April 7, 2022

NGCP to increase capital stock

BY LENIE LECTURA – APRIL 6, 2022 from Business Mirror THE NATIONAL Grid Corp. of the Philippines (NGCP) is increasing its authorized capital stock (ACS) to accommodate the issuance of the non-voting preferred shares to Synergy Grid and Development Philippines, […]
April 6, 2022

SNAP to put up storage system

BY LENIE LECTURA – APRIL 5, 2022 from Business Mirror SN Aboitiz Power Group (SNAP) will put up a 20-megawatt (MW) battery energy storage system (BESS) at its Magat hydroelectric power plant in Ramon, Isabela. The joint venture between Scatec […]
April 6, 2022

Bidding for Meralco’s 850MW RE demand declared a failure

BY LENIE LECTURA – APRIL 5, 2022 from Business Mirror THE competitive bidding for the 850-megawatt (MW) renewable energy (RE) mid-merit requirement of the Manila Electric Co. (Meralco) was declared a failure last Thursday by the Third-Party Bids and Awards […]
April 5, 2022

AC Energy to pour $200M into 1,000MW RE project

BY LENIE LECTURA – APRIL 4, 2022 from Business Mirror AC Energy Corp. (ACEN), the listed energy platform of the Ayala group, will pour in $200 million to partly fund its newly-formed partnership with ib vogt GmbH of Germany which […]