Power News

March 24, 2022

Synergy declares quarterly dividend payment of P1.1B

BY LENIE LECTURA – MARCH 23, 2022 from Business Mirror Synergy Grid and Development Philippines Inc. (SGP) will pay out P1.158 billion worth of dividends to its shareholders. The company said Wednesday that its board approved the first quarterly cash […]
March 24, 2022

DoE advises gov’t agencies to save power ahead of polls

By Marielle C. Lucenio – March 22, 2022 | 8:00 pm from Business World PHILSTAR THE Department of Energy (DoE) said on Tuesday that it issued an advisory to government agencies to conserve energy due to the tight oil market […]
March 23, 2022

AC Energy acquires shares of UPC-AC

BY LORENZ S. MARASIGAN – MARCH 22, 2022 from Business Mirror AC Energy Corp. has completed the first tranche of its planned full acquisition of renewable energy (RE) platform UPC-AC Renewables Australia. In three separate disclosures to the stock exchange, […]
March 23, 2022

Spectrum installs solar for Wilcon Depot

By Myrna M. Velasco – March 22, 2022, 4:44 PM from Manila Bulletin Energy solutions firm Spectrum, a subsidiary of Manila Electric Company (Meralco) has been tapped as the enabling-partner that will concretize the shift to solar energy usage of […]
March 23, 2022

DOE orders gov’t agencies to cut energy bills by 10%

By Myrna M. Velasco – March 22, 2022, 3:24 PM from Manila Bulletin All concerned government agencies are being mandated to cut their energy bills by at least 10 percent via adhering to energy efficiency and conservation (EE&C) measures in […]
March 22, 2022

MORE Power beefs up distribution services

BY LENIE LECTURA – MARCH 21, 2022 from Business Mirror More Electric and Power Corporation (MORE Power) said it used its P1.9-billion capital expenditure (capex) to finance various projects that improved electric distribution services in Iloilo City. Bulk of the […]
March 22, 2022

Vivant’s 2021 income rises on foreign exchange gains

BY LENIE LECTURA AND VG CABUAG – MARCH 21, 2022 from Business Mirror Vivant Corp., the publicly listed holding company of Cebu’s Garcia-Escaño family, posted a net income of P1.78 billion last year, up by 23 percent from P1.44 billion […]
March 22, 2022

First Gen income flat at P12.4 B in 2021

By Myrna M. Velasco – March 21, 2022, 4:39 PM from Manila Bulletin Lopez-led First Gen Corporation registered a flat growth in income at P12.4 billion ($252 million) last year due to uncertainties ignited by soaring fuel prices in the […]
March 21, 2022

Energy efficiency projects’ inclusion in IRR of amended BOT Law pushed

By Myrna M. Velasco – March 20, 2022, 8:00 PM from Manila Bulletin Inclusion of energy efficiency and conservation (EE&C) projects in the revised implementing rules and regulations (IRR) of the amended Build-Operate-Transfer (BOT) Law is being pushed, so these […]
March 21, 2022

Toyota dealer taps RE from CREC

BY LENIE LECTURA – MARCH 20, 2022 from Business Mirror The retail electricity supplier (RES) unit of Citicore Renewable Energy Corp. (CREC) was tapped to supply power to a franchisee of Toyota Motors in Cebu. Citicore Energy Solutions Inc. (CESI) […]