ACEN INTERNATIONAL, Inc., the global arm of ACEN Corp., secured a $100-million loan from MUFG Bank’s Singapore branch, a major Japanese financial institution, to fund its renewable energy projects.

Alternergy Holdings Corp. has started assessing the wind potential in Albay Province where it plans to put up a 150-megawatt (MW) wind power project.

The decrease in energy demand in the hospitality sector, along with poor tourist arrivals are among the reasons the country’s largest power distribution firm has downgraded its energy sales forecast for the year.

The Energy Regulatory Commission (ERC) asked First Gas Power Corp. and Manila Electric Co. (Meralco) to follow proper procedure in their request to extend their power purchase agreement (PPA).

The Energy Regulatory Commission (ERC) has issued an advisory directing distribution utilities (DUs) to suspend disconnection activities and offer flexible payment options to consumers in areas declared under a state of calamity.

Power retailer Manila Electric Co (Meralco) said Friday its rates are subject to a stringent review and approval process to ensure they are fair and reasonable.

POWER retailer Manila Electric Co. (Meralco) is preparing for a new competitive selection process (CSP) for 900 megawatts (MW) of baseload capacity later this year.

Guimbal Wind Energy Corp. (GWEC) plans to invest up to P14.36 billion in investment for a proposed 200-megawatt (MW) onshore wind power project in Iloilo province.

LOPEZ-LED Energy Development Corp. is optimistic about its Mindanao geothermal operations, with plans to add 70 to 120 megawatts of capacity.

Malita Power Inc. is expanding its power-generating capacity to 56 megawatts in Zamboanga Peninsula with projected investments of P3.2 billion.