Energy
PCC OKs Raslag-Verdant JV for Mindoro wind and battery project
The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.
ADB, PH in talks for power grid upgrade loan
The Asian Development Bank (ADB) confirmed it is in discussions with the Philippine government for a possible loan to enhance the country’s power transmission network.
Gov’t eyes more incentives for geothermal projects
The Department of Energy (DOE) is preparing a new bill aimed at attracting more investment in geothermal power projects in the Philippines, Energy Secretary Sharon Garin said on Tuesday during the Singapore International Energy Week.
Leviste completes P13.76-B SPNEC shares sale to Meralco
SP New Energy Corp. (SPNEC) founder Leandro Leviste has completed the sale of another 10.83 billion shares in the company to Manila Electric Co. (Meralco) for ₱13.76 billion, finalizing his planned divestment of part of his stake.
AboitizPower profit climbs in 3Q on strong hydro, higher margins
Aboitiz Power Corp., the power generation and distribution unit of the Aboitiz Group, posted a net income of P10.6 billion in the third quarter, a 5 percent gain from the year-earlier period, driven mainly by improved margins from its generation segment.
