August 6, 2024

Meralco evaluating impact of TRO on bidding, rates

By Lenie Lectura – August 6, 2024 from Business Mirror The  Manila Electric Co. (Meralco) said Monday it will seek legal remedies after a local court issued a 20-day temporary restraining order (TRO) against its competitive selection process (CSP) for its supply […]
August 2, 2024

ACEN takes full control of RWEI

By Lenie Lectura – August 2, 2024 from Business Mirror ACEN Corp. has taken full control of Real Wind Energy Inc. (RWEI) after it acquired the remaining shares held by Maraj Energy and Development Corp. (Maraj) in RWEI. RWEI is […]
August 1, 2024

P5.3-billion RCBC loan to fund build of wind power units

By Lenie Lectura – July 31, 2024 from Business Mirror ALTERNERGY Holdings Corp. (Alternergy) announced it has secured a P5.3-billion loan from the Rizal Commercial Banking Corp. (RCBC) to partly finance the construction of the 64-megawatt (MW) Alabat wind power […]
August 1, 2024

ThermaPrime buys 3 rigs for EDC

By Lenie Lectura – July 31, 2024 from Business Mirror In photo: The Rig 3 Defender DC Rig 1000hp Drawworks Capacity during testing and commissioning in Texas, USA. Lopez-led ThermaPrime Drilling Corp. (ThermaPrime) is acquiring three more geothermal drilling rigs […]