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First Gen, EDC earmark $1B for power projects


Lopez-led firms First Gen Corp. and Energy Development Corp. (EDC) will spend at least $1 billion (about P45 billion) this year to implement their power projects that can generate 600 megawatts of power.

Posted: February 27th, 2014 in Headlines | Read More »

Biz Buzz: Courtship kinks


The new round of talks between the group of businessman Manuel V. Pangilinan and the triumvirate behind broadcasting giant GMA 7 appears to be getting along.

Posted: January 22nd, 2014 in Headlines | Read More »

Power projects drive up 9-month investment pledges


The Board of Investments on Wednesday said it had approved P309.7 billion worth of investments from January to September this year, up by 25 percent from P248.2 billion a year ago.

Posted: October 24th, 2013 in Headlines | Read More »

A Brown Co. eyes 12 power facilities in Mindanao


Publicly listed A Brown Co. Inc. plans to put up 12 power projects that will generate a total of 110 megawatts of “peak” capacity for electricity-starved Mindanao.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

Aboitiz set to complete vital projects in Mindanao


Aboitiz Power Corp. is on track to completing P35 billion worth of projects in Mindanao, which can deliver over 300 megawatts of much-needed power to the electricity-starved island by 2015.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

First Gen sets aside $2B for projects

First Gen Corp. of the Lopez group has set aside close to $2 billion (roughly P82 billion) to put up natural gas and hydropower projects over the next five years, in anticipation of the country’s need for additional capacities.

Posted: February 7th, 2013 in Headlines | Read More »

Alsons to secure new loans to bankroll projects


Alsons Consolidated Resources Inc. of the Alcantara family is set to tap new loan facilities to help raise funds for roughly P14 billion worth of power projects in Mindanao.

Posted: January 21st, 2013 in Headlines | Read More »

Ayala readies $2.5B worth of power projects


Conglomerate Ayala Corp. is embarking on $2.5 billion worth of power projects to build a portfolio of about 1,000 megawatts over the next five years as it eyes to make energy one of its core businesses over the long term.

Posted: August 31st, 2012 in Editor's Pick,Headlines | Read More »

Aboitiz Power tapping loans for 2 coal-fired power projects


Aboitiz Power Corp. expects to sign by early next year two loan agreements that will help finance two crucial coal-fired power plants—one in Luzon and the other in Mindanao—worth a total of $1.82 billion (about P78 billion).

Posted: July 23rd, 2012 in Headlines | Read More »

First Gen to invest $1B for natural gas plants


The Lopez-led First Gen Corp. is eyeing to invest as much as $1 billion—or roughly P43 billion at the prevailing exchange rate—to finally pursue the expansion of its two natural gas-fired facilities in Batangas through the 500-megawatt San Gabriel power project.

Posted: June 4th, 2012 in Headlines | Read More »

DoE sees more plants going online


The Department of Energy (DoE) expects 10 committed projects to shore up the country’s power supply by 944 megawatts and help ease any shortfalls this year through 2018.

Posted: March 19th, 2012 in Headlines | Read More »



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