AboitizPower 1Q profit down 53%
- April 28, 2022
Aboitiz Power Corporation recorded a 53% decline in its core net income for the first quarter of 2022 to Php2.9 billion versus from Php6.2 billion in the same period last year. In
Aboitiz Power Corporation recorded a 53% decline in its core net income for the first quarter of 2022 to Php2.9 billion versus from Php6.2 billion in the same period last year. In
Oil explorations in the West Philippine Sea (WPS) will no longer be resumed under the Duterte Administration to not “cause problems” with China, Defense Sec. Delfin Lorenzana said. Lorenzana, who also chairs
Amendments to Republic Act (RA) 8479 or the Oil Deregulation Law are unlikely to be passed within the current Congress, the Department of Energy (DOE) said. Energy Usec. Gerardo Erguiza said in
Norwegian firm Scatec ASA is looking to expand its renewable energy (RE) investments in the Philippines, including solar, wind, and battery energy storage system (BESS) installations. Scatec General Manager for Southeast Asia
The bill outlining the government’s policy on the regulation and development of electric vehicles (EV) in the country is now officially a law, as Republic Act (RA) 11697 or the Electric Vehicle
Lopez-led Energy Development Corporation (EDC) has formally launched the operations of its 3.6-megawatt (MW) Mindanao 3 (M3) binary geothermal power plant in Kidapawan City, North Cotabato. The new plant, an extension of
ACEN is looking to enter the renewable energy (RE) market in the United States by acquiring existing wind power projects on the other side of the world. This comes as Ayala’s power
The Energy Regulatory Commission (ERC) has scheduled a public hearing on the 170-megawatt (MW) power supply agreement (PSA) between the Manila Electric Company (MERALCO) and SMC Global Power Holdings – the power
Ayala-led ACEN is currently looking at opportunities for offshore wind energy locally, particularly in Batangas and Manila Bay, as well as in the region. “Offshore wind is one of the new technologies
Pilipinas Shell Petroleum Corporation (PSPC) has begun construction on its Darong Import Facility in Sta. Cruz, Davao Del Sur. With a rated capacity of 67 million liters of petroleum products, Shell said