December 21, 2023

Meralco to cap offered capacity on baseload supply

By Alena Mae S. Flores – December 20, 2023, 7:25 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) will issue a bid bulletin revising the maximum offered capacity for its 1,800-megawatt (MW) baseload supply requirement. Meralco senior assistant vice […]
December 13, 2023

SPNEC buys 100% of Prime Infra’s shares in Terra Solar PH for P6b

By Alena Mae S. Flores & Jenniffer B. Austria – December 12, 2023, 9:10 pm from manilastandard.net SP New Energy Corp. (SPNEC) said Tuesday it acquired 100 percent of the shares of Prime Infrastructure Inc. in Terra Solar Philippines Inc. […]
December 2, 2023

Meralco unit pays P7b to acquire stake in solar power firm SPNEC

By Jenniffer B. Austria – December 1, 2023, 9:40 pm from manilastandard.net Manila Electric Co. through its unit MGen Renewable Energy Inc. (Mgreen) made an initial payment of P7 billion as part of its plan to acquire a majority stake […]
November 8, 2023

Meralco expects to complete purchase of SPNEC’s majority stake this year

By Alena Mae S. Flores – November 7, 2023, 8:12 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) expects to complete the acquisition of a majority stake in SP New Energy Corp. (SPNEC) by yearend, a top executive said […]