October 7, 2022

San Miguel unit sets sights on selling power in WESM

BY LENIE LECTURA – OCTOBER 7, 2022 from Business Mirror SMC Global Power Holdings Corp. (SMCGP) will terminate its two power supply agreements (PSAs) with the Manila Electric Co. (Meralco) and sell the output of the two power plants in […]
October 5, 2022

DOE approves Razon’s acquisition of Malampaya operating stake

By Myrna M. Velasco – October 3, 2022, 2:48 PM from Manila Bulletin The Department of Energy (DOE) has approved the acquisition of the 45 percent operating equity in the Malampaya gas project by Razon-led Prime Exploration Pte. Ltd. for […]
October 4, 2022

Sale of Malampaya operator to Prime Infra secures nod

BY LENIE LECTURA – OCTOBER 4, 2022 from Business Mirror The Department of Energy (DOE) announced Monday that it has approved Razon-led Prime Infrastructure Capital Inc.’s (Prime Infra) acquisition of Malampaya gas project operator Shell Philippines Exploration B.V. (SPEX). Prior […]
October 1, 2022

DOJ sustains 40% foreign RE ownership rule

By Myrna M. Velasco – September 30, 2022, 2:24 PM from Manila Bulletin DOJ sustains 40% foreign RE ownership rule A legal opinion rendered by the Department of Justice (DOJ) has sustained the 40-percent ownership restriction being enforced on foreign […]