Energy & Mining
WESM power rates surge 25 percent in April
The price of electricity at the Wholesale Electricity Spot Market (WESM) in April increased has increased, based on initial estimates made by the Independent Electricity Market Operator of the Philippines (IEMOP).
Meralco rates likely adjust higher in May
The Manila Electric Co. (Meralco) on Thursday dropped hints of another upward adjustment in the cost of electricity within its franchise area.
China, Singapore pursuing wind power project in Laguna
China's leading wind turbine manufacturer Goldwind and Singapore-headquartered The Blue Circle (TBC) are to pursue the development of the 100.8-megawatt Kalayaan 2 wind project in Laguna.
Alternergy board green lights P4-billion loan bid from undisclosed lenders
The board of directors at Alternergy Holdings Corp. has approved its bid to secure up to P4 billion worth of loans from lenders to support the construction of the company’s new renewable power projects this year.
ACEN Corp. 1Q net income rises 34% to P2.7 billion
ACEN Corp. on Wednesday reported a 34 percent jump in consolidated net income in the first quarter this year to P2.7 billion versus last year's P2 billion, driven higher by the 49 percent surge in the company's renewable energy output.
