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.
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.
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.
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.
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.
Sunwest Water and Electric Co. Inc. (Suweco), led by Bicol-based businessman Elizaldy S. Co, is planning to spend about P800 million to put up four mini hydropower plants and a back-up bunker facility to serve the electricity requirements of Tablas Island in Romblon.
Nuclear energy is back on the government’s list of possible alternatives for power generation in the future, according to the Department of Energy, as it faces stiff opposition from environmentalists and various militant groups. Energy Secretary Carlos Jericho L. Petilla stressed that even before he was appointed to his current position, he was already [...]
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., targets to bid out by January next year the contract to provide modular units for the planned compressed natural gas station in Mamplasan, Laguna. This will allow the winning bidder to start as soon as possible the necessary civil [...]
Enfinity Philippines Renewable Resources Inc., the local unit of Belgian renewable energy developer Enfinity, is seeking approval for 11 service contracts covering its planned solar power projects in the country.
Lawmakers on Tuesday urged the government to hasten the implementation of its renewable energy act soon, saying that it could provide relief to rotating brownouts being experienced in the country.
Aboitiz Power Corp. is spending as much as P170 billion over the next several years to put up new power projects and rehabilitate existing facilities to maximize capacities and improve reliability—a move that is expected to shore up the available power supply across the country.
