Energy & Mining
Metrobank supports ACEN renewable energy expansion program with P5B loan
Metropolitan Bank & Trust Co. (Metrobank), one of the country’s largest, has signed a P5 billion loan with ACEN, the listed energy platform of the Ayala group, to fund renewable energy expansion projects across the country.
Six bidders vie for 1,800 MW Meralco requires by December next year
Six power generation companies want a piece of the 1,800 megawatts of electricity that the Manila Electric Co. (Meralco) is sourcing under an ongoing competitive selection process or CSP.
Diesel price eases by P3 per liter as gasoline, kerosene move lower
The cost of petroleum products are set to drop a second time this week beginning past midnight Tuesday.
Fuel retailer spending P1.5B to bulk up its national standing
Fuel retailer Jetti Petroleum Inc. is keen on spending up to P1.5 billion to add more fuel stations to its portfolio over the next two years.
Disallowed expenses further complicate NGCP bookkeeping woes
Apart from having to refund prospectively billions of pesos worth of revenue claims, the National Grid Corporation of the Philippines (NGCP) also face the indignity of reclassifying an undetermined amount of expenses merely because its regulator, the Energy Regulator Commission (ERC), failed to do its mandate.
