ALTERNERGY Holdings Corp. (Alternergy) said Monday that regulators had approved connecting its 64-megawatt (MW) Alabat Wind Power Project to the Luzon grid.
ALTERNERGY Holdings Corp. said Monday that regulators had approved connecting its 64-megawatt Alabat Wind Power Project to the Luzon grid. The company told the stock exchange that the Energy Regulatory Commission had approved the firm’s application to develop and own a dedicated point-to-point transmission facility, which involves the installation of a substation at the wind farm and a 37-kilometer transmission system from Barangay Villa Norte in Alabat to Barangay Hondagua in Lopez, Quezon.
The infrastructure will connect to the existing 69-kilovolt Gumaca-Tagkawayan-Lopez transmission line of National Grid Corp. of the Philippines in Lopez, Quezon.“This is another significant milestone achieved, bringing us closer to completing the Alabat Wind Power Project,” Alternergy President Gerry Magbanua said in a statement.
Wind Project Approved For Grid Connection
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GSIS-Alternergy deal complied with rules, says financial advisorInvestment & Capital Corporation of the Philippines (ICCP), a financial advisor, said Monday Alternergy Holdings Corp.'s investment transaction with
Read more »
Alternergy Tanay Wind Project gets P1.4 billion from BPI, Security BankAlternergy Holdings Corp. has secured P1.4 billion in funding from Bank of the Philippine Islands (BPI) and Security Bank for its Tanay Wind Power Alternergy Holdings Corporation (ALTER) has received an additional P1.4 billion in funding from BPI and Security Bank for its Tanay Wind Power Project, bringing total financing to P4.9 billion.
Read more »
Final Cemex sale price much lowerCONCREAT Holdings Philippines Inc. on Monday said that the final purchase price for Cemex Asian South East Corp. (Casec) shares acquired by Dacon Corp., DMCI Holdings Inc., and Semirara Mining and Power Corp. under a mandatory tender offer was $257.8 million, significantly lower than the initial purchase price of $305.6 million.
Read more »
Ombudsman suspends GSIS president over P1.4B share deal with AlternergyFormer energy secretary Vicente Perez's renewable energy firm Alternergy defends the transaction saying it was above board, and that the GSIS will get a 56% rate of return on its investment
Read more »
Alternergy reacts to Rappler articles on controversial P1.45B GSIS investmentRappler did not merely offer opinions. It published falsehoods masquerading as facts, packaged in a commentary that gave the illusion of rigorous research. In reality, these were baseless assertions presented with unwarranted authority.
Read more »
![[Vantage Point] Alternergy’s cherry-picked financials used to defend GSIS deal](https://i.headtopics.com/images/2025/7/24/rapplerdotcom/vantage-point-alternergy-s-cherry-picked-financial-vantage-point-alternergy-s-cherry-picked-financial-5ACC4817A2FEE6BBD041BE6260D8FB4A.webp?w=640)
[Vantage Point] Alternergy’s cherry-picked financials used to defend GSIS dealAlternergy is clearly upset by the tone and reach of the criticism. But the press is doing its job: asking hard questions, analyzing public data, and reporting red flags in the use of public funds.
Read more »