November 18, 2021

Plant operator warns of tight electricity supply next year

BY LENIE LECTURA – NOVEMBER 17, 2021 from Business Mirror The operator of the 440-megawatt (MW) coal-fired power plant warned that electricity supply by the hot dry season next year will be “very difficult” as only one facility is expected […]
November 18, 2021

SEC approves IPO of Citicore REIT

BY VG CABUAG – NOVEMBER 17, 2021 from Business Mirror The Securities and Exchange Commission has given its go-signal to the initial public offering (IPO) of Citicore Energy REIT Corp. (CREIT). In its en banc meeting, the agency approved the […]
November 17, 2021

‘PHL needs energy transition group’

BY LENIE LECTURA – NOVEMBER 16, 2021 from Business Mirror In file photo: The Burgos Solar Project of the Energy Development Corp. in Ilocos Norte. FIRST Gen Power Corp. has proposed the creation of a group that will address the […]
November 16, 2021

First Gen’s 9-month income hits P10.3 billion

BY LENIE LECTURA – NOVEMBER 15, 2021 from Business Mirror The Burgos Solar Project of Energy Development Corp. in Ilocos Norte. First Gen Corp.’s (First Gen) net income attributable to its parent as of end-September grew by 11 percent to […]