March 20, 2021

Gas business pulls down First Gen earnings in 2020

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas First Gen Corp. of the Lopez Group posted P13.7 billion in net earnings last year, down 7 percent from the […]
March 20, 2021

ACEN approves P85.93B share swap deal with parent company

By Alena Mae S. Flores – March 19, 2021 at 08:35 pm from manilastandard.net AC Energy Corp. said Friday its board approved a property-for-share swap with parent company AC Energy and Infrastructure Corp. and the issuance of 16.68 billion shares […]
March 20, 2021

Electricity prices rise at spot market

By Alena Mae S. Flores – March 19, 2021 at 07:55 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines, which runs the Wholesale Electricity Spot Market, noted an increase in prices in March, averaging P4.23 per kilowatt-hour […]
March 19, 2021

Citicore unit taps Chinese firm for hydropower project

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror Rio Norte Hydropower Corp. (RNHC), a wholly-owned subsidiary of Citicore Power Inc., has tapped Chinese firm Xian Electric Engineering Co. Ltd. as its EPC (Engineering, Construction and Procurement) contractor for […]