Energy & Mining
Over 4,000 MW of capacity under GEA-3 set for auction this year
The Department of Energy (DOE) said Monday it will proceed with the third round of the Green Energy Auction (GEA-3) involving 4,399 megawatts (MW) of capacity.
Petroleum prices retreat after five weeks of hikes
The various fuel retailers have cut the cost of petroleum products sold at the pumps after five weeks of increases.
MGreen buys more SPNEC shares
MGen Renewable Energy Inc. (MGreen), a unit of publicly-listed power distributor Manila Electric Co., has acquired 2.17 billion SP New Energy Corp. (SPNEC) shares from its parent Solar Philippines Power Project Holdings Inc. for P2.5 billion.
Higher generation charge push February power rates up; FIT-All collection resumes
The Manila Electric Company (Meralco) on Thursday announced an upward adjustment of P0.5738 per kWh in the February electricity rate. This brings the overall rate for a typical household to P11.9168 per kWh this month from P11.3430 per kWh in January.
Tokai eyes further 10% stake in Repower Energy; may trigger tender offer
Repower Energy Development Corp. said Thursday that Japanese firm Tokai Corp. has expressed the intention to acquire another 10 percent of the listed renewable energy company.
