Major power generation groups are emerging as key contenders in Manila Electric Co.’s (Meralco) Competitive Selection Process (CSP) for its 200-megawatt renewable energy (RE) baseload supply, highlighting how established energy players are positioning themselves for long-term clean power contracts.
The Manila Electric Co., the country’s largest power distribution better known as Meralco, and the Electric Vehicle Association of the Philippines (EVAP) are ramping up efforts to accelerate electric vehicle adoption, reaffirming a partnership seen as critical to building a sustainable transport future.
The Manila Electric Co., the country largest power distributor better known as Meralco, has launched a Competitive Selection Process (CSP) to secure 200 megaWatts of baseload renewable energy capacity, strengthening compliance with its Renewable Portfolio Standards obligations and signaling fresh momentum for green power procurement.
Households across Metro Manila and nearby provinces will face slightly higher electricity bills this month as the Manila Electric Co. (Meralco) raised its rates by P0.1520 per kilowatt-hour (kWh).
Property giant Megaworld Corporation posted a 6 percent rise in net income in the first quarter of 2026, reaching P6.2 billion from P5.8 billion a year earlier, supported by steady gains across its leasing, hotel, and residential businesses.
Philex Mining Corporation (PSE: PX) opened 2026 with a weaker first-quarter performance but pointed to improving operations ahead, as restoration works at its Padcal mine progress and its long-delayed Silangan project moves closer to production.