Energy & Mining
Petron allots more funds for power project, nearly exhausts bond proceeds
Petron Corp., the country’s largest oil company, has spent nearly all the P17.77 billion it raised from the sale of two series of fixed-rate bonds.
ACEN joint venture acquires Pennsylvania wind farm operator
ACEN Corp., the renewable energy arm of the Ayala Group, said Wednesday that one of its joint venture, UPC Power Solutions, has completed its purchase of EDF Renewables North America.
Japan temps DOE with AI-assisted tech helping regulators manage power outages
An official of the Department of Energy (DOE) said a Japanese company is offering its services for the wider use of artificial intelligence to improve the reliability of the Philippine energy sector.
Fuel retailers hike pump prices a third time this week
The various fuel retailers are raising the price of petroleum products a third time this week beginning early Tuesday.
Meralco unit completes P15.9 billion SPNEC takeover
MGen Renewable Energy Inc. (MGreen), a unit of the Manila Electric Co., on Monday completed its P15.9 billion investment in SP New Energy Corp. (SPNEC), taking a controlling stake at the solar company.
