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Monday, December 4, 2023

Energy

Philippines ranks fourth globally in terms of power investments

Department of Energy (DOE) assistant secretary Mylene Capongcol welcomed the BloombergNEF Climate 2023 report which ranked the Philippines among the 5 most attractive emerging markets for investments in the power sector. The Philippines moved up 6 places to No. 4 after India, China and Chile following the country’s significant progress in transitioning to renewable energy (RE) over the last two years. The report released on Nov. 29, 2023 said the Philippines...

Meralco executive gets engineering award

The University of the Philippines Alumni Engineers (UPAE) recognized Manila Electric Company...

Meralco unit pays P7b to acquire stake in solar power firm SPNEC

Manila Electric Co. through its unit MGen Renewable Energy Inc. (Mgreen) made...

DOE readies circular on 3% biodiesel blend

The Department of Energy (DOE) will issue a circular to implement a...

LATEST Energy

LATEST

LandBank approves P20-billion loan to support ACEN’s RE projects

Land Bank of the Philippines approved a P20-billion loan to ACEN Corp., the listed energy platform of the Ayala Group, in support of the...

MGen sustains education campaign

Meralco PowerGen Corp. (MGen) and its subsidiaries continue their commitment to sustainably supporting quality education in their host communities through One Meralco Foundation Inc.’s...

NGCP seeks lifting of Supreme Court’s TRO on Panay-Guimaras link

Transmission operator National Grid Corp. of the Philippines (NGCP) asked the Supreme Court to lift the temporary restraining order against the P3 billion Panay-Guimaras...

Meralco invites bidders to join new auction for 1,200-MW supply

Power retailer Manila Electric Co. (Meralco) is inviting interested power generation companies to participate in the competitive selection process (CSP) or bidding for 1,200...

ACEN secures P20-b bank loan to fund renewable energy projects

ACEN Corp., the listed energy platform of the Ayala Group, signed a 10-year term loan facility worth P20 billion with a single bank for...

Aboitiz Power expects to complete several projects in 2024

Aboitiz Power Corp. expects to complete several energy projects in 2024 that will support economic growth in the near term, a top executive said...

EDC board approves public offering, listing of P10-b ASEAN green bonds

The board of Energy Development Corp. (EDC) on Wednesday approved the public offering, issuance and listing of the second tranche of the company’s shelf-registered...

AboitizPower, partners donate medical supplies to Batangas, Cebu

Aboitiz Power Corporation (AboitizPower) and partner First Bay Power Corporation gave much-needed vitamins, medicine, and medical equipment to barangays Sampaguita and San Diego in...

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