December 19, 2017

San Miguel unit to purchase Masinloc Power for $1.9B

By Lenie Lectura – December 18, 2017 from Business Mirror SMC Global Power Holdings Corp. (SMCGPH), the power arm of conglomerate San Miguel Corp., is buying Masinloc Power Plants Co. Ltd. (MPPCL) for $1.9 billion. MPPCL is 51-percent owned by […]
December 19, 2017

SN Aboitiz Power deems 2017 a ‘very strong year

By Lenie Lectura – December 18, 2017 from Business Mirror SN Aboitiz Power (SNAP) said on Monday it considers 2017 as a “very strong year” as the company expects revenue and profit expected to soar. SNAP President Joseph Yu said revenue “almost” […]
December 19, 2017

Pending hike on coal tax prompts Meralco unit to eye wind energy

By Lenie Lectura – December 17, 2017 from Business Mirror THE power-generation arm of Manila Electric Co. (Meralco) is “seriously” looking at venturing into wind energy amid an impending rise in coal taxes. “We’ve been asked to look at wind proposals,” Meralco […]
December 13, 2017

Transco, LRA ink deal for ROW-land purchase

By Lenie Lectura – December 12, 2017 from Business Mirror THE National Transmission Corp. (Transco) and the Land Registration Authority (LRA) signed last Tuesday a memorandum of agreement (MOA) that will pave the way for the former to acquire all titled properties falling within […]