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Brix Lelis
Brix Lelis
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Warnings raised on Maharlika mining investment
by Brix Lelis - March 7, 2025 - 12:00am
The latest investment of the country’s sovereign wealth fund could translate to P31 billion in environmental damage, according to an advocacy group.
ERC: Meralco’s refund decision out next week
by Brix Lelis - March 7, 2025 - 12:00am
The Energy Regulatory Commission is set to issue its decision on Manila Electric Co. (Meralco)’s P19-billion refund petition in the coming week, offering welcome relief to its customers.
WESM rates lowest in over 2 years
by Brix Lelis - March 6, 2025 - 12:00am
The average price of power in the Wholesale Electricity Spot Market declined for the third straight month in February, the lowest since January 2023.
ACEN eyes $13 million solar projects in Malaysia
by Brix Lelis - March 6, 2025 - 12:00am
Ayala-led ACEN is looking to further expand its footprint in Southeast Asia, planning to unlock solar power potential in Malaysia through a multimillion-dollar investment.
Yellow alert raised in Luzon grid
by Brix Lelis - March 6, 2025 - 12:00am
For the first time this year, the Luzon grid was placed under a yellow alert yesterday due to higher demand and forced outages of several power plants.
ACEN bags long-term service contract in Australia
by Brix Lelis - March 5, 2025 - 12:00am
Ayala-led ACEN Corp. has bolstered its presence in Australia after securing a multi-year service contract for its large-scale renewable energy storage project, ensuring stable revenue streams.
Petron looking to raise P32 billion via bond issuance
by Brix Lelis - March 5, 2025 - 12:00am
Listed oil giant Petron Corp. is further beefing up its war chest with the planned issuance of up to P32 billion worth of retail bonds this year.
Meralco expands power tie-up with KEPCO
by Brix Lelis - March 5, 2025 - 12:00am
Power giant Manila Electric Co. has further strengthened its partnership with Korea Electric Power Corp. in a bid to drive the adoption of innovative energy technologies.
Maharlika readies appointments to NGCP board
by Brix Lelis - March 5, 2025 - 12:00am
State-run Maharlika Investment Corp. has identified potential candidates for appointment to the board of the National Grid Corp. of the Philippines, according to a top executive.
Semirara income drops to P19.6 billion in 2024
by Brix Lelis - March 4, 2025 - 12:00am
The weaker selling prices in the energy market weighed on Consunji-led Semirara Mining and Power Corp., with its earnings declining by 30 percent to P19.63 billion in 2024 from P27.9 billion in 2023.
Oil firms cut prices by up to P1.40/liter
by Brix Lelis - March 4, 2025 - 12:00am
Oil companies are set to reduce fuel prices by up to P1.40 per liter today, while liquefied petroleum gas prices will also see a decline this month
MGen seen topping 1,500-megawatts renewable energygoal
by Brix Lelis - March 3, 2025 - 12:00am
Meralco PowerGen Corp. (MGen), chaired by tycoon Manuel V. Pangilinan, is on track to surpass its clean energy capacity target ahead of schedule, driven by a robust project pipeline.
First Gen building solar facility for Cebu’s Oakridge Business Park
by Brix Lelis - March 3, 2025 - 12:00am
Lopez-led First Gen Corp. is putting up a rooftop solar facility to energize Oakridge Business Park, a four-hectare mixed-use property in Mandaue City, Cebu.
SPNEC signs P150 billion loan for MTerra Solar
by Brix Lelis - March 1, 2025 - 12:00am
Pangilinan-led SP New Energy Corp. has secured a P150-billion financing deal from a consortium of six local banks to fund the construction of MTerra Solar in Central Luzon.
Government reopens bidding for CBK complex
by Brix Lelis - March 1, 2025 - 12:00am
The government is once again soliciting bids for the Caliraya-Botocan-Kalayaan hydropower complex in Laguna following a previous failed attempt to privatize the asset.
Fuel price rollback set next week
by Brix Lelis - March 1, 2025 - 12:00am
After two straight rounds of hikes, pump prices of petroleum products are poised to go down in the coming week.
Spain’s Repsol takes 40% stake in Unioil’s lubricants business
by Brix Lelis - February 28, 2025 - 12:00am
After signing a mega deal with Saudi Aramco last week, the Unioil Group of the Co family is greasing the wheels of its lubricant business with Madrid-based petrochemical firm Repsol S.A.
AboitizPower raising P100 billion from fixed-rate bond offering
by Brix Lelis - February 28, 2025 - 12:00am
Aboitiz Power Corp. is returning to the bond market after three years, this time planning to raise as much as P100 billion in fresh funds to beef up its war chest.
ACEN powering Innoland’s Aeon Center with clean energy
by Brix Lelis - February 28, 2025 - 12:00am
Ayala-led ACEN Corp. has teamed up with property developer Innoland Development Corp. to power Aeon Center, a 19-story office tower in Muntinlupa, entirely with renewable energy.
‘Singapore arbitration victory a vindication for NGCP’
by Brix Lelis - February 27, 2025 - 12:00am
The decisive victory of National Grid Corp. of the Philippines in its Singapore arbitration case serves as a clear “vindication” of its compliance with its concession agreement, according to an exec...
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