April 17, 2019

IEMOP holds 1st MPU since becoming WESM operator

By Lenie Lectura – April 17, 2019 from Business Mirror Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market, held its first-ever Market Participants Update (MPU) since assuming WESM operations from Philippine Electricity Market […]
April 17, 2019

Therma Visayas power plant in Cebu now operational

By Lenie Lectura – April 17, 2019 from Business Mirror THERMA Visayas Inc. (TVI), a subsidiary of AboitizPower, said on Tuesday its power plant in Cebu has started delivering energy. TVI’s first 170-megawatt baseload unit in Toledo City, Cebu, is […]
April 16, 2019

PCC allows P6-billion power deal of AC Energy, Phinma

By Lenie Lectura – April 16, 2019 from Business Mirror THE Philippine Competition Commission (PCC) has cleared the P6-billion power deal between AC Energy Inc. and the Phinma Group. AC Energy and the Phinma Group said separately that they received […]
April 11, 2019

AboitizPower borrows $300 million from foreign banks to buy AC Energy’s thermal assets

By Lenie Lectura – April 11, 2019 from Business Mirror ABOITIZ Power Corp. signed a $300-million loan facility with foreign banks to partly finance its acquisition of AC Energy Inc.’s thermal assets. “AboitizPower signed a facility agreement with DBS Bank […]