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SMC pursues sale in 2014 of power unit stake for $1B

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Conglomerate San Miguel Corp. will pursue the sale of 49 percent of its power generation unit for as much as $1 billion, through an initial public offering next year.

Posted: December 27th, 2013 in Headlines | Read More »

San Miguel plans to take power generation business public

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SMC president Ramon S. Ang: Confirmation.  AP FILE PHOTO

San Miguel Corp. plans to offer its power generation business to the public this 2014 and to expand its energy portfolio through more acquisitions.

Posted: December 27th, 2013 in Latest Business Stories | Read More »

Solon pines for pre-Epira days in power generation

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Screengrab from Napocor website http://www.napocor.gov.ph/

The head the House committee on energy is yearning for the days before the government handed over to the private sector the keys to the power generation industry under the Electric Power Industry Reform Act (Epira) 12 years ago.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Meralco sets power plant in Quezon

The power generation arm of Manila Electric Co. (Meralco) is set to put up a 460-megawatt coal-fired power plant in Quezon in partnership with Thailand’s Electricity Generating Public Co. Ltd. (Egco).

Posted: August 27th, 2013 in Headlines | Read More »

Meralco eyeing SMC power assets

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Manuel V. Pangilinan    INQUIRER FILE PHOTO

Manuel V. Pangilinan-led Manila Electric Co., which is making an aggressive push into power generation, may acquire stakes in power assets that San Miguel Corp. may offer to strategic investors or to the public through the stock market.

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

Consunji group expanding power generation business

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DMCI Holdings president Isidro Consunji: Another power plant  PHOTO FROM DMCIRESIDENCES.COM

Consunji-led conglomerate DMCI Holdings expects core earnings to decline this year with the reduction of its stake in water utility Maynilad Water Services Inc.

Posted: August 1st, 2013 in Latest Business Stories | Read More »

Ayala commits P13.3 B for power projects

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power plant

AC Energy Holdings Inc. has already committed $325 million (or roughly P13.3 billion) in equity investments for four power projects, out of its planned $700-million capital outlay for the energy sector over the next five years.

Posted: April 19th, 2013 in Latest Business Stories | Read More »

Korean company plans power plant in Iloilo

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A South Korean power company is eyeing to build a $22-million (P895.84 million) biomass power plant in Iloilo that is expected to boost the supply of energy on Panay Island.

Posted: March 30th, 2013 in Latest Business Stories | Read More »

Aboitiz group to supply NGCP with standby power

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aboitiz

Aboitiz Power Corp. said Friday three of its affiliates have agreed to supply the National Grid Corp. of the Philippines with ancillary services — standby power supply that can be tapped in case the regular supply falls short of the requirement—to help ensure the “integrity” of the main power grid.

Posted: March 15th, 2013 in Latest Business Stories | Read More »

First Gen reports net income of $181 M in 2012

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first gen logo

The Lopez-led First Gen Corp. increased its net income to $186.1 million last year from the $35 million the previous year on the back of the strong performance of its power business.

Posted: March 15th, 2013 in Latest Business Stories | Read More »

Pangilinan-Gokongwei alliance to pursue power deals

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Manuel V. Pangilinan is ready to take his group’s business partnership with the Gokongwei family a step further, eyeing possible new projects in the power generation sector to meet the country’s growing demand.

Posted: March 6th, 2013 in Headlines | Read More »

Aboitiz Power to invest P85B in energy projects

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Aboitiz Power Corp. is embarking on P85 billion worth of power-generation facilities that will add about 1,500 megawatts to the Luzon and Mindanao grids in four years’ time.

Posted: February 14th, 2013 in Headlines | Read More »

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