Despite setting a lower capital expenditure for 2015, Aboitiz Equity Ventures Inc. gave its power business the lion’s share of the budget, the company said Tuesday.
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Supreme Court clears way for construction of 600-MW coal-fired facility MANILA, Philippines – Meralco Power Gen (MGen), the power generation arm of Manila Electric Co., can now proceed with the construction of a 600-megawatt coal-fired power plant at the Subic Bay Freeport Zone following the decision of the Supreme Court declaring the project as valid.
MANILA — Power distributor Meralco will add the renewable energy (RE) Feed-In-Tariff (FIT) allowance charge of 4 centavos per kilowatt-hour (kWh) to its consumer billing this February.
A COAL-FIRED power project of AboitizPower Corp. unit will break ground soon, possibly within the current quarter, a top official of the power firm said on Wednesday.
MANILA, Philippines–Manila Electric Co. (Meralco) is set to seek financing for the long-delayed 600-megawatt (MW) coal-fired power plant in Subic that is up for development following the Supreme Court decision denying an environmental case against the project.
Redondo Peninsula Energy Inc., a company led by Manila Electric Co., said Wednesday it will proceed with the construction of the 600-megawatt coal-fired power plant at the Subic Bay Freeport Zone this year, following a favorable ruling from the Supreme Court.
MANILA – The Aboitiz Group is spending bulk of this year’s capital outlay on its power business. In a statement, Aboitiz Equity Ventures Inc. (AEV) said it is setting aside P60 billion for its capex, with its power-sector subsidiary getting the lion’s share.
THE SUPREME COURT finally cleared the way for a Meralco-led consortium to build its long-delayed 600-megawatt coal-fired power plant in Subic, Zambales.
INDOPHIL Resources NL — a key investor in what is potentially the biggest foreign direct investment in the country, the Tampakan gold-copper project — has been formally delisted from the Australian Securities Exchange (ASX) after being acquired by Philippine-based Alsons Group.
LUCENA CITY—The Quezon Sangguniang Panlalawigan (Provincial Council) unanimously approved recently the construction of a coal-fired power plant in Atimonan.
A Supreme Court has upheld the validity of an environmental compliance certificate (ECC) issued by the government in December 2008 to a firm planning to build a P56-billion, 600-megawatt power plant in Subic, Zambales.
A ‘test run’ will be undertaken for the participants of the interruptible load program (ILP) – it being a core solution to the country’s anticipated power supply problems during the summer months.