Energy & Mining
CREC secures ₱3.98-B loan from BPI for Pangasinan solar project
Citicore Renewable Energy Corp. (CREC) has signed a ₱3.98-billion project finance loan with the Bank of the Philippine Islands to help complete its 113-megawatt Citicore Solar Pangasinan 2 project in Binalonan. BPI Capital Corp. acted as the sole lead arranger.
PSALM reviews offers for Agus-Pulangi Hydro privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) said it is evaluating at least two unsolicited proposals to privatize the Agus-Pulangi hydroelectric complex in Mindanao.
More companies join RAP to access preferred power suppliers
Several companies and institutions are forming new partnerships under the Retail Aggregation Program (RAP), which allows smaller electricity consumers to combine their loads and negotiate contracts with preferred suppliers.
DMWAI enrolls Makati and Parañaque properties in Meralco’s RAP
D.M. Wenceslao & Associates, Inc. (DMWAI) has partnered with MPower, the retail electricity supplier of Meralco, to enroll its Makati and Parañaque properties under the Retail Aggregation Program (RAP).
PCC green lights Prime Infra, First Gen deal
The Philippine Competition Commission (PCC) has cleared the planned energy deal with First Gen Corp., giving the power firms the regulatory go-ahead to form...
