Energy & Mining

First Gen unit submits highest bid for Casecnan Hydroelectric Plant

First Gen Corp., a listed power company of the Lopez group, said Wednesday that its wholly-owned subsidiary Fresh River Lakes Corp. was declared “as...

$600M fresh investments committed under Malampaya contract extension

The Malampaya consortium led by Prime Energy Resources Development B.V. has programmed initial investments of $600 million under the recently renewed Service Contract (SC) 38. Energy...

PERC unit acquiring solar development projects in Luzon

PetroGreen Energy Corp. (PGEC), the renewable energy arm of listed firm PetroEnergy Resources Corp. (PERC), is acquiring solar projects in Luzon. Louie Mark Limcolioc, PGEC...

Mindanao facilities power Alsons 1Q income 67 percent higher

Listed investment holding firm Alsons Consolidated Resources Inc. (ACR) credited its power generation business in Mindanao to the 67 percent rise in net income...

Fuel products price higher after three weeks of rollbacks

After three consecutive weeks of fuel price cuts, the various retailers implement a price hike beginning Tuesday, 16 May.  Seaoil has raised the per liter price of its gasoline...

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