MPower, the retail electricity arm of Manila Electric Co (Meralco), signed a new energy supply contract with The Peninsula Manila to power the iconic five-star hotel with renewable energy.

SM INVESTMENTS CORP. (SMIC) is expanding its renewable energy portfolio through new geothermal projects and potential ventures in wind energy, its top official said on Tuesday.

SY-led SM Group is looking at expanding its commitment to pursuing renewable energy (RE) with the possibility of venturing into wind power.

MANILA, Philippines — Billionaire Ramon Ang’s San Miguel Corp. (SMC) has raised its stake in tycoon Manuel V. Pangilinan-led Manila Electric Co. (Meralco), securing additional P93 million worth of shares.

SAN MIGUEL Global Power Holdings Corp. (SMGP) is acquiring additional shares in Manila Electric Co. (Meralco) from the Land Bank of the Philippines (LANDBANK) worth a total of P93.12 million.

THE Energy Regulatory Commission (ERC) plans to review the rules for power supply agreement (PSA) for generating companies to address a regulatory backlog and encourage more investment, a top official said over the weekend.

First Gen Corp. may reassess its strategies for achieving its target of delivering 13 gigawatts (GW) of renewable energy (RE) power by 2030 after taking in a partner in its gas business.

MANILA, Philippines — Pangilinan-led Manila Electric Co. (Meralco) and Aboitiz-backed GNPower Dinginin Ltd. Co. (GNPD) have secured regulatory approval for their 100-megawatt (MW) power supply deal.

MANILA, Philippines — The top executive of the Energy Regulatory Commission is pushing for a key amendment to the competitive selection process (CSP) guidelines to speed up the approval of power supply deals.

The Energy Regulatory Commission (ERC) is reviewing the proposed extension of the power deal between Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and Lopez-led First Gas Power Corp. (FGPC) to ensure the contract terms remain fair and reasonable.