Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
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.
Aboitiz Power Corp. said its wholly-owned subsidiary, Aboitiz Renewables, Inc., has received confirmation from the Power Sector Assets and Liabilities Management Corp. (PSALM) that the Thunder Consortium has been awarded the sale and privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex.
The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
Fuel prices willl see mixed adjustments for the fourth week in a row, taking effect Tuesday morning, October 27. Gasoline will go down by P0.30 per liter, while diesel rises P1.20 per liter and kerosene goes up by P0.50 per liter, as confirmed by major suppliers including Petron and Seaoil, following the Department of Energy’s announcement Monday.
The Department of Energy (DOE) confirmed Monday the government is pursuing multiple financing avenues to kickstart the country’s nuclear energy program, with the United States offering at least $5 billion in potential funding support.
Ayala Land Premier (ALP) has begun turning over units at Gardencourt Residences, bringing its garden-centered residential concept to life at Arca South, the 74-hectare mixed-use estate in Taguig.
The Bureau of Internal Revenue (BIR) has suspended the Oct. 31 deadline for taxpayers to post a registration badge online, responding to privacy and technical concerns raised by online sellers, content creators and other taxpayers.