SB CAPITAL INVESTMENT Corp., the investment banking arm of Security Bank Corp., has closed a P2.015-billion financing facility for a solar power project in San Pablo, Isabela, as part of the bank’s push to support renewable energy.

DMCI POWER Corp. (DPC) said it expects a government decision by the second quarter (Q2) on its proposal to build a P3-billion submarine cable linking the islands of Semirara and Mindoro.

Stark Wind Energy Corp. is keen on making a large-scale investment in a wind power project which will have a capacity of 200 megawatt (MW) in Bohol province.

The Manila Electric Co. (Meralco) on Wednesday said the P0.2816 per kilowatt hour (kWh) rate increase authorized by the Energy Regulatory Commission (ERC) would have a minimal impact on its customers.

MANILA – Energy Regulatory Commission (ERC) chair lawyer Francis Saturnino Juan said Monday that any proposal to introduce electricity hedging in the country must be thoroughly studied to ensure it benefits both investors and end-users.

The Department of Energy (DOE) signed agreements with the Iloilo provincial government and Bacolod city government on Jan. 26 to install solar power systems and energy efficiency measures in public buildings.

OVER EIGHT MILLION customers of Manila Electric Co. (Meralco) may see higher electricity charges starting March after the Energy Regulatory Commission (ERC) approved P31 billion in fuel cost recovery sought by power generators.

ACEN CORP., the listed energy platform of the Ayala group, is likely to pursue its P30-billion stock rights offering (SRO) by the second half of the year as it assesses its capital expenditure (capex) plans, its president said.

THE Energy Regulatory Commission (ERC) said private distribution utilities (PDUs) have been allowed more time to file their proposed electricity tariffs.

The Manila Electric Company (Meralco) will collect from its customers an additional P0.2816 per kilowatt hour (kWh) starting March until the full amount of P31.34 billion is collected.