May 21, 2021

Udenna is buyer of Shell’s 45% stake in Malampaya

By Myrna M. Velasco – May 20, 2021, 5:33 PM from Manila Bulletin Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority […]
May 20, 2021

NGCP to comply with ERC directive for maiden offer

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror The National Grid Corporation of the Philippines (NGCP) said Thursday that it would comply with the regulator’s directive to complete the requirements for its initial public offering (IPO) and pursue […]
May 20, 2021

AC Energy to build ₧11.4-B wind farm in Ilocos Norte

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror AC Energy Corp. (ACEN), the energy arm of Ayala Corp., will put up the country’s biggest wind farm in Ilocos Norte worth P11.4 billion. The 160MW Balaoi and Caunayan wind […]
May 20, 2021

First Gen allots $530M for capex

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas   FIRST GEN Corp. of the Lopez Group is setting aside about $530 million in capital expenditures (capex) this year […]