Energy & Mining
Meralco, San Miguel, Aboitiz complete USD3.3B power deal
Meralco PowerGen Corp. (MGEN), a subsidiary of Manila Electric Co., alongside San Miguel Global Power Holdings Corp. (SMGP) and Aboitiz Power Corp., has successfully closed a USD3.3 billion joint investment agreement.
Meralco refutes overcharging claims, highlights transparency, regulatory compliance
Manila Electric Company (Meralco) firmly denied recent allegations of overcharging, emphasizing its strict compliance with the Energy Regulatory Commission (ERC) regulations.
MIC acquires stake in NGCP, enhancing government influence over power transmission
The Maharlika Investment Corporation (MIC) has secured a 20 percent stake in the National Grid Corporation of the Philippines (NGCP) through a binding agreement with Synergy Grid and Development Philippines Inc. (SGP), marking a pivotal step in the country's energy sector.
Fuel price rollback offers relief to motorists amid global uncertainty
Motorists across the region are presented with much-needed relief as the fuel retailers roll back the price of petroleum products beginning Tuesday morning, marking the first price cut of the year after three consecutive weeks of hikes.
CleanTech Global developing 451 MW solar project in Pangasinan
Renewable energy firm CleanTech Global Renewables Inc. subsidiary Tera Renewables 7 Corp. is pursuing a 451.38 MW solar project in Labrador, Pangasinan, marking a key expansion in the Philippines’ clean energy sector.
