Energy
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...
ERC declares COA national agency champion for net metering
More participants are seen joining the so-called net-metering program as the Energy Regulatory Commission (ERC) recognized the Commission on Audit (COA) a national agency...
