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Brix Lelis
Brix Lelis
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Citicore, Singapore firm team up for wind venture
by Brix Lelis - October 22, 2024 - 12:00am
Citicore Renewable Energy Corp., chaired by tycoon Edgar Saavedra, is teaming up with Singapore-based Levanta Renewables for its maiden wind energy investments.
Government tightening AI use in creative works
by Brix Lelis - October 22, 2024 - 12:00am
Music, photos and films partially generated through artificial intelligence may soon be protected under the copyright law as the government plans to issue clear guidelines on the use of AI in the creative indus...
Fuel prices down this week
by Brix Lelis - October 22, 2024 - 12:00am
Motorists can expect a slight decrease in domestic pumps today, amid recent developments in the global oil market.
First Gen, General Milling renew green energy pact
by Brix Lelis - October 21, 2024 - 12:00am
Lopez-led First Gen Corp. has renewed its renewable energy (RE) supply deal with General Milling Corp. (GMC), extending a long-standing partnership that began in 2016.
Over 100 renewable energy projects face termination – DOE
by Brix Lelis - October 21, 2024 - 12:00am
At least 105 renewable energy (RE) projects could be terminated due to non-compliance with project timelines, according to the Department of Energy (DOE).
SEC, DepEd partner to boost financial literacy
by Brix Lelis - October 20, 2024 - 12:00am
The Securities and Exchange Commission has teamed up with the Department of Education to enhance financial literacy among students and teachers amid a growing number of scams.
Danish firm gets ECC for $3 billion offshore wind farm
by Brix Lelis - October 20, 2024 - 12:00am
Denmark-based Copenhagen Infrastructure Partners has secured a pre-development environmental clearance for its $3-billion offshore wind project in Camarines Sur.
Fossil fuel reserves down 47% in 2023
by Brix Lelis - October 20, 2024 - 12:00am
The value of the country’s top-class fossil fuel reserves declined steeply in 2023, driven mainly by the lower valuation of coal stocks, according to the Philippine Statistics Authority.
Maharlika, energy firms seek UAE investments
by Brix Lelis - October 19, 2024 - 12:00am
State-run Maharlika Investment Corp. and some of the country’s energy companies joined the Philippine delegation to the United Arab Emirates (UAE) to secure clean energy investments.
Alternergy eyeing REIT listing
by Brix Lelis - October 19, 2024 - 12:00am
Alternergy Holdings Corp. is consolidating its land assets with a recently acquired land holding firm, setting the stage for a potential real estate investment trust (REIT) listing.
Pump prices to go down
by Brix Lelis - October 19, 2024 - 12:00am
Pump prices of petroleum products are poised to go down by as much as P1.15 per liter next week, following four straight weeks of hikes.
MORE Power seeks recovery of P115 million from consumers
by Brix Lelis - October 18, 2024 - 12:00am
Razon-led MORE Electric and Power Corp. is seeking to collect over P115 million from its customers through an automatic cost adjustment that could last up to three years.
Meralco unit powers Pepsi facilities
by Brix Lelis - October 17, 2024 - 12:00am
Vantage Energy Solutions and Management Inc., an affiliate of tycoon Manuel V. Pangilinan’s Manila Electric Co., is energizing five facilities of Pepsi-Cola Products Philippines Inc.
7-Eleven sets P6 billion capex, eyes 500 stores in 2025
by Brix Lelis - October 17, 2024 - 12:00am
After breaching its 4,000-store target, Philippine Seven Corp. is looking to open another 500 7-Eleven branches next year, allocating up to P6 billion in capital expenditure budge
19 green power projects cleared for grid impact study
by Brix Lelis - October 17, 2024 - 12:00am
The Department of Energy has endorsed 19 green energy projects for system impact study with the National Grid Corp. of the Philippines.
Consumers to save P11.8 billion from new Meralco supply deal
by Brix Lelis - October 17, 2024 - 12:00am
Close to eight million customers of Manila Electric Co. could expect P11.76 billion in cost savings from the procurement of 600-megawatt baseload supply starting next year.
AboitizPower, Engkanto partner for solar project
by Brix Lelis - October 16, 2024 - 12:00am
Engkanto Brewery has taken a shot at sustainability by partnering with Aboitiz Power Corp. to put up solar panels at its brewing facility in Carmona, Cavite.
Lopez-led EDC investing P25 billion to drill new geothermal wells
by Brix Lelis - October 16, 2024 - 12:00am
Energy Development Corp. of the Lopez Group is investing P25 billion to sustain steam flows at its massive geothermal project in Valencia, Negros Oriental.
Ayala Corp’s P15 billion pref share sale ‘heavily oversubscribed’
by Brix Lelis - October 15, 2024 - 12:00am
Ayala Corp.’s planned issuance of up to P15 billion worth of preferred shares has attracted strong investor support, resulting in a significant oversubscription.
Meralco, Samsung forge nuclear energy deal
by Brix Lelis - October 15, 2024 - 12:00am
Manila Electric Co., chaired by tycoon Manuel V. Pangilinan, has partnered with South Korea’s leading conglomerate Samsung Group to advance nuclear energy development in the Philippines.
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