December 19, 2017

San Miguel unit to purchase Masinloc Power for $1.9B

By Lenie Lectura – December 18, 2017 from Business Mirror SMC Global Power Holdings Corp. (SMCGPH), the power arm of conglomerate San Miguel Corp., is buying Masinloc Power Plants Co. Ltd. (MPPCL) for $1.9 billion. MPPCL is 51-percent owned by […]
December 19, 2017

SN Aboitiz Power deems 2017 a ‘very strong year

By Lenie Lectura – December 18, 2017 from Business Mirror SN Aboitiz Power (SNAP) said on Monday it considers 2017 as a “very strong year” as the company expects revenue and profit expected to soar. SNAP President Joseph Yu said revenue “almost” […]
December 19, 2017

Pending hike on coal tax prompts Meralco unit to eye wind energy

By Lenie Lectura – December 17, 2017 from Business Mirror THE power-generation arm of Manila Electric Co. (Meralco) is “seriously” looking at venturing into wind energy amid an impending rise in coal taxes. “We’ve been asked to look at wind proposals,” Meralco […]
December 19, 2017

DOE enforces 2 modified schemes of petrol contracting

By Myrna M. Velasco – December 17, 2017, 10:00 PM from Manila Bulletin The Department of Energy (DOE) will be enforcing two modes of contracting under its amended policy on award of petroleum service contracts – to be institutionalized via the […]