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CA maintains decision stopping coal-fired power plant project in Subic

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The Court of Appeals maintained its earlier decision dismissing the writ of kalikasan against the planned 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy) allowing the power firm to finally pursue its $1.28 billion project.

Posted: May 28th, 2013 in Latest Business Stories | Read More »

Lopez geothermal unit sets P7-B bond issue

Energy Development Corp., the country’s largest producer of geothermal energy, is seeking regulator’s approval to proceed with the issuance of fixed rate bonds next month to raise up to P7 billion.

Posted: March 8th, 2013 in Editor's Pick,Headlines | Read More »

Toledo Power taps P7-B loan facility

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Toledo power Co., a subsidiary of the Metrobank Group’s Global Business Power Corp., has tapped a P7-billion loan to fund the ongoing construction of its 82-megawatt coal-fired power plant in Toledo City, Cebu.

Posted: March 8th, 2013 in Headlines | Read More »

AC Energy of Ayala group to invest $200M in 2013

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Conglomerate Ayala Corp., through its energy arm AC Energy Holdings Inc., plans to invest as much as $200 million (roughly P8.2 billion) this year in several key power projects.

Posted: February 3rd, 2013 in Editor's Pick,Headlines | Read More »

Oil firm to start construction of $60-M biomass power plant

Eastern Petroleum, through renewable energy arm Eastern Renewables, will start constructing its $60-million (roughly P2.46 billion) biomass power plant in Mindanao by the third quarter of the year.

Posted: February 3rd, 2013 in Headlines | Read More »

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