San Miguel Corp., has approved the issuance of up to P30 billion worth of peso-denominated bonds, underscoring its continued access to capital markets as it expands its energy portfolio.