March 24, 2020

As power use dips, plants urged to scale down to save on costs

By Lenie Lectura -March 24, 2020 from Business Mirror WITH the decline in power consumption, particularly in the commercial and industrial sectors, conglomerate San Miguel Corp. (SMC) on Monday proposed that power plants scale down their production in order to save on […]
March 20, 2020

PSALM resets Malaya plant bidding to May 19

By Lenie Lectura -March 20, 2020 from Business Mirror The deadline for the submission of bids for the Third Round of Public Bidding for the Malaya Thermal Power Plant (MTPP) facility and lot had been moved to May 19, the […]
March 20, 2020

Malampaya workers’ restrictions could hinder power operations–DOE

By Lenie Lectura -March 20, 2020 from Business Mirror THE Department of Energy (DOE) on Thursday stressed the importance of the Malampaya Gas Field as a deep-water gas-to-power project which delivers 20 percent of the country’s electricity requirement. DOE Secretary […]
March 20, 2020

Alsons net income jumps by 67% in 2019

By Lenie Lectura -March 20, 2020 from Business Mirror ALCANTARA-led Alsons Consolidated Resources Inc. (ACR) ended 2019 with a net income of P938 million, up 67 percent from the P563 million recorded in 2018, mainly due to sustained revenues. The […]