May 25, 2024

MGen obtains P2.79-b loan from Security Bank to roll out two solar projects

By Alena Mae S. Flores – May 24, 2024, 7:55 pm from manilastandard.net Meralco PowerGen Corp. (MGen) said Friday its subsidiaries tapped combined funding of P2.79 billion for solar power projects from Security Banking Corp. MGen said the units of […]
May 24, 2024

Red, yellow alerts raised over Luzon, Visayas grids

By Sheldeen Joy Talavera – May 23, 2024 | 9:22 pm from Business World THE Luzon and Visayas power grids were placed on red and yellow alerts on Thursday with more than 3,000 megawatts (MW) of capacity unavailable, according to […]
May 24, 2024

CREC slashes IPO price to P2.70 per share

By Jenniffer B. Austria – May 23, 2024, 8:05 pm from manilastandard.net Citicore Renewable Energy Corp., the power generation arm of businessman Edgar Saavedra, priced its initial public offering (IPO) at P2.70 per share, lower by 30.4 percent than the […]
May 23, 2024

ERC, BoI sign investment facilitation deal

By Sheldeen Joy Talavera – May 22, 2024 | 8:44 pm from Business World MOREPOWER.COM.PH THE Energy Regulatory Commission (ERC) and the Board of Investments (BoI) signed a memorandum of agreement (MoA) designed to facilitate investment via inter-agency collaboration. In […]