Energy & Mining
Meralco rejects DOE claim vs its delayed power supply deal
The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”
NGCP disconnects TPVI Naga power plants from grid
Aboitiz Power Corp. said Wednesday that its wholly-owned subsidiary, Therma Power-Visayas, Inc. (TPVI), received confirmation from the National Grid Corp. of the Philippines (NGCP) regarding the disconnection of its power assets in Naga City, Cebu.
President Marcos extends Meralco franchise through 2050
President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.
ACEN Australia secures AUD750M in green financing backed by global lenders
ACEN Australia, a subsidiary of Philippine-listed energy firm ACEN Corp., has secured AUD750 million in debt financing, marking one of the largest green financing deals for renewables in the country to date. The transaction will support both the refinancing of operating assets and the development of new renewable energy projects across Australia.
WawaJVCo powers up pumping station with PrimeRES Deal
WawaJVCo, a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra), has contracted PrimeRES Energy Corp. to supply retail electricity to the Upper Wawa Pumping Station, marking a milestone in the Wawa Bulk Water Supply Project.
