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Friday, 02 May 2025, 3:49 pm

    Energy

    NGCP warns of possible post-Lent outages given thinning power reserves

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    The National Grid Corporation of the Philippines (NGCP) appealed for policy makers quickly to adopt demand-side management strategies helping mitigate or avert power supply issues as the cool Christmas climes transition to the hot summer months up ahead.

    Vince Perez unit secures additional wind energy service contract

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    The Pililla AVPC Corp. (PACO), subsidiary wind energy unit of Alternergy Holdings Corporation led by businessman Vince Perez, has exclusive rights to explore, develop and utilize wind resources in the Tablas Strait separating Oriental Mindoro and Antique.

    DOE in awe of UK OSWs turning in profits on generation charge three times lower than Meralco’s, yet remaining viable

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    It is possible for domestic offshore wind projects (OSWs) to turn a profit and remain viable as a business by seeking significantly lower generation...

    Suspended renewable energy tariff collection in place six more months

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    The Energy Regulatory Commission (ERC) has extended the suspension of the collection of feed-in-tariff allowance (FIT-All) for another six months starting March 2023 until August 2023.

    PERC secures P1.8B funding for Aklan wind project expansion

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    Petro Energy Resources Corp. (PERC) subsidiary, Petro Wind Energy Inc. (PWEI) has taken out a P1.8 billion loan from the Development Bank of the Philippines (DBP) for the construction and development of the 13.2 megawatt MW Nabas-2 power project in Aklan.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Concreat Holdings expands cement output by 26%

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    Concreat Holdings Philippines Inc., a majority-owned subsidiary of DMCI Holdings, said the new production line at its Solid Cement Plant in Antipolo City became fully operational in April. The expansion boosts annual capacity by 26 percent to 7.2 million metric tons.
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    Higher interest income lifts Chinabank 1Q profit

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    China Banking Corp., the country’s 6th largest lender by assets, sustained its strong performance in the first quarter, with higher interest income and continued loan expansion fueling a 10 percent growth in net income to P6.5 billion.
    Corporate

    PGMC ships first nickel ore of 2025

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    Platinum Group Metals Corp. said it has dispatched its first nickel ore shipment for 2025, kicking off a promising operational year for the mining arm in Surigao del Norte of diversified and listed conglomerate Global Ferronickel Holdings, Inc. 
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