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Philippines
Tuesday, April 30, 2024

Alena Mae S. Flores

Higher power demand seen in May

Power demand could further increase in May after it reached a peak of 9,301 megawatts on April 24, surpassing the 2024 and 2025 forecasts,...

Meralco looking at P40-b core net income this year

Manila Electric Co. (Meralco) is looking at full-year consolidated core net income of P40 billion in 2024, as first-quarter income climbed 11 percent to...

NexGen eyeing IPO to fund RE projects

NexGen Energy Corp., a wholly-owned subsidiary of Pure Energy Holdings Corp. (PEHC) said over the weekend it is preparing for an initial public offering...

Ayala unit seeking partners to derisk two energy projects

Listed Ayala-owned Enex Energy Corp. said over the weekend it is looking for partners for Service Contract 55 in the West Philippine Sea and...

Senate panel to investigate cause of power outages

The Senate Energy Committee will start on May 6 its investigation into the alarming unstable power supply that is causing massive brownouts in several...

DOE sees P0.90/l rollback next week due to global slide

The Department of Energy (DOE) expects domestic pump prices to roll back next week by as much as P0.90 per liter to reflect the...

AEV’s profit rises 22% on strong contribution from business units

ABOITIZ Equity Ventures Inc. (AEV) said Friday its consolidated net income went up 22 percent to P4.9 billion in the first quarter of 2024...

Meralco-Limay power supply deal to save P8b

Power retailer Manila Electric Co. and San Miguel Corp.’s power unit Limay Power Inc. are asking the Energy Regulatory Commission to provisionally approve their...

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