Ayala unit sells stake in Iloilo power project
AC Energy Holdings Inc., a subsidiary of Ayala Corp., has sold its stake in a thermal power plant project with A. Brown Company Inc. in Iloilo province, the parent firms said in separate disclosures.
AC Energy Holdings Inc., a subsidiary of Ayala Corp., has sold its stake in a thermal power plant project with A. Brown Company Inc. in Iloilo province, the parent firms said in separate disclosures.
Despite protests, a home-grown corporation has partnered with two South Korean companies to develop a mini-hydro facility that is expected to help provide clean and cheap electricity for the province.
Aboitiz-led Therma South Inc. is seeking regulatory approvals to implement its power supply agreements with two electric cooperatives in Mindanao, as these contracts will help ensure adequate and reliable power supply by 2015.
The National Grid Corp. of the Philippines is investing P3 billion in a transmission line project that will accommodate the additional power capacities from new coal-fired and gas-fed facilities in Batangas.
The Japan International Cooperation Agency (Jica) has provided the Philippine government grants for the construction of two mini hydropower facilities in Ifugao and Isabela.
Energy Development Corp., the country’s largest producer of geothermal energy, is again stopping operations of the 55-megawatt Unit 1 of the Bacon-Manito geothermal plants, a month after it resumed operations.
Four hydropower plants are set to supply electricity to the Mountain Province by March 2016, having obtained government incentives, the Board of Investments (BOI) reported on Thursday. To date, the province does not have a single power generating facility of its own. The power facilities have a combined power capacity of 10.55 megawatts [...]
South Luzon Thermal Energy Corp., a partnership between Ayala-led AC Energy Holdings and Trans-Asia Oil and Energy Development Corp., is pushing through with plans to put up a second 135-megawatt coal unit in Batangas worth about P10 billion.
The government has approved tax perks for the Aboitiz group’s Tudaya 1 Hydroelectric power plant that aims to help augment Mindanao’s power supply.
National Grid Corp. of the Philippines is embarking on a critical P2.49-billion transmission project that will prepare its facilities in northern Luzon for the possible entry of wind-generated power.
Publicly listed Basic Energy Corp. has bagged three geothermal service contracts from the Department of Energy to explore and develop three frontier geothermal concession areas in Luzon.
National Grid Corp. of the Philippines (NGCP) is seeking regulatory approval to undertake the P36-billion Cebu-Negros-Panay interconnection project, to prepare the grid for the additional 491 megawatts of new capacity coming in by 2016. In a statement, NGCP said it had filed an application with the Energy Regulatory Commission to implement the first stage [...]
