May 21, 2024

ACEN guarantees P1.4-b loan of San Carlos Solar Energy

By Alena Mae S. Flores – May 20, 2024, 7:35 pm from manilastandard.net ACEN Corp. said Monday it acted as guarantor to the P1.4-billion loan of subsidiary San Carlos Solar Energy Inc. (SACASOL). SACASOL is the owner and operator of […]
May 18, 2024

Aboitiz hikes STEAG coal plant stake to 85%

By Alena Mae S. Flores – May 17, 2024, 8:35 pm from manilastandard.net Aboitiz Power Corp. said Friday it completed the acquisition of an additional 15.6-percent equity stake in STEAG State Power Inc. (SPI) valued at $11 million, bringing its […]
May 18, 2024

Alsons’ net income slipped 13% to P479m in Q1 on plant outage

By Alena Mae S. Flores – May 17, 2024, 7:40 pm from manilastandard.net Alsons Consolidated Resources (ACR), a publicly listed company of the Alcantara Group, said Friday it posted a net income of P479 million in the first quarter of […]
May 18, 2024

Ancillary rates seen increasing P0.10 per kWh

By Alena Mae S. Flores – May 16, 2024, 8:00 pm from manilastandard.net Grid operator National Grid Corp. of the Philippines expects an average increase of more than P0.10 per kilowatt-hour (kWh) in the ancillary charges of consumers in the […]