November 18, 2021

Plant operator warns of tight electricity supply next year

BY LENIE LECTURA – NOVEMBER 17, 2021 from Business Mirror The operator of the 440-megawatt (MW) coal-fired power plant warned that electricity supply by the hot dry season next year will be “very difficult” as only one facility is expected […]
November 18, 2021

SEC approves IPO of Citicore REIT

BY VG CABUAG – NOVEMBER 17, 2021 from Business Mirror The Securities and Exchange Commission has given its go-signal to the initial public offering (IPO) of Citicore Energy REIT Corp. (CREIT). In its en banc meeting, the agency approved the […]
November 17, 2021

‘PHL needs energy transition group’

BY LENIE LECTURA – NOVEMBER 16, 2021 from Business Mirror In file photo: The Burgos Solar Project of the Energy Development Corp. in Ilocos Norte. FIRST Gen Power Corp. has proposed the creation of a group that will address the […]
November 17, 2021

PetroEnergy income up 30% to P544 M

By Myrna M. Velasco – November 16, 2021, 5:30 PM from Manila Bulletin Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From […]