First Gen Corp. subsidiary First Gen LNG Holdings Corp. has taken Tokyo Gas Co. Ltd. as shareholder in a series of transactions that allow the Japanese company to acquire 20 percent of FGEN LNG.
Manila Electric Co. said Tuesday it recently energized a new, P450-million substation in Batangas City to meet the growing demand for power and help accelerate economic development in the bustling port city.
Luzon and the Visayas on Monday were placed under yellow alert beginning 8 a.m. as 46 power plants were on forced outage or compelled to de-rate, resulting to capacity loss of 2,594.2 megawatts.
Megaworld Corp., the listed property development arm of tycoon Andrew Tan, said Monday it has achieved “carbon neutrality” for all its 52 office and shopping mall developments across the country with the recent shift to renewable energy power sources.
The Department of Energy (DOE) plans extending power plants longer maintenance shutdowns than are allowed at present to help generation companies perform better and avoid more frequent outages in the future.