San Miguel Corp., one of the country’s largest conglomerates, has completed a long-delayed transaction to acquire 1.03 million shares of Manila Electric Co. from the Land Bank of the Philippines.
San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.
MGen Renewable Energy Inc. (MGreen), the green energy arm of Meralco PowerGen Corp. (MGen), is exploring the possibility of a public listing, with key advisors recently retained to guide the process, its listed affiliate, SP New Energy Corp. (SPNEC) told the Philippine Stock Exchange.
Manila Electric Co., the country’s largest power distributor better known as Meralco, announced on Wednesday a reduction in electricity rates, lowering charges by P0.1076 per kiloWatt-hourin June, the second rate reduction in as many months.
MSpectrum, Inc., the solar energy arm of Meralco, has completed a 120-kilowatt peak (kWp) rooftop solar project for DHL Supply Chain, powering the logistics...
ATPI, a global marine travel and logistics company, said the Philippines continues to be one of its most important crew source markets, citing the country’s large pool of highly skilled, English-proficient seafarers.
EvoEnergi, the retail electricity supplier behind the initiative, said the new collective—dubbed EVO Boracay—brings together Discovery World Boracay, Hue Hotels and Resorts, The Lind Boracay, and Ferra Premier with Ferra Hotel & Garden Suites. Together, they represent a combined peak demand of roughly 1,360 kW.
Globe Telecom has partnered with Nokia to launch commercial 5G millimeter-wave (mmWave) technology in the Philippines, delivering fiber-like internet speeds without the need for physical cables.
Lopez-led microgrid operator FP Island Energy Corp. has sealed a partnership with agri-tech start-up Agrabah Ventures Inc. to strengthen the livelihoods of farmers, fisherfolk, and local organizations in remote, off-grid islands in Caramoan and Garchitorena, Camarines Sur.