A. Brown unit inks power purchase deal
A. Brown Co. Inc. subsidiary Peakpower Energy Inc. signed an Electric Power Purchase Agreement (EPPA) with the Agusan del Sur Electric Cooperative Inc. (Aselco) early this month.
A. Brown Co. Inc. subsidiary Peakpower Energy Inc. signed an Electric Power Purchase Agreement (EPPA) with the Agusan del Sur Electric Cooperative Inc. (Aselco) early this month.
Just a few years ago, the government was worried sick of a “potential” power shortage in Western Visayas, particularly Iloilo province. Without much ado, the government quickly achieved an almost impossible feat. The government simply struck a deal with a publicly listed company, which made the company super-rich—to the tune of hundreds of millions [...]
Petroleum National Brunei, the national oil company of Brunei Darussalam, has signed an agreement with state-run Philippine National Oil Co. to jointly implement investment opportunities in the liquefied natural gas (LNG) and upstream oil sectors here. According to a document from the Department of Energy, the signing of the agreement was an offshoot of the [...]
Property giant Ayala Land Inc. and the Gatchalian family have finalized a deal to develop 17 hectares of the latter’s “Plastic City” estate
in Valenzuela City, envisioned to be redeveloped into a mixed-use urban complex in northern Metro Manila.
Greenergy Holdings Inc. (formerly MUSX Corp.) is expecting a P415-million capital infusion from Cleantech Projekgesellschaft mbH, a fund managed by ThomasLloyd Global Asset Management (Switzerland) AG of Zurich. In a disclosure to the Philippine Stock Exchange Thursday, Greenergy said it had signed an investment agreement with Cleantech, which was expected to subscribe to 20.78 [...]
The Social Security System has entered into an agreement with Citibank in relation to the pension fund’s plan to change its system of disbursing salary loans and benefits.
State-run Bases Conversion and Development Authority (BCDA) recently forged an agreement with the Turkish Confederation of Businessmen and Industrialists (Tuskon) to boost trade between Turkey and the Philippines.
The Asian Development Bank (ADB) has extended a grant of $650,000 (P27.3 million) to the Philippines to help sustain the continued growth of its business process outsourcing sector, one of the country’s top dollar-earning industries.
Maibarara Geothermal Inc., which is developing a P2.8-billion geothermal power plant in Mt. Makiling, signed last week an agreement with the University of the Philippines Los Baños for the proper and effective watershed management at the Maibarara service contract area in Batangas.
The overseas unit of broadcast giant GMA Network Inc. has signed a syndication deal for the distribution of its shows to different countries in four continents.
Cebu Energy Development Corp., a unit of the Metrobank Group, has secured regulatory approval for its power supply agreement with Bohol I Electric Cooperative Inc. (Boheco I).
Manila Jockey Club Inc. (MJCI), owner of Asia’s oldest racing club, will be putting up off-track betting (OTB) stations in casinos and VIP clubs being operated by Philippine Amusement and Gaming Corp. (Pagcor).
