Certified as an energy project of national significance, the Palayan Binary Geothermal Power Plant (PBGPP) is part of the expansion of the existing 140-MW Bacon-Manito (BacMan) facility, operated by EDC unit BacMan Geothermal Inc.
âThis project is our additional contribution to that much-needed baseload (RE) that is very much in line with the (Department of Energyâs) goal of expanding RE use in the country,â EDC president and COO Jerome Cainglet said during the projectâs inauguration.
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Cable cars seen running by 2028
The country may see its first cable car system that will connect the planned Metro Rail Transit Line 4 (MRT-4) to Antipolo, Rizal operational by 2028, as the government looks to start the feasibility study for the project this year, the Department of Transportation (DOTr) said.
URC dips into cooking aid market
Universal Robina Corp. (URC), the listed snack food giant of the Gokongwei Group, is expanding further its portfolio as the company makes its foray into the meals preparation mega-category.
Rubio named SPNEC president/CEO
Veteran energy executive Emmanuel Rubio is taking the driverâs seat in integrated solar developer SP New Energy Corp. (SPNEC), which analysts believe is part of tycoon Manuel V. Pangilinanâs succession plan.
Aviator plans to put up NGO for gov't rescue, relief missions
An aviation expert plans to establish a non-government organization (NGO) that state agencies can tap for rescue and humanitarian missions, in line with his efforts to deliver hope and aid to the farthest corners of the Philippines.
Thrift banks post robust growth in 2023
After thrift banks posted robust growth performance in 2023, the Chamber of Thrift Banks (CTB) is optimistic about the growth prospects of its member-banks for this year amid the opportunities digital transformation brings.
DA forms task force for salt industry R&D
The Department of Agriculture (DA) has formed a technical working group (TWG) to oversee research development and promotion of modern farming techniques in the salt industry in preparation for the implementation of the Philippine Salt Industry Development Act.
SM Group to double NU campuses to 20
The SM Group is targeting to nearly double the current number of National University (NU) campuses by 2028 in an effort to provide quality, accessible and affordable education to young Filipinos nationwide.
Maynilad IPO in the pipeline for 'early next year'
Pangilinan-led Maynilad Water Services Inc. is optimistic of undertaking an initial public offering (IPO) of its shares as soon as the âearly partâ of next year, encouraged by the overwhelming result of its recent maiden blue bonds issue.
Clark to host P32-B entertainment complex
Are you ready for this?
New P20-B passenger ferry system in the works
The Department of Transportation (DOTr) will spend as much as P20 billion for its next brainchild project â a passenger ferry passing through Manila Bay, Pasig River and Laguna de Bay.
