January - 2017

News & Features

Power situation of tourist havens

Power situation of tourist havens

As published in the Manila Bulletin The roaring complaints across Bohol due to power blackouts towards year-end 2016 are similar to those being aired by its tourism rival – Boracay today. The Philippine Chamber of Commerce and Industry and a group of businessmen and consumers in Boracay gave an ill-tempered letter to the Department of Energy (DOE) and President Rodrigo Duterte recently. They complained the blackouts (sometimes lasting for hours) are getting the goat of tour

MENLO Renewable to increase capital stock 5-fold

MENLO Renewable to increase capital stock 5-fold

As published in The Manila Times on January 17, 2017 MENLO Renewable Energy Corporation (MREN), a unit of property developer MRC Allied Inc., is raising its authorized capital stock by five-fold as it aims to be a major player in the energy sector. In a disclosure to the Philippine Stock Exchange on Wednesday, MRC said its board of directors approved the resolution to increase Menlo Renewable’s capital stock from P100 million to P500 million. A higher capital stock will “allo

BCDA partners with Sunray Power, Inc. for P11.75-billion solar project

BCDA partners with Sunray Power, Inc. for P11.75-billion solar project

As published in Manila Bulletin The Bases Conversion and Development Authority (BCDA), Sunray Power, Inc.(SPI) and its majority shareholder Menlo Renewable Energy Corp. recently launched a partnership in building a 100-megawatt (MW) solar power facility worth P11.75 billion in Clark Green City. The Sunray’s 100MW Solar Power Project will stand as a renewable energy facility that BCDA and SPI hope will serve as a motivating force for more green and smart technology development

MRC Allied to solidify energy venture under new president

MRC Allied to solidify energy venture under new president

As published in The Manila Times on January 4, 2017 Listed property developer MRC Allied Inc. has named a new president in line with the company’s thrust to diversify its business into the energy sector, the company announced on Tuesday. In a disclosure to the Philippine Stock Exchange, MRC said it has elected Gladys Nalda as its new president and as well as a member of its Board of Directors, following the resignation of two company officials. MRC said it has accepted the re

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