Energy & Mining
ACEN set to announce more overseas RE projects
ACEN Corp. continues to expand its portfolio of renewable energy (RE) projects abroad with plans for more such projects in six to nine months...
‘It’s more expensive buying existing facilities than build new power plants’
Semirara Mining and Power Corp. (SMPC) would rather restart the development of aborted power projects than acquire existing facilities which are sold at prohibitive prices.
“We...
Oil import bill in 2022 up 64 percent to $19-B
The country's net oil import bill last year grew 64 percent to $19.02 billion from only $11.57 billion the year before, according to data from the Department of Energy (DOE).
The...
PLDT, Smart seek First Gen in RE supply deal
PLDT Inc. and its wireless unit Smart Communications Inc. have contracted First Gen Corp. to supply its units across the Visayas with 3.7 megawatts of...
SMPC now qualified to bid for privatization of N. Ecija hydro plant
After an initial rejection, the Power Sector Assets and Liabilities Management (PSALM) Corp. on Thursday added Semirara Mining and Power Corp. (SMPC) as bidder...
