Energy & Mining
ACEN signs P1-billion loan deal with unit; completes Ilocos Norte wind farm upgrade
ACEN Corp., the energy investment arm of the Ayala Group, has entered into a short-term loan agreement of up to P1 billion with its fully owned subsidiary Giga Ace 6 Inc.
SMIC plans mining exit, Atlas stake transfer
SM Investments Corp. (SMIC) is preparing to exit the mining business, with plans to transfer its roughly 34-percent stake in listed Atlas Consolidated Mining and Development Corp. to another listed company within the group next year.
DOE finalizing Semirara Coal bidding rules; domestic supply, gov’t share among key changes
The Department of Energy (DOE) is still completing terms of reference for the new bidding to operate the Semirara coal resource in Antique, coordinating with the finance, economic planning, and environment departments to ensure proper review, Energy Secretary Sharon Garin said late Tuesday.
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.
