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...

Meralco’s MGen takes control of Bulacan solar firm for P159M

By BusinessWorld   MERALCO PowerGen Corp. ( MGen) has gained control over a solar energy company in Bulacan by acquiring its co-owner’s shares for P158.95 million, its parent fi rm Manila Electric Co. ( Meralco) told the local bourse on Thursday. In a regulatory...

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...

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...

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...