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Richmond Mercurio
Richmond Mercurio
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3 offshore wind contracts signed with foreign firms
by Richmond Mercurio - March 31, 2023 - 12:00am
The country’s offshore wind sector has attracted the first 100 percent foreign-owned development following the removal of foreign ownership restrictions on renewable energy projects in the Philippines last...
MGen starts Ilocos solar joint venture
by Richmond Mercurio - March 31, 2023 - 12:00am
CURRIMAO, Ilocos Norte – Meralco PowerGen Corp. the power generation arm of Manila Electric Co., is exploring more joint venture projects with Singapore-based renewable energy company Vena Energy following...
ACEN unit gets P5 billion for Zambales solar project
by Richmond Mercurio - March 31, 2023 - 12:00am
ACEN Corp. is infusing P5 billion into a wholly owned subsidiary to finance construction of a solar energy project in Zambales.
Meralco, SPPC ink power deal
by Richmond Mercurio - March 30, 2023 - 12:00am
Manila Electric Co. (Meralco) has secured a one year emergency power supply agreement with South Premiere Power Corp. for the supply of 300-MW baseload capacity.
CREIT income climbs last year
by Richmond Mercurio - March 30, 2023 - 12:00am
Citicore Energy REIT Corp. the country’s first renewable energy REIT, saw its net income expand by more than five times last year to P1.25 billion on the back of robust revenues.
Shell Pilipinas earnings up to P4.1 billion in 2022
by Richmond Mercurio - March 30, 2023 - 12:00am
Higher volume delivery boosted Shell Pilipinas Corp.’s earnings in 2022 despite challenges brought about by fuel price volatility, high inflation and peso depreciation.
ERC, NGCP should resolve ASPA issue – DOE
by Richmond Mercurio - March 29, 2023 - 12:00am
The Department of Energy is keeping its hands off National Grid Corp. of the Philippines request for intervention on possible month-on-month extensions of its existing ancillary services contracts to prevent potential...
Meralco forms new subsidiary
by Richmond Mercurio - March 29, 2023 - 12:00am
The Manila Electric Co. has formed a new subsidiary that will engage in electric energy and other alternative energy sources.
Pump prices down anew
by Richmond Mercurio - March 28, 2023 - 12:00am
The series of reductions in pump prices continues this week, as oil companies implement a rollback today.
NGCP warns of possible power outages this summer
by Richmond Mercurio - March 28, 2023 - 12:00am
The National Grid Corp. of the Philippines is seeking the Department of Energy intervention in preventing potential power outages following the denial by the Energy Regulatory Commission of its request for interim...
Dentsu tapped as foodpanda media partner in Asia Pacific
by Richmond Mercurio - March 12, 2023 - 12:00am
Dentsu International has been appointed by foodpanda, an online food and grocery delivery platform and lead brand for Berlin-based Delivery Hero in Asia, as its media partner for its Asia Pacific markets.
Mixed movement in pump prices seen
by Richmond Mercurio - March 12, 2023 - 12:00am
A mixed movement in pump prices is expected this week after last week’s price hikes.
Meralco rates up this month
by Richmond Mercurio - March 11, 2023 - 12:00am
Higher generation charge pushed up rates of the Manila Electric Co. this March, following a slight reduction last month.
Napocor wants clean energy usage in SPUG off-grid plants
by Richmond Mercurio - March 10, 2023 - 12:00am
State-owned National Power Corp. is teaming up with APTI Renewable Energy Corp. for the development of sustainable renewable energy using biofuel and biomass hybrid power in the off-grid areas of the country.
ACEN spending up to P70 billion this year as earnings grow
by Richmond Mercurio - March 10, 2023 - 12:00am
ACEN Corp. is preparing to spend P50 billion to P70 billion in capital expenditures this year to continue growing its renewable energy portfolio.
MORE Power boosting capacity in Iloilo City
by Richmond Mercurio - March 9, 2023 - 12:00am
Enrique Razon-led MORE Electric and Power Corp. is set to boost Iloilo City’s power capacity and reliability with the completion of a new substation.
Petron plans to raise P50 billion from preferred shares issue
by Richmond Mercurio - March 9, 2023 - 12:00am
Oil giant Petron Corp. is looking to raise as much as P50 billion from the issuance of preferred shares as the company turns its focus on growing its operations with full recovery now within reach.
ACEN to create preferred shares
by Richmond Mercurio - March 9, 2023 - 12:00am
ACEN Corp. is looking to amend its articles of incorporation in order to create preferred shares that will diversify the company’s sources of funding.
Synergy Grid declares P915 million cash dividends
by Richmond Mercurio - March 9, 2023 - 12:00am
Synergy Grid and Development Philippines Inc. is set to pay out cash dividend totaling P914.68 million for the first quarter.
Meralco to apply staggered hike in generation charge
by Richmond Mercurio - March 9, 2023 - 12:00am
Manila Electric Co. is giving its consumers a relief from the hefty hike in generation charge on their electricity bills this month by implementing a staggered increase.
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