February 23, 2022

Citicore Renewable allots P70B for power projects

BY LENIE LECTURA – FEBRUARY 22, 2022 from Business Mirror Citicore Renewable Energy Corp. (CREC), the renewable energy arm of Citicore Power Inc., is earmarking P70 billion for the expansion of its power generation portfolio to 1,500 megawatts (MW) in […]
February 22, 2022

ACEN launches energy storage project

BY LENIE LECTURA – FEBRUARY 21, 2022 from Business Mirror AC Energy Corp. (ACEN), the listed energy platform of the Ayala Group, has switched on the country’s first hybrid solar and energy storage project. The 2×20 megawatt (MW) energy storage […]
February 11, 2022

ACEN hikes stake in subsidiary with P3.39-B asset transfer

By Myrna M. Velasco – February 10, 2022, 4:12 PM from Manila Bulletin Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets […]
February 9, 2022

Meralco power rates decline on lower generation charge

BY LENIE LECTURA – FEBRUARY 8, 2022 from Business Mirror Power generation charge for the January supply month led to a reduction of P0.1185 per kilowatt hour (kWh) in Manila Electric Co. (Meralco) bills this month. From last month’s P9.7027 […]