Energy & Mining
Aboitiz-led consortium secures P35B loan for CBK hydro acquisition
The Thunder Consortium has secured P35 billion in bridge loan facilities from BDO Unibank Inc. and Metropolitan Bank & Trust Co. to help finance its acquisition of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex.
Consumers to see lower transmission charges in December – NGCP
The National Grid Corporation of the Philippines (NGCP) said electricity consumers will pay lower transmission charges in their December 2025 power bills, following a drop in ancillary services (AS) rates.
Spanish firm hires Chinese contractor for 180-MW Cebu solar project
Spanish renewable energy company Acciona Energia has signed an engineering, procurement and construction contract with Power Construction Corp. of China for its 180-megawatt Daanbantayan solar project in Cebu.
New facility to cut risks for geothermal projects
The Department of Energy (DOE) and the Land Bank of the Philippines have signed a memorandum of agreement to operationalize the Philippine Geothermal Resource De-Risking Facility (PGRDF), a $170-million program aimed at reducing the financial risks of early-stage geothermal exploration.
EDC eyes P19B capital spending in 2026
Energy Development Corp. (EDC) plans to allocate about P19 billion as capital expenditures in 2026, lower than present spending levels, as it scales down drilling activities.
