Tycoon Manuel Villar Jr.’s Premiere Island Power REIT Corp. (PREIT) shares jumped on Wednesday after a court victory moved its Siquijor power tenant closer to restarting operations and restoring lease payments to the company.
First Gen Corp. shares plunged as much as 19 percent on Monday after the Lopez group rejected KKR’s P35-per-share proposal, wiping out much of the rally sparked by expectations of a potential buyout.
Lopez-led First Gen Corp. kept first-half attributable recurring net income steady at P8.7 billion despite having a much smaller share of its natural gas business following last year’s sale of a 60 percent stake to Enrique Razon Jr.’s Prime Infrastructure Capital.
ACEN Corp.’s renewable energy buildout is translating into bigger profits, with first-half earnings jumping more than fivefold as power generation climbed.
Tycoon Manuel V. Pangilinan-led Manila Electric Co. ended a bruising week after losing more than P123 billion in market value as uncertainty over proposed electricity sector reforms rattled investors.
Manila Electric Co. chair and CEO Manuel V. Pangilinan said Energy Development Corp. (EDC) would be a strategic addition to Meralco PowerGen Corp.’s expanding renewable energy portfolio, but stressed his group is not in current talks with the Lopez family.
Tycoon Manuel V. Pangilinan-led Manila Electric Co. (Meralco) expects volatility in global fuel markets to persist as conflict in the Middle East continues to disrupt energy supplies.
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has retained its ISO 9001:2015 Quality Management System certification after its Networks Group passed a surveillance audit with zero non-conformities.
Tycoon Enrique Razon Jr. has consolidated control of Malampaya, the offshore natural gas project that remains one of the Philippines’ most strategic energy assets and a cornerstone of Luzon’s power supply.