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SPNEC starts commercial ops after initial asset buyout

SPNEC starts commercial ops after initial asset buyout
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SPNEC starts operations, acquires operating plants

SP New Energy Corp. has commenced the acquisition of the first batch of operating solar projects from its parent company Solar Philippines.

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Meralco to start talks on RE power supply agreement

The Manila Electric Co. (Meralco) will proceed to negotiate its 850 megawatt (MW) renewable energy power supply requirement following the failure of the second round of the competitive selection process (CSP) for Terra Solar Philippines Inc.’s unsolicited proposal. “We have already started direct negotiations with the original proponent and intend…

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Share swap, capital hike approved by SPNEC shareholders

Shareholders of Solar Philippines Nueva Ecija Corp. approved yesterday the increase in the company’s authorized capital stock to 50 billion shares from 10 billion shares, as well as the related share swap.

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SPNEC to absorb parent company via P60-B share swap

Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of th

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