Energy
Meralco on high alert as Super Typhoon Nando nears
The Manila Electric Company (Meralco) has assured customers that its response teams are ready to address power-related issues as Super Typhoon Nando (international name: Ragasa) brings heavy rains and potential flooding to parts of its franchise area. With tropical cyclone warning signals raised and intensified southwest monsoon rains expected, Meralco said it is closely monitoring the weather to ensure swift action.
SPNEC approves capital restructuring, secures new loan
SP New Energy Corp. (SPNEC), a publicly listed renewable energy firm, announced that its board of directors has approved a capital restructuring and quasi-reorganization involving its affiliate, Solar Philippines Tarlac Corp. (SPTC), as well as the creation of a security interest over SPTC shares tied to a new loan facility.
Citadines Bacolod goes green with geothermal power
Citadines Bacolod City, one of the city’s largest hotels, has signed a deal with First Gen Corporation to power its operations with 800 kilowatts of geothermal energy, reinforcing its commitment to sustainability.
Alternergy posts 28% profit growth, sustains expansion
Alternergy Holdings Corp., a publicly listed renewable energy firm, reported a 28 percent jump in net income to P165 million in its fiscal year ending June 30, driven by strong performance from its operating solar and wind energy assets.
Petron accepts USD387M tender, exchange offer
Petron Corp., the oil refining and distribution arm of San Miguel Corp., has accepted a total of USD387.4 million in principal amount of existing securities tendered...
