ACEN hikes loan to unit
ACEN Corp. hiked its agreed loan to subsidiary YMP Telecom Power Inc. from P200 million to P466 million. In a disclosure to the Philippine Stock Exchange y...
Source: malaya.com.ph
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Noncash items weigh on ACEN net | The Manila Times
ACEN Corp. said Tuesday that its net income dropped by 43 percent to P7.40 billion last year, from P13.10 billion in 2023, 'due to a significant reduction in noncash items' from 2022.
Source: manilatimes.net
ACEN, BrightNight set up joint venture | The Manila Times
ACEN Corp. has expanded its partnership with US-based BrightNight LLC via the development of up to one gigawatt (GW) of renewable energy (RE) projects in the Philippines.
Source: manilatimes.net
Meralco rejects ACEN's P2.5-billion claim for supply agreements
ACEN Corp. wants to recover about P2.5 billion to offset soaring coal and fuel prices, according to the Manila Electric Co. (Meralco). The Meralco and ACEN have existing power supply agreements (PSAs) involving 110 megawatts (MW) of mid-merit capacity and 200MW of baseload capacity. The Meralco said it received Change…
Source: businessmirror.com.ph
ACEN taps Aussie banks to expand RE business
ACEN Corp. has executed facility agreements with subsidiary ACEN Australia, Australia and New Zealand Banking Group Ltd. (ANZ) and Westpac Banking Corp. (WBC) for renewables expansion in Australia. In a disclosure to the stock exchange, ACEN said Tuesday each bank is providing a green term loan facility with up to…
Source: businessmirror.com.ph