July 29, 2020

Korean firm submits bid for Malaya TPP operation

By Lenie Lectura – July 29, 2020 from Business Mirror A Korean firm submitted a bid to operate and maintain the Malaya Thermal Power Plant (TPP) for one year for P222.55 million. The Power Sector Assets and Liabilities Management Corp. […]
July 28, 2020

Meralco expects core profit to decline due to pandemic

By Lenie Lectura – July 28, 2020 from Business Mirror The Manila Electric Co. (Meralco) is expecting core profit for the full year to drop 10 to 12 percent from the P23.8 billion posted in 2019, following a 14-percent decline […]
July 24, 2020

AC Energy, Axia Power ink deal for Rizal plant

By Lenie Lectura – July 24, 2020 from Business Mirror AC Energy Philippines Inc. (ACEPH) signed a shareholders’ deal that paves the way for the development of a 150-megawatt (MW) diesel power plant in Pililla, Rizal. ACEPH and its wholly-owned […]
July 24, 2020

ACR ‘cautiously optimistic’ on performance this year

By Lenie Lectura – July 24, 2020 from Business Mirror Alcantara-led Alsons Consolidated Resources Inc. (ACR) is optimistic that its business will perform better this year, mainly due to the full operation of its coal power plant, which has been […]