March 2, 2022

SMPC profit leaps on coal price rally

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) posted its highest-ever net income last year. It ended 2021 with a net income of P16.2 billion, a 393-percent leap from the previous […]
March 1, 2022

Meralco income jumps 44% on energy demand recovery

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror THE Manila Electric Co. (Meralco) reported robust earnings in 2021 due to higher energy sales volume and contributions from its power generation business. Core profit grew by 13 percent to […]
March 1, 2022

SPNEC approves swap deal with parent firm

BY VG CABUAG – FEBRUARY 28, 2022 from Business Mirror THE board of listed firm Solar Philippines Nueva Ecija Corp. (SPNEC) has approved an asset-for-share swap involving the acquisition of Solar Philippines Power Project Holdings Inc. and 20 other units […]
March 1, 2022

Digos solar plant to boost capacity

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror THE Digos solar plant of Fort Pilar Energy Inc. (FPEI) is expected to operate at its expanded capacity to 40 megawatts (MW) by the end of the year. “We are […]