March 20, 2021

Electricity prices rise at spot market

By Alena Mae S. Flores – March 19, 2021 at 07:55 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines, which runs the Wholesale Electricity Spot Market, noted an increase in prices in March, averaging P4.23 per kilowatt-hour […]
March 19, 2021

Citicore unit taps Chinese firm for hydropower project

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror Rio Norte Hydropower Corp. (RNHC), a wholly-owned subsidiary of Citicore Power Inc., has tapped Chinese firm Xian Electric Engineering Co. Ltd. as its EPC (Engineering, Construction and Procurement) contractor for […]
March 19, 2021

ACEN raises P11.88 billion via share sale

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror AC Energy Corp. (ACEN) has successfully raised P11.88 billion through a private placement of 4 billion shares. “This is to announce the completion of the subscription of Arran Investment Pte. […]
March 19, 2021

SMC opts out of Malampaya stake bidding

By Myrna M. Velasco – March 18, 2021, 3:59 PM from Manila Bulletin Diversified conglomerate San Miguel Corporation (SMC) has decided not to submit a tender for the 45-percent stake in the multi-billion Malampaya gas field venture that is currently […]