SPNEC receives P2.8B of SRO

  SP Energy Corp. (SPNEC) has received P2.8 billion out of the stock rights offers (SRO) it issued recently, equivalent to 99.9 percent of the subscriptions. The proceeds of the fund raising will be used for project development, including the acquisition of land in Nueva Ecija and Bulacan. This has increased the company’s publicly-owned shares […]

Meralco to negotiate with Solar PH for 200-MW baseload supply

MANILA – Meralco is set to proceed with negotiations for its 200-MW baseload energy requirement following the failure of the second round of Competitive Selection Process (CSP) for Solar Philippine Batangas Baseload Corp’s (SPBB) unsolicited proposal. SPBBC will provide the capacity using solar and battery in compliance with Meralco’s Renewable Portfolio Standards (RPS) requirement. Source: […]