Energy & Mining
CREIT earns P686M, sees renewable energy growth
Citicore Energy REIT Corp. (CREIT), the Philippines’ first renewable energy real estate investment trust, posted P686 million in net income in the first half of 2026 as built-in lease escalations across its solar land portfolio supported recurring earnings.
SOCOTECO II members to vote on IGNITE Power deal next month
Members of the South Cotabato II Electric Cooperative (SOCOTECO II) are scheduled to vote on a proposed joint venture with power firm IGNITE Power in a monthlong plebiscite to decide the future of the cooperative supplying power to General Santos, Sarangani and parts of South Cotabato.
Meralco boosts reliability with new Bulacan substation
Manuel V. Pangilinan-led Manila Electric Co., better known as Meralco, has energized a new substation in Bulacan, expanding system capacity and strengthening power reliability in one of Central Luzon's fast-growing provinces.
Apex Mining profit surges as gold prices soar
Apex Mining Co. Inc. posted a sharp jump in first-half profit as surging gold and silver prices more than offset lower production volumes, underscoring how precious-metal prices are reshaping the economics of mining operations.
Gov’t pushes to strip systems loss charges from power bills, balancing consumer relief and utility risks
Energy policy craftsmen are actively working to fulfill President Ferdinand Marcos Jr.’s directive to eliminate system loss charges from monthly electricity bills, pursuing a sustained policy push aimed at lowering energy costs across the country. The initiative targets both technical losses inherent in power distribution and non-technical losses caused by electricity theft, alongside the value-added tax (VAT) currently applied to these unconsumed kilowatt-hours.
