May 21, 2021

ACR hydro plant to start operations in 2022

BY LENIE LECTURA – MAY 21, 2021 from Business Mirror Alcantara-led Alsons Consolidated Resources Inc. (ACR) said Thursday its P4.5-billion run-of-river hydroelectric power plant would commence operating next year. The 14.5 megawatt (MW) Siguil Hydro power project is currently under […]
May 21, 2021

Udenna is buyer of Shell’s 45% stake in Malampaya

By Myrna M. Velasco – May 20, 2021, 5:33 PM from Manila Bulletin Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority […]
May 20, 2021

NGCP to comply with ERC directive for maiden offer

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror The National Grid Corporation of the Philippines (NGCP) said Thursday that it would comply with the regulator’s directive to complete the requirements for its initial public offering (IPO) and pursue […]
May 20, 2021

AC Energy to build ₧11.4-B wind farm in Ilocos Norte

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror AC Energy Corp. (ACEN), the energy arm of Ayala Corp., will put up the country’s biggest wind farm in Ilocos Norte worth P11.4 billion. The 160MW Balaoi and Caunayan wind […]