February 15, 2020

Razon-owned power plant in Iraq kicks off commercial operations

By MYRNA M. VELASCO – February 14, 2020, 10:00 PM from Manila Bulletin The multi-phased power plant project of Razon group-owned Prime Power Middle East (PPME) has kicked off commercial operations this month for the initial phase of the gas-fired […]
February 15, 2020

AC Energy, two others interested in Malaya plant

By Alena Mae S. Flores – February 14, 2020 at 08:30 pm from manilastandard.net Three companies expressed interest to participate in the third round of bidding for the privatization of the 650-megawatt Malaya Thermal Power Plant and its underlying land […]
February 14, 2020

First Gen hikes authorized capital stock to ₱13.2 billion

By Myrna M. Velasco – February 13, 2020, 10:00 PM from Manila Bulletin Lopez-owned First Gen Corporation will increase its authorized capital stock to ₱13.2 billion from currently at ₱11.6 billion, to be executed through the generation of additional preferred […]
February 14, 2020

PSALM asset privatization proceeds soar to P71.97 billion in 2019 from P33.34 billion

By Lenie Lectura – February 14, 2020 from Business Mirror PROCEEDS from last year’s privatization programs of the Power Sector Assets and Liabilities Management Corp. (PSALM) ballooned to P71.97 billion from P33.34 billion in 2018. “PSALM’s total privatization proceeds in […]