September 17, 2021

San Miguel unit issues $150-M securities

BY LENIE LECTURA – SEPTEMBER 16, 2021 from Business Mirror The power unit of conglomerate San Miguel Corp. (SMC), SMC Global Power Holdings Corp. (SMCGP), issued $150 million in additional securities with an initial rate of distribution of 5.45 percent […]
September 16, 2021

Aboitiz unit completes plant repair

BY LENIE LECTURA – SEPTEMBER 15, 2021 from Business Mirror The construction arm of the Aboitiz Group has completed maintenance and shutdown works for Unit 2 (105MW) of Sarangani Energy Corp.’s Coal Power Plant in Maasim, Sarangani Province. Aboitiz Construction […]
September 15, 2021

PSALM keen on drawing more gas from Malampaya

BY LENIE LECTURA – SEPTEMBER 14, 2021 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) is pursuing plans to increase the amount of gas it sources from the Malampaya gas field. PSALM earlier signed a memorandum […]
September 15, 2021

Government prepares for gas field shutdown

BY LENIE LECTURA – SEPTEMBER 14, 2021 from Business Mirror The Department of Energy (DOE) said Tuesday it would soon meet with industry stakeholders to discuss action plans for the upcoming 22-day shutdown of the Malampaya gas facility starting October […]