MANILA, Philippines — The planned issuance of up to P30 billion worth of retail bonds by Aboitiz Power Corp. has attained the highest credit rating from Philippine Ratings Services Corp.
The Chioson Group of Companies and FLB Prime Holdings Inc., a Cebu-based steel manufacturer and property developer, tapped First Gen Corp. (First Gen), the country’s leading provider of renewable energy (RE), anew for the supply of geothermal power to the group’s business units in Cebu in line with its goal towards carbon neutrality.
THE Department of Energy (DOE), alongside other energy stakeholders, is confident that the country is prepared to handle a massive blackout similar to what happened in Spain and Portugal.
MANILA Electric Co. (Meralco) will launch a series of competitive selection processes (CSPs) this year to secure over 2,100 megawatts (MW), or 2.1 gigawatts (GW), of capacity under its long-term supply procurement plan covering 2026 to 2046.
MANILA, Philippines — Aboitiz Power Corp. has reinforced its expansion with the construction of new renewable energy and battery storage projects, all eyed for completion by next year.
ACEN Corp., the listed energy platform of the Ayala group, expects “robust growth” in earnings by 2026, driven by new power projects scheduled to come online, according to its chief financial officer (CFO).
POWER distributor Manila Electric Co. (Meralco) reported a 10.8% increase in its consolidated core net income to P11.2 billion for the first quarter of 2025, driven by growth across its business segments.
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) reported a 10-percent increase in its net income due to growth in the distribution utility (DU) business, along with movements in power generation.
Manila Electric Co.’s (Meralco) power generation arm, Meralco PowerGen Corp. (MGen), is targeting to commence electricity supply from its 1,200-megawatt Atimonan coal plant by 2029 or 2030, subject to government approval.
MANILA, Philippines — Power giant Manila Electric Co. (Meralco) is looking at the possible revival of the Bataan Nuclear Power Plant (BNPP), which was completed decades ago but never commissioned.