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.
Listed energy firm Aboitiz Power Corp. said it has moved to fully acquire Ubay Solar Corp., strengthening its push to expand its renewable energy footprint in the Visayas.
Farm gate prices of palay posted a modest recovery in November, offering some relief to rice farmers after months of sharp declines. Data from the Philippine Statistics Authority (PSA) showed the national average palay price rose to P16.92 per kilo, up 6.5 percent from P15.89 in October.
San Miguel Corp.’s New Manila International Airport (NMIA) is fast emerging as a powerful growth engine that could transform Bulacan and Pampanga into the country’s next major investment hotspot.
The Energy Regulatory Commission (ERC) has set the preliminary reserve price for the fifth round of the Green Energy Auction (GEA5) at P10.3859 per kilowatt-hour for fixed-bottom offshore wind projects.