Author Archives: LM Staff

DoE withdraws clearance for MGen’s two coal plants

MERALCO PowerGen Corp. (MGen), the power generation unit of Manila Electric Co. (Meralco), said the...

PHL should find right technology to meet rising power demand, experts say

SECURING reliable and efficient power supply for the Philippines means finding the right technologies suited...

DOE clears MGen’s 1,273-MW coal plants

MANILA, Philippines — Pangilinan-led Meralco PowerGen Corp. (MGen) has secured confirmation from the Department of...

SPNEC signs largest Philippines financing deal

MANILA, Philippines — SP New Energy Corp. (SPNEC) of tycoon Manuel V. Pangilinan has sealed...

DOE optimistic to meet 50% clean energy share by 2040

MANILA – The Department of Energy (DOE) is optimistic the Philippines will hit its target...

AboitizPower breaks ground for hybrid energy storage in Agusan del Norte

ABOITIZ POWER Corp. (AboitizPower), through its subsidiary Therma Marine, Inc. (TMI), has broken ground on...

Alternergy secures initial P3.3B from RCBC for Alabat Wind

ALTERNERGY Holdings Corp. has drawn P3.256 billion from its P5.3-billion project loan facility with Rizal...

Meralco sees power sales heating up in 2nd quarter

MANILA, Philippines — Pangilinan-led Manila Electric Co. (Meralco) expects its energy sales to heat up...

PetroEnergy’s 2024 income soars to P471M

PETROENERGY RESOURCES CORP. (PERC) reported a nearly threefold increase in its attributable net income for...

RE firm secures P3.3-B funding for Alabat wind project

MANILA — Renewable energy (RE) pioneer Alternergy Holdings Corp. said on Monday it has received...