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Aboitiz Power income soars 66% to P20 8 B in 2021

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), Fo

AEV earnings soar 77% in 2021

Meralco: SMC unit submits lowest bid

South Premiere Power Corp. (SPPC), a power arm of conglomerate San Miguel Corp. (SMC), submitted the lowest bid for the contract to supply 170-megawatt (MW) peaking power to the Manila Electric Co. (Meralco). During the competitive selection process (CSP) held February 2, the Third-Party Bids and Awards Committee (TPBAC) declared…

San Miguel wins Meralco 170-MW supply contract

The bid of South Premiere Power Corporation, a subsidiary of SMC Global Power, has been declared the "winning offer" in the 170-megawatt supply procurement of Manila Electric Company (Meralco) that will satiate its peaking power needs especially during the summer months. According to the third p

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