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Owing to disrupted fuel supply in its gas-fired power plants due to the depleting state of the Malampaya gas field, the recurring net income of First Gen Corporation in the first half decelerated by 13 percent to P6.6 billion ($128 million) from a rosier financial outcome of P7.8 billion ($148 milli
Fuel availability issues dragged down earnings of First Gen Corp. in the first half despite achieving higher revenues.
The Monde Nissin group has tapped First Gen Corp. subsidiary Energy Development Corp. for the supply of renewable energy.
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the
With the repricing of fuel supply from the Malampaya gas field, power utility giant Manila Electric Company (Meralco) is expecting upward adjustment in the electric bills to their customers in this August billing cycle. According to Meralco, while all billings from its power suppliers are stil