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Press Releases

A1E, E-Sakay turn over e-jeep to Quezon LGU

A1E, E-Sakay turn over e-jeep to Quezon LGU

Atimonan Mayor Rustico Joven Mendoza onboard the electric jeepney turned over by A1E and eSakay.   Residents in Atimonan in Quezon province will have an alternative means of going around after the local government unit (LGU) received a new e-vehicle that will...

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In the News

DoE accepts bids for potential

BY Maria Romero | The Daily Tribune   The Department of Energy (DoE) said it has started accepting bids for 22 predetermined areas for potential geothermal and hydropower resources to accelerate the country’s renewable energy (RE) development. In its 3rd Open and...

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50-MW Bulacan solar project to open in Q1

BY Alena Mae S. Flores | Manila Standard   Meralco PowerGen Corp., which took a majority stake in PowerSource First Bulacan Solar Inc., expects the completion of a 50-megawatt solar power plant in the first quarter. Manila Electric Co. said in a disclosure to the...

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MGen sets aside P159M for bigger stake in solar unit

By: Ronnel W. Domingo | Philippine Daily Inquirer   The power generation arm of Manila Electric Co. (Meralco) has earmarked P158.95 million to secure a controlling interest in an affiliate that is building a solar farm in Bulacan province. Meralco said in a...

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Meralco unit buys stake in PFBSI

By Lorenz S. Marasigan | Business Mirror   The power generation arm of Manila Electric Co. (Meralco) said on Thursday it spent P158.95 million to acquire a 20-percent shareholding in PowerSource First Bulacan Solar Inc. (PFBSI), a company that is currently...

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Meralco unit buys stake in PFBSI for P159M

By Jordeene B. Lagare | Manila Times   The power generation arm of the Manila Electric Co. (Meralco) is acquiring a 20-percent stake in PowerSource First Bulacan Solar Inc. (PFBSI) for P159 million. In a disclosure of Thursday, the listed electricity distributor...

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PHL needs a clear energy transition plan

By Business Mirror Editorial   Will the pandemic lead to social revolts? Recent reports on vaccines working effectively make us optimistic about the Philippine economic forecast in 2021. Effective vaccines will help ignite faster economic recovery. Government has...

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Meralco says sale price of GBPC is fair, reasonable

By Alena Mae S. Flores | Manila Standard   Manila Electric Co. said Monday the acquisition price of P34.466 billion that wholly-owned unit Meralco PowerGen Corp. paid for the 86-percent stake in Global Business Power Corp. is “fair and reasonable.” Meralco said...

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