MANILA, Philippines — The Securities and Exchange Commission (SEC) is upholding the 20-percent minimum public float requirement for companies looking to list in the local stock market, but said that a lower initial public float will be allowed through an exemptive relief.

About 54 percent of the Philippines’ 215 power generation companies, representing 13,745 megawatts of capacity, have yet to comply with a legal requirement to conduct a public offering, the Energy Regulatory Commission (ERC) said Thursday.

MANILA – Alternergy Holding Corp. has secured a Certificate of Authority (COA) from the Department of Energy (DOE) to develop a new onshore wind power project in the province of Albay.

Manila Electric Company’s (Meralco) local retail electricity unit has renewed its partnership with the Araneta group for its properties in Quezon City.

MANILA, Philippines — Some of the country’s richest clans, along with foreign companies, are interested in seizing control of a 797-megawatt hydropower complex in Laguna.

Vivant Energy Corporation has announced that its subsidiary, Calamian Islands Power Corp. (CIPC), has entered into a power supply agreement (PSA) with Busuanga Island Electric Cooperative, Inc. (BISELCO) to address Palawan’s rising energy demand.

The Department of Energy (DOE) awarded a certificate of authority (COA) for Basic Energy Corp.’s planned 43-megawatt-peak Cadiz 1 solar power project in Negros Occidental.

SN Aboitiz Power (SNAP), the Aboitiz group’s renewable energy (RE) provider, has begun construction of Benguet’s first battery energy storage system (BESS) facility.

THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) purchase of the remaining 290 megawatts (MW) under its 1,200-MW power supply contract with San Miguel Group’s South Premiere Power Corp. (SPPC).

MANILA, Philippines — Aboitiz-backed SN Aboitiz Power Group (SNAP) has started the development of another battery energy storage system (BESS), this time a 40-megawatt (MW) facility in Itogon, Benguet.