ACEN Corp.’s subsidiary ACEN International Inc. and ING Bank N.V., Manila Branch completed the signing of a term loan facility worth 50 million euros.

The Energy Regulatory Commission (ERC) said over the weekend it approved National Grid Corp. of the Philippines’ (NGCP) proposed Pinili 230-kilovolt substation project costing P1.631 billion.

A survey in Batangas province found that 54 percent of BATELEC 2 customers and 46 percent of BATELEC 1 customers are keen to switch electricity providers.

Spain’s Fondo para la Internacionalización de la Empresa (FIEM) is financing a feasibility study for a submarine power interconnection between the islands of Camiguin and Mindanao, the Department of Energy said.

Transmission and grid operator National Grid Corp. of the Philippines is suspending all maintenance activities beginning May 5, 2025, in line with contingency plans set by the Commission on Elections for the upcoming national and local elections on May 12.

ACEN Corp. saw a 28.3% drop in its first-quarter (Q1) attributable net income to P1.95 billion, mainly due to weaker power generation and lower spot market prices, the Ayala-led energy company said on Thursday.

THE Philippine Stock Exchange, Inc. (PSE) has tapped Lopez-led energy firm First Gen Corp. to supply renewable energy (RE) for the PSE Tower in Bonifacio Global City.

YUCHENGCO-LED PetroEnergy Resources Corp. (PERC) has secured key government approvals for its energy projects with a combined capacity of 4 gigawatts (GW), allowing the company to fast-track the projects’ development.

MANILA, Philippines — Ayala-led ACEN Corp. has ramped up its push to retire a coal plant in Batangas ahead of schedule by joining forces with Japan’s Mitsubishi Corp. and its unit, Diamond Generating Asia Ltd.

Following the Philippine Geothermal Production Company, Inc.’s (PGPC) recent exploration in Albay, the Department of Energy (DOE) has encouraged developers to further explore geothermal resources.