Energy
ACEN Building 60MW Solar Farm In Pangasinan, Takes Stake In SP New Energy
ACEN, the listed energy company of the Ayala Group, will soon begin building the 60-megaWatt Pangasinan Solar farm, the listed power firm’s first development in the province and the second solar farm to start a major construction this year.
300 MW Meralco, AboitizPower EPSA ends
The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
ACEN acquires 500 million shares in SPNEC
Ayala Corp.’s energy arm ACEN Corp. approved on Wednesday the acquisition of 500 million common SP New Energy Corp. (SPNEC) shares, making ACEN five-percent owner...
ACEN starts building 300MW solar farm in Zambales
ACEN, the listed energy platform of the Ayala Group, will increase its power generation capacity with the development of a new 300-megawatt solar farm, called Palauig 2 Solar, in Zambales at a cost of P16 billion.
DOE greenlights Philodrill stake hike in Galoc oil field
The Department of Energy (DOE) on Tuesday approved Philodrill Corporation’s increased participation in the Galoc oil block under government service contract (GSC) 14C1.
Philodrill hiked its...
