September 5, 2024

Meralco unit acquires P7.5-b SPNEC shares

By Jenniffer B. Austria – September 4, 2024, 7:50 pm from manilastandard.net Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., acquired P7.5 billion worth of shares in renewable firm SP New Energy Corp. (SPNEC). MGen acquired 5.8 billion […]
July 13, 2024

Meralco PowerGen executive appointed new head of SPNEC

By Jenniffer B. Austria – July 12, 2024, 9:55 pm from manilastandard.net The newly-appointed president and chief executive of Meralco PowerGen Corp. (MGen) was elected as the president of SP New Energy Corp (SPNEC). SPNEC said in a disclosure to […]
June 27, 2024

NexGen sets IPO price at P1.68, offer period starts July 1

By Jenniffer B. Austria – June 26, 2024, 8:30 pm from manilastandard.net Renewable energy firm NexGen Energy Corp. set the final price for its P580-million initial public offering (IPO) at P1.68 per share. NexGen said in a letter to the […]
May 29, 2024

EDC raises P10b from ASEAN green bond offering

By Jenniffer B. Austria – May 28, 2024, 9:15 pm from manilastandard.net The Energy Development Corp. (EDC), a unit of First Gen Corp., raised P10 billion from the issuance of fixed-rate ASEAN Green Bonds. EDC said in a statement Tuesday […]