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The net income of Aboitiz Power Corporation had soared 66-percent to P20.8 billion last year from P12.6 billion in 2020 on capacity addition of 668 megawatts from the unit 1 of its Dinginin coal-fired power plant and higher capacity injection into the Wholesale Electricity Spot Market (WESM),
Meralco to hold competitive auction for supply contract businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
Published June 10, 2021, 8:00 AM The Subic Bay Metropolitan Authority (SBMA) is looking for partners in the Redondo Peninsula, which development is expected to open a new wave of economic activities in the area. At the virtual Business and Investment Climate webinar by the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI), SBMA manager Karen Magno said the development of Redondo Peninsula will open more industries, such as renewable energy, industrial parks, and other support activities for the freeport locators. “Of course, we would like to invite everyone. If you know someone who would like to be in partnership with SBMA for the development of the bridge and Redondo to open up new opportunities we will be very happy to discuss the details with you,” said Magno. ....
Green energy group hopeful Meralco will exit Atimonan coal project enablePagination: false endIndex: Metro Manila (CNN Philippines, April 30) The Power for People Coalition (P4P) is optimistic the proposed coal-fired power plant of the Manila Electric Company in Atimonan, Quezon will not push through. This, as an energy consortium pulled out from financing the 660-megawatt Subic coal project which is under Redondo Peninsula Energy Inc. (RP Energy). It is a joint venture between Meralco’s generation arm Meralco PowerGen, Aboitiz Power Corporation, and Taiwan Cogeneration Corp. We hope the shelving of the Subic project means Meralco is finally starting to see sense and would soon have more coal cancellations to announce, Gerry Arances, convenor of P4P, said in a statement. ....