October 11, 2019

Phinma Energy approves rights offering, swap

By Alena Mae S. Flores – October 10, 2019 at 08:15 from manilastandard.net The board of Phinma Energy Corp., to be renamed AC Energy Philippines, has approved a stock rights offering of up to 2.27 billion shares at a price […]
October 10, 2019

DOE-ERC policy tug-of-war snags approval of Meralco PSAs

By Myrna M. Velasco – October 9, 2019, 10:00 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) and its counter-party generation companies (GenCos) in the recently signed power supply agreements (PSAs) are ready to file their joint […]
October 10, 2019

MRC Allied formalizes entry in RE with maiden solar project

By Lenie Lectura -October 10, 2019 from Business Mirror MRC Allied Inc. launched last Tuesday its maiden solar-power project, formalizing its entry in the renewable-energy (RE) space. MRC Allied’s wholly owned subsidiary Menlo Renewable Energy Corp. (MREN) inaugurated its 550kWp […]
October 10, 2019

SMC power unit selling $500m worth of securities

By Alena Mae S. Flores – October 09, 2019 at 07:50 pm from manilastandard.net The board of SMC Global Power Holdings Corp. approved the sale of up to $500 million in undated senior perpetual capital securities based on prevailing market […]