JORDEENE SHEEX LAGARE

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Maynilad Water Services, Inc. is spending P375 million for a P749-million project to assist in the rehabilitation of the 13.4-kilometer Angat-Umiray transbasin tunnel located in the municipality of General Nakar in Quezon. One of Metropolitan Waterworks and Sewerage System (MWSS)’s common purpose facilities, the transbasin tunnel plays a vital part…

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AYALA-LED Manila Water Co. Inc. has broken ground on a 100 cubic-meter underground reservoir project in Barangay San Roque in Cainta, Rizal, which will provide water to evacuation centers once it is completed. Manila Water said on Thursday that it was building emergency reservoirs to provide a three-day potable water…

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Lending in the Philippine power industry is expected to slow further next year as fewer power plants are being constructed in the country, a banking official said. BDO Capital and Investment Corp. President Eduardo Francisco told reporters that the construction of power facilities three to four years ago has lessened…

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SN Aboitiz Power (SNAP), a unit of AboitizPower Corp., is hoping for strong income in 2018 due to robust water inflows at its hydropower projects, a top executive told reporters. “All of us are praying that we will have a strong inflow in 2018,” SNAP President and Chief Executive Officer…

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People residing in a settlement area in Marawi City, Lanao del Sur, now have access to power supply seven months after the city was besieged by terrorists, a Cabinet official reported on Wednesday. Energy Secretary Alfonso Cusi said the Department of Energy (DoE) has already energized the newly built Sagonsongan…

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The impasse plaguing the Energy Regulatory Commission (ERC) after four of its commissioners were suspended may dissuade local and foreign investors to put their funds in the country, its chief said. In a media briefing, ERC Chairman and CEO Agnes Devanadera said the paralysis resulting from the Office of the…

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The Philippine Stock Exchange’s (PSE) proposal to operate the Wholesale Electricity Spot Market (WESM) may happen if rules governing it are amended, according to a member of the transition committee managing the trading platform. In a Philippine Electricity Market Corp. (PEMC) event on December 22, lawyer Francis Saturnino Juan said…

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The number of customers enrolled in the open access scheme of the electricity retail market reached 940 in November, the Philippine Electricity Market Corp. (PEMC) said. In a report, PEMC listed 862 contestable customers with an average monthly peak demand of 1 megawatt (MW) and 78 with an average monthly…

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PILIPINAS Shell Petroleum Corp. is poised to enter the property arena in 2018 by putting up its own real estate company, a top official said. “By next year, we expect to have our real estate company,” Cesar Romero, president and chief executive officer of Shell, told reporters. Romero did not…

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Philippine Dealing and Exchange Corp. (PDEx), the country’s trading platform for fixed-income securities, is anticipating momentum for bond listings to continue in 2018. PDEx Chairman and CEO Crisol reported that the total outstanding amount of bonds listed for 2017 was P792.5 billion, compared to just P10 billion in 2008, with…

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