Energy & Mining
PSALM trims decades-old obligations to P284 billion
A combination of asset sale proceeds and advanced payment by a debtor has allowed the Power Sector Assets and Liabilities Management (PSALM) Corp. to cut its financial obligations to P283.65 billion as at end-March this year, from its peak of P1.24 trillion in 2003.
NexGen welcomes ESG or GOCC equity participation
Pure Energy Holdings Corp. (PEHC) subsidiary NexGen Energy Corp. is in talks with environmental, social and governance (ESG) equity funds to help it finance renewable energy expansion programs.
Alternergy unit secures P8 billion from banks for Tanay wind farm
Alternergy Holdings Corp. said Tuesday its wholly-owned subsidiary Alternergy Tanay Wind Corp. has secured a loan from the Bank of the Philippines Islands and Security Bank Corp. for up to P8 billion.
Meralco says power supply restoration almost complete; readies for Red Alert
Manila Electric Co. said that by early Tuesday it had almost fully restored power supply to around 1.7 million customers affected by Typhoon Aghon but warned of possible outages as the National Grid Corp. declared yellow and red alerts in the Luzon Grid.
Teaching school taps ACEN unit in renewable energy pact
The National Teachers College (NTC) has tapped ACEN Corp. retail arm ACEN Renewable Energy Solutions (ACEN RES) for the supply of renewable energy to the learning institution.
