March 17, 2022

GNPD coal-fired power plant trips

BY LENIE LECTURA – MARCH 16, 2022 from Business Mirror The 668-megawatt (MW) supercritical coal-fired power plant of GNPower Dinginin Ltd. Co. (GNPD) tripped Wednesday morning due to faulty sensor, an official of Aboitiz Power Corp. said. The incident led […]
March 16, 2022

Aboitiz unit sets ₧28-B capex

BY LENIE LECTURA – MARCH 15, 2022 from Business Mirror Aboitiz Power Corp. is setting aside P28 billion in capital expenditures (capex) for this year to finish its power projects and build new plants. The amount is higher than the […]
March 16, 2022

PERC to use part of SRO proceeds for RE projects

BY LENIE LECTURA – MARCH 15, 2022 from Business Mirror PetroEnergy Resources Corp. (PERC), a member of the Yuchengco Group of Companies (YGC), said Tuesday it would reallocate the remaining proceeds of its 2018 stock rights offer (SRO) to partly […]
March 14, 2022

ERC to Meralco: Customers entitled to additional refund

BY LENIE LECTURA – MARCH 14, 2022 from Business Mirror The Energy Regulatory Commission (ERC) has ordered the Manila Electric Co. (Meralco) to refund its customers an additional P4.8 billion after it recomputed the utility firm’s Actual Weighted Average Tariff […]