March 4, 2025

Weak coal prices pull down earnings of Semirara in 2024

By Lenie Lectura – March 3, 2025 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) posted a 30-percent decline in earnings last year due to “normalizing” energy markets. In a report to the stock exchange Monday,  SMPC said […]
March 3, 2025

MGEN subsidiary expects to exceed 1,500MW target

By Lenie Lectura – March 3, 2025 from Business Mirror MERALCO PowerGen Corp. (MGen) subsidiary MGEN Renewable Energy Inc. (MGreen) expects to exceed its renewable energy (RE) target of 1,500 megawatts (MW) by 2030 from the current 344.5MW. For this […]
February 25, 2025

Meralco posts ‘remarkable’ 2024 financial results–exec

By Lenie Lectura – February 24, 2025 from Business Mirror The Manila Electric Co. (Meralco) saw its 2024 earnings rise due to higher electricity sales and significant contributions from its generation business. Consolidated core net income (CCNI) increased to P45.1 […]
February 24, 2025

San Miguel power arm set to go on expansion binge

By Lenie Lectura – February 24, 2025 from Business Mirror SAN Miguel Global Power Holdings Corp. (SMGP) is embarking on an expansion binge with at least P87 billion already set aside for thermal and gas projects. Mariveles Power Partners Co. […]