Petron Corp., the country’s largest oil refiner and retailer, is building fuel storage facilities in Cavite, Navotas and Bataan, which will serve as new locations for the company’s depot operations. According to Petron chair Ramon S. Ang, the oil company will complete the transfer of its depot operations from Pandacan in Manila to the [...]
San Miguel Corp., through its power generation arm SMC Global Power Holdings (SMC Power), is investing $1.5 billion for its two planned power projects that can generate a total of 900 megawatts for the Luzon and Mindanao grids.
Energy Development Corp. (EDC), the country’s largest geothermal resources firm, signed a joint-venture agreement with Canada-based Alterra Power Corp. for the joint development of four geothermal concession areas in Chile and Peru.
Trans-Asia Oil and Energy Development Corp. has secured a “declaration of commerciality” certificate from the Department of Energy for its planned 54-megawatt wind farm in San Lorenzo, Guimaras.
Hong Kong-based Energy World Corp. Ltd. is set to complete within the first quarter next year a liquefied natural gas (LNG) hub in Quezon.
Local power developers Energy Development Corp. and Alternergy Wind One Corp. secured from the Department of Energy last Friday the “declaration of commerciality” for their wind power projects in Luzon.
State-run Power Sector Assets and Liabilities Management Corp. is set to bid out by July this year the 148.3-megawatt Naga power plant in Cebu, as part of the government’s efforts to sell all remaining state-owned power assets.
Lopez Holdings posted P1-billion in first-quarter net profit, 64-percent lower than the year-ago level, which was boosted by the group’s additional sale of its stake in Manila Electric Co.
Manila Electric Co., the country’s biggest power distributor, plans to invest P1.16 billion put up a new substation that will ensure adequate and reliable supply of power for the 120-hectare Entertainment City.
Semirara Mining Corp., the country’s biggest coal producer, posted a 42-percent decline in its net income after tax to P1.01 billion in the first quarter in 2013 from P1.73 billion in the same period last year.
The Department of Energy has begun seeking offers for the supply and delivery of the first batch of 3,000 electric tricycles under the government’s $500-million electric vehicle project.
Energy Development Corp., the country’s largest producer of geothermal energy, expects to generate as much as P1 billion in yearly revenue once a 20-megawatt geothermal facility in Southern Negros starts commercial operations next year.
