Lenie Lectura

2 months ago | businessmirror.com.ph | Lenie Lectura

SN Aboitiz Power Group (SNAP), a joint venture between Norway firm Scatec and Aboitiz Power Corp., has secured financing from local banks for the expansion of its battery energy storage system (BESS) projects. The Bank of the Philippine Islands (BPI) and China Banking Corp. (Chinabank) are set to finance the 16-megawatt (MW) Magat BESS Phase 2 while BPI and BDO will provide financing for the 40-MW Binga BESS.

2 months ago | matuwid.org | Lenie Lectura

By Lenie Lectura – February 17, 2025from Business MirrorAboitiz Renewables’ MakBan geothermal plant in Batangas. South Cleanergy Inc., a subsidiary of Aboitiz Renewables Inc. (ARI), is proposing to build a solar farm with battery energy storage system (BESS) in Negros Occidental which will supply power to the Visayas grid. The 239.56 megawatt (MW) Luna solar power and 65MW BESS project is estimated at P13.846 billion.

2 months ago | businessmirror.com.ph | Lenie Lectura

PLDT Global Corp. (PLDT Global), the international arm of PLDT Inc., has added STC Bank, a leading Saudi digital bank, as a payment option for its one-stop marketplace. “We are thrilled to join forces with STC Bank. This partnership will enable us to provide every Filipino and all customers in Saudi with cutting-edge digital solutions that meet their evolving needs,” said Albert V. Villa-Real, President and CEO at PLDT Global.

2 months ago | businessmirror.com.ph | Lenie Lectura

The Energy Regulatory Commission (ERC) has given its green light to four transmission projects of the National Grid Corporation of the Philippines (NGCP) worth P5 billion. In its February 12 meeting, the agency approved NGCP’s proposed 230-kiloVolt (kV) Granada substation project costing P1,943,977,100.96; the Sumangga 138-kV substation project, P1,361,891,878.73; La Carlota 138-kV substation, P1,129,191,746.90; and the Nagsaag-Tumana 69-kV transmission line, P583,534,890.96.

2 months ago | businessmirror.com.ph | Lenie Lectura

South Cleanergy Inc., a subsidiary of Aboitiz Renewables Inc. (ARI), is proposing to build a solar farm with battery energy storage system (BESS) in Negros Occidental which will supply power to the Visayas grid. The 239.56 megawatt (MW) Luna solar power and 65MW BESS project is estimated at P13.846 billion. It is expected to start construction in the first quarter of 2026 while the target commercial operation is in the fourth quarter of 2027.