Energy
Raslag plans P2B capital-raising strategy
Renewable energy generator Raslag Corp. announced that its board has approved a capital-raising plan aimed at generating up to P2 billion through the private placement of up to 15 million preferred shares.
Meralco sales slowing in 2025 amid changing weather patterns
The Manila Electric Co. (Meralco) has revised its power sales forecast this year to only 4.6 percent, signaling a weaker performance versus the previous year. The revised projection comes following an exceptional spike in demand due to the effects of El Niño in 2024, which is unlikely to repeat this year.
SPNEC plans new solar farm in Batangas
SP New Energy Corp. (SPNEC), the solar power producer now under the control of Manila Electric Co. (Meralco), has unveiled plans for a second major solar farm in Batangas.
ERC grants Meralco provisional authority for P19.95-B refund scheme
The Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) provisional authority to implement a refund scheme amounting to P19.95 billion, covering an over-recovery of rates from 1 July 2022, to 31 December 2024. The scheme will be executed over 36 months, with refunds starting in the next billing cycle.
NPC seeks bids for renewable energy suppliers for diesel hybridization
The National Power Corporation (NPC) is set to open bids next week for the supply and delivery of renewable energy (RE) to hybridize its existing diesel power plants in four provinces, with a total approved budget of P3.42 billion.
