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Danessa Rivera
Danessa Rivera
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DOE drawing up template for competitive biddings
by Danessa Rivera - November 12, 2019 - 12:00am
The Department of Energy will come out with a standard template for power distributors to conduct competitive biddings to avoid issues and ensure the least cost of electricity.
Pilmico sees challenging 2020
by Danessa Rivera - November 10, 2019 - 12:00am
Pilmico Foods Corp., the food business of Aboitiz Equity Ventures Inc., expects the first half of 2020 to be challenging amid the African swine flu virus that quickly swept the country.
Diesel prices down next week
by Danessa Rivera - November 10, 2019 - 12:00am
Oil companies are expected to roll back prices for diesel but raise those for gasoline next week.
Semirara income slips to P8.25 Billion
by Danessa Rivera - November 9, 2019 - 12:00am
Power plant shutdowns continued to weigh down profits of Semirara Mining and Power Corp.
AEV profit drops 9% in 9 months
by Danessa Rivera - November 9, 2019 - 12:00am
Aboitiz Equity Ventures Inc. reported a nine percent drop in net earnings as of the end of September to P15.7 billion as its power unit continued to struggle amid power supply issues.
SMC power unit raises $500 Million from perpetual notes issuance
by Danessa Rivera - November 8, 2019 - 12:00am
e power unit of diversified conglomerate San Miguel Corp. has raised $500 million in funding from the issuance of senior perpetual capital securities in Singapore.
Aboitiz Group sees better prospects for 2020
by Danessa Rivera - November 8, 2019 - 12:00am
After a challenging 2019, the Aboitiz Group sees better prospects next year amid new developments and projects coming on stream, particularly in the power business.
SMC power unit raises $500 Million from perpetual notes issuance
by Danessa Rivera - November 8, 2019 - 12:00am
e power unit of diversified conglomerate San Miguel Corp. has raised $500 million in funding from the issuance of senior perpetual capital securities in Singapore.
Higher electricity rates this month
by Danessa Rivera - November 8, 2019 - 12:00am
Customers of Manila Electric Co. will see higher electricity rates this month as plant shutdowns pushed up prices in the spot market, increasing overall generation charge.
Ayala buys Marubeni stake in South Luzon Thermal Energy Corp.
by Danessa Rivera - November 6, 2019 - 12:00am
The Ayala Group is acquiring the stake of Japan’s Marubeni Corp. in South Luzon Thermal Energy Corp. to further boost the cash flow of AC Energy Philippines Inc..
Petron profit falls 70% to P3.6 billion in 9 months
by Danessa Rivera - November 6, 2019 - 12:00am
Petron Corp. continued to post lower earnings as of the end of September due to low refining margins amid worsening oil smuggling in the country.
Meralco firms up focus on domestic expansion
by Danessa Rivera - November 5, 2019 - 12:00am
Manila Electric Co. is focusing its expansion domestically after its overseas ventures are unfruitful, its top official said.
ERC starts probe on PECO
by Danessa Rivera - November 4, 2019 - 12:00am
The Energy Regulatory Commission has commenced its probe on Panay Electric Co. following a complaint of poorly maintained distribution lines from Iloilo City’s mayor.
Mass housing developers urgedto put up solar powered homes
by Danessa Rivera - November 3, 2019 - 12:00am
Mass housing developers are being urged to put up solar powered homes to empower households.
PSALM sets new bidding round for idle assets
by Danessa Rivera - November 3, 2019 - 12:00am
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has generated enough interest for its various idle properties up for sale.
Oil prices rolled back anew this week
by Danessa Rivera - November 3, 2019 - 12:00am
Oil companies have set another round of minimal price cuts this week as international prices posted losses in the past trading week.
Vivant unit inks Bantayan Island deal
by Danessa Rivera - November 2, 2019 - 12:00am
A unit of Cebu-based Vivant Corp. has secured a deal to supply power to Bantayan Island, a rising tourist destination in the province.
System losses of power coops improve to 10.38% in 2018
by Danessa Rivera - November 1, 2019 - 12:00am
Power distribution in the provinces has improved in the countryside as power coops reported lower system losses in the first half, according to data from the National Electrification Administration.
Meralco urged to open 2nd CSP to all power plants
by Danessa Rivera - November 1, 2019 - 12:00am
Manila Electric Co. should open the second round of its competitive selection process to all power plants – whether old or new – to truly allow competition and get the least cost of power for consum...
DOE accepting applications to develop exploration area in Palawan
by Danessa Rivera - October 31, 2019 - 12:00am
The Department of Energy has opened its doors for applications to develop a nominated exploration area in northeast Palawan.
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