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The National Grid Corporation of the Philippines (NGCP) has energized new power transformers in several substations as part of the second stage of its North Luzon Substation Upgrading Project. To further improve power transmission services, the grid operator said on Thursday that it recently energized its 100 MegaVolt-Ampere (MVA) transformer… ....
The Manila Electric Co. (Meralco) said its energy sales volume went up by 2 percent year-on-year in the first three months of 2023. According to Meralco Chief Commercial Officer Ferdinand Geluz, energy sales of the utility firm reached 11,287 gigawatt hours (GWh) at end-March, higher than the previous year’s 11,069GWh.… ....
Atlas Consolidated Mining and Development Corp. on Thursday said its income plunged 78 percent to P264 million in the first quarter from the previous year’s P1.22 billion. “The lower income was mainly due to lower grade and milling tonnage as well as a non-recurring noncash gain booked in 2022 by… ....
Subic Bay Freeport Nidec Subic Philippines Corp., a Japanese firm manufacturing speed reducer gears for robotic applications, is set to undertake a P4-billion expansion program here in the next three years. This was disclosed by company president Takeshi Yamamoto and Nidec administration adviser Toshihiko Kasahara in a meeting with Subic Bay… ....
The board of property regional developer Cebu Landmasters Inc. (CLI) has approved the company’s P8-billion peso-denominated fixed rate bond float, which is part of the company’s P15-billion notes under shelf registration. The company said the offer consists of P5 billion in principal amount and P3 billion in oversubscription option. BPI… ....