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Listed Enex Energy Corp., which is majority owned by ACEN Corp., continues to scout for a joint partner to develop its oil and gas exploration contract, service contract (SC) 55, in the West Philippine Sea. SC55 continues to be under force majeure given geopolitical issues associated with the disputed waters.…
THE construction of critical transmission projects was completed in recent months. However, the Luzon and Visayas grids experienced rotating power outages early this week due to over 30 power plants either being shut down or operating at limited capacity. This time, the National Grid Corporation of the Philippines (NGCP) was…
THIS year’s push for renewable energy (RE) transition has undeniably made progress, but next year appears to be tougher for the power sector as experts warned that the El Niño phenomenon will persist until the second quarter. The policy reforms introduced by the Department of Energy (DOE) this year addressed…
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Ayala-led ACEN Corporation has signed a Php 11 billion sustainability-linked loan facility with the Bank of the Philippines Islands (BPI) and the Asian Development Bank..