Date: January 14, 2025
SCC: Semirara achieved record coal shipments of 16.5 million metric tons in 2024, driven
by robust demand from China and domestic markets, while sustaining maximum
production for the third consecutive year.
FGEN: First Gen Visayas Energy Inc. (FGVEI), a subsidiary of FGEN, has been assessed
P285,000 in penalties by the Department of Energy for late submission of quarterly
financial reports related to 31 Wind Energy Service Contracts in the pre-development
stage and plans to clarify the assessment within the 10-day settlement period.
AP: Aboitiz Power Corporation announced that its subsidiary, Aboitiz Renewables, Inc.
(ARI), has reached an agreement with Mainstream Renewable Power Philippines
Holdings B.V. (MRP) to acquire shares in Cornerstone Energy Development Inc. (CEDI),
effectively terminating prior agreements for the development of an onshore wind project in
Libmanan, Camarines Sur.
TECH: Cirtek Advanced Technologies and Solutions Inc. (CATSI), a subsidiary of Cirtek
Holdings Philippines Corporation, was recognized as the No. 1 Contract Manufacturer for
Analog Devices, Inc.’s (ADI) Evaluation Boards Product Line in Q4 2024.
MER: Residential customers of Meralco will experience a reduction in electricity bills in
January 2025, with rates decreasing by P0.2189 per kWh to P11.7428 per kWh due to
lower generation charges, improved supply conditions, peso appreciation, and reduced
fuel costs, translating to savings of P44 for 200 kWh users, and further reductions
expected in February with ERC-directed refunds.
Sources: PSE Edge, BusinessWorld
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