Energy & Mining
Alternergy secures P1B financing for Bataan solar project
Alternergy Holdings Corp. has secured a P1 billion senior term loan from Rizal Commercial Banking Corp. (RCBC) to fund the construction of its 28 MW Balsik solar power project in Hermosa, Bataan.
Meralco secures financial closure for 550-MW Pangasinan solar project
Manila Electric Co. (Meralco) subsidiary MGen Renewable Energy Inc. (MGreen) and its foreign partner Vena Energy have successfully secured financial close for the 550-megawatt (MW) Bugallon Solar Power Project in Pangasinan, marking a significant step forward in the country's renewable energy sector.
Aboitiz Solar powers cement industry green shift
Aboitiz Upgrade Solar Inc. (AUSI), a partnership between Aboitiz Power Corp. and Upgrade Energy Philippines, has entered into a pivotal long-term solar power purchase agreement (PPA) with Republic Cement & Building Materials Inc. (RCBM).
Fuel prices surge again: Second consecutive weekly increase
Fuel prices have risen for the second week in a row, signaling ongoing pressure from tightening global oil supplies and increasing demand.
Meralco cuts power rates in January, offering savings for residential consumers
Manila Electric Co., the country’s largest power distributor, said Monday power rates in January will be reduced, offering some relief to residential customers amid ongoing economic challenges.
