The Consunji family’s Semirara Mining and Power Corp. saw first-quarter earnings decline as weaker power generation offset an otherwise steady coal business, underscoring how plant performance is weighing more heavily on results.
The House of Representatives has approved on third and final reading a bill that would expand the franchise area of Enrique Razon Jr.-owned More Electric and Power Corp., moving the measure to the Senate and closer to widening electricity distribution coverage across parts of Iloilo province.
The Lopez family-backed energy giant First Gen Corp. jumped nearly 8 percent on Friday as it confirmed that delisting from the Philippine Stock Exchange is now officially on the table.
Semirara Mining and Power Corp. (SMPC) saw its nine-month net income fall 37 percent to P9.9 billion from P15.7 billion last year as weaker coal and electricity prices, coupled with higher production costs, weighed on performance.
Six years after an aborted bid to enter Vietnam’s energy market, Aboitiz Power Corp. has finally sealed its long-awaited overseas push with a $220-million investment in one of the country’s largest power projects.
The Manila Electric Co. is investing heavily in network modernization and smart grid technology as part of its long-term strategy to improve power reliability, reduce outages, and support future energy demand, company officials said on Friday.
The Tayabas substation now delivers continuous and stable power to key institutions and commercial hubs, including Tayabas Community Hospital Inc., Southern Luzon State University, ACE Medical Center Sariaya, SM City Lucena, Pacific Mall Lucena, and the Quezon Provincial Governor’s office, among others.
National Grid Corp. of the Philippines (NGCP) has secured a major legal win in its long-standing arbitration battle against Power Sector Assets & Liabilities Management Corp. (PSALM) and National Transmission Corp. (TRANSCO).
The Alcantara family’s listed Alsons Consolidated Resources (ACR) has raised P1.6 billion through the Philippine Dealing and Exchange Corp. (PDEx) as part of its P3-billion commercial paper program, boosting its expansion plans.