April 18, 2023

PSALM cuts debt by ₧18.39B in Q1

BY LENIE LECTURA – APRIL 18, 2023 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) trimmed its debts by P18.39 billion to P328.37 billion in the first quarter. At end-March, the state firm’s principal debt stood […]
April 17, 2023

Meralco unit to invest in LNG

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror Atimonan One Energy (A1E), a wholly-owned subsidiary of Manila Electric Co.’s (Meralco) power generation arm Meralco PowerGen Corp. (MGen), is now shifting to liquefied natural gas (LNG). The Meralco unit […]
April 17, 2023

Meralco, South Premiere ink 180-MW power supply deal

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror The Manila Electric Co. (Meralco) and South Premiere Power Corp. (SPPC) have entered into another emergency power supply agreement (EPSA) covering 180 megawatts (MW) of baseload capacity. “We already executed […]
April 10, 2023

Meralco energizes solar power station in Bulacan

BY LENIE LECTURA – APRIL 10, 2023 from Business Mirror The foundation arm of the Manila Electric Co. (Meralco) has energized a 3-kilowatt portable solar photovoltaic system in Norzagaray, Bulacan. One Meralco Foundation (OMF) said over 100 families of the […]