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First Gen, EDC earmark $1B for power projects

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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

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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

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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

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brown

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

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aboitiz

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

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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

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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

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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

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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

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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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