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Richmond Mercurio
Richmond Mercurio
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9 firms vie for microgrid system
by Richmond Mercurio - November 23, 2023 - 12:00am
A total of nine companies, including Manila Electric Co. and DMCI of the Consunji Group, are eyeing to participate in the first-ever bidding for the development of microgrid systems in the country.
No ERC decision yet on Meralco’s 5RP application withdrawal
by Richmond Mercurio - November 23, 2023 - 12:00am
The Energy Regulatory Commission has yet to come out with a decision on Manila Electric Co. urgent omnibus motion to withdraw its fifth regulatory period application for its proposed annual revenue requirement...
ACEN may hit 5 GW RE goal ahead of 2025 target
by Richmond Mercurio - November 23, 2023 - 12:00am
ACEN Corp. is poised to reach its five gigawatts of renewable energy capacity target very soon, ahead of its 2025 original schedule, as the company prepares to complete more projects in the next few months.
DOTr: Consolidation for PUV modernization program non-negotiable
by Richmond Mercurio - November 23, 2023 - 12:00am
The Department of Transportation may consider granting the demands and requests of transport groups on the public utility vehicle modernization program, but not the call to scrap the consolidation requirement.
JG Summit unit installs rooftop-mounted solar project
by Richmond Mercurio - November 22, 2023 - 12:00am
The renewable energy arm of conglomerate JG Summit Holdings Inc. has installed one of the largest rooftop-mounted solar energy projects in the country.
PLDT gets highest rating for protecting kids’ rights
by Richmond Mercurio - November 22, 2023 - 12:00am
Telco giant PLDT Inc. has received the highest rating among Philippine companies in a global report assessing the degree to which businesses address and integrate children’s rights.
6 bidders vie for Meralco CSP
by Richmond Mercurio - November 22, 2023 - 12:00am
San Miguel, First Gen, and an Aboitiz-Ayala-led joint venture are among those looking to vie for the 1,800-megawatt of power supply to be procured by the Manila Electric Co. through a competitive selection proc...
PWEI to complete phase 2 of Nabas wind project
by Richmond Mercurio - November 21, 2023 - 12:00am
Yuchengco-led PetroWind Energy Inc. is poised to expand its capacity next year with the completion of the second phase of its wind project in Aklan.
SNAP partners with Napocor
by Richmond Mercurio - November 21, 2023 - 12:00am
SN Aboitiz Power Group, a joint venture between Aboitiz Power Corp. and Norwegian firm Scatec, is joining forces with the National Power Corp. for a watershed conservation undertaking in Benguet.
ACEN retail electricity arm tapped by Zuellig for RE
by Richmond Mercurio - November 21, 2023 - 12:00am
ACEN Renewable Energy Solutions, the retail electricity arm of the Ayala group’s listed energy platform ACEN, has teamed up with healthcare solutions company Zuellig Pharma to supply 100 percent renewable energy...
Oil firms implement another round of rollbacks
by Richmond Mercurio - November 21, 2023 - 12:00am
Local oil firms are implementing another round of price rollbacks today, extending the reductions for diesel and kerosene to a fourth straight week, and that of gasoline to a third week.
SMGP taps $50 million term loan from foreign bank
by Richmond Mercurio - November 20, 2023 - 12:00am
San Miguel Global Power Holdings Corp. (SMGP), the energy arm of conglomerate San Miguel Corp., has tapped a $50 million term loan from a facility agreement with a foreign bank.
Philippines may attain 100 percent renewable energy by 2050 – report
by Richmond Mercurio - November 20, 2023 - 12:00am
The Philippines is completely capable of going all in on renewable energy by 2050, according to a new report commissioned by sustainability think tank Center for Energy, Ecology and Development.
Leynes aims to bring TransCo to new heights
by Richmond Mercurio - November 19, 2023 - 12:00am
Newly appointed National Transmission Corp. president and CEO Fortunato Leynes intends to guide the state-owned corporation to new heights in the coming years as he brings to the organization over four decades...
First Gen awards new LNG contract
by Richmond Mercurio - November 18, 2023 - 12:00am
Lopez-led First Gen Corp. has awarded the contract for a new shipment of the company’s liquefied natural gas (LNG) supply requirement to Trafigura Pte. Ltd.
Phoenix stays bullish on road to recovery
by Richmond Mercurio - November 18, 2023 - 12:00am
Phoenix Petroleum Philippines Inc. of Davao-based businessman Dennis Uy remains bullish on its recovery path despite challenges and setbacks.
ACEN Corp reallocates proceeds from share offer
by Richmond Mercurio - November 18, 2023 - 12:00am
ACEN Corp. is reallocating the use of net proceeds from the company’s preferred shares issuance in September.
Minimal oil price cuts seen
by Richmond Mercurio - November 18, 2023 - 12:00am
Pump prices could see another round of rollbacks next week, although minimal.
Philippines, US sign nuclear cooperation deal
by Richmond Mercurio - November 18, 2023 - 12:00am
The Philippines and the United States have signed a landmark agreement that will allow Washington to export nuclear technology and equipment to Manila for peaceful uses, a deal seen to help the Marcos administration...
REDC sees profit spike in 2024
by Richmond Mercurio - November 17, 2023 - 12:00am
Repower Energy Development Corp. is targeting a significant profit growth next year as the company continues to expand its portfolio nationwide.
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