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New energy player MRC Allied targets 10,000MW in 10 years

MRC Allied Inc. has achieved its target of 200 megawatts in aggregate power-generating capacity this year, bringing the company closer to its goal of establishing interest in 10,000 MW within 10 years. (1-0)

MRC Allied to partner with cooperatives

2017-12-27 bworldonline
LISTED energy company MRC Allied, Inc. is planning to partner with electric cooperatives in off-grid areas to build power generation plants using a hybrid of solar energy and other technologies, its top official said. (1-0)

MRC Allied taps Chinese partner for LNG venture

2017-11-26 bworldonline
MRC Allied, Inc. has signed a memorandum of understanding (MoU) with Guangdong Power Engineering Co., Ltd. (GPEC) to explore projects in liquefied natural gas (LNG)project in the Philippines two months after pursuing a similar deal on renewable energy projects. (1-0)

MRC Allied, China firm partner for LNG project

2017-11-25 philstar
MANILA, Philippines — Listed MRC Allied Inc. has partnered with a Chinese firm to look into possible investments in the Philippine liquefied natural gas (LNG) industry. (6-0)

Chinese construction firm holds due diligence on planned LNG project in PH

A subsidiary of Chinese construction giant China Energy Engineering Corp. Ltd. has started a yearlong due diligence that would lead to a decision on whether it would pursue a liquefied natural gas (LNG) project with MRC Allied Inc. (6-0)

PSEi gains on selective buying

The local stock barometer firmed up at the end of a rough trading day on Friday, supported by selective buying of large-cap stocks. (16-0)

PSEi continues to weaken on profit taking

The local stock barometer slipped for the second trading session on Wednesday, defying the upswing in US and regional markets. (11-0)

MRC Allied eyes solar panels in Xentro Malls

2017-10-26 philstar
MANILA, Philippines — MRC Allied Inc. is in talks with XRC Mall Developer Inc. to put up solar rooftop panels in its community malls. (6-0)

MRC Allied seals Sepalco purchase

2017-10-05 philstar
MANILA, Philippines — MRC Allied Inc. sealed its acquisition of a 15 percent stake in Sulu Electric Power and Light Philippines Inc. (Sepalco). (5-0)

MRC Allied invests in Leyte solar project

2017-09-20 philstar
MANILA, Philippines —  MRC Allied Inc., which is diversifying into the power sector, has acquired a 15 percent stake in a solar power project in Palo, Leyte. (1-0)

MRC Allied moves to energy with new solar stake

MRC Allied has acquired for $5 million (about P255 million) a 15-percent stake in a 50-megawatt solar power project in Leyte as the company ramps up moves to shift to the energy business. (1-0)

MRC Allied to buy stake in solar power project

2017-09-20 bworldonline
MRC ALLIED, Inc. is acquiring a 15% stake in the 50-megawatt (MW) Sulu Electric Power and Light Philippines, Inc. (Sepalco) solar power plant project in Palo, Leyte, further boosting its diversification into the energy sector.  (5-0)

LNG project faces delay as gov’t flip-flops

2017-08-14 philstar
MANILA, Philippines -  Gregorio Araneta Inc. (GAI), the proponent of a $2 billion LNG facility in Bataan, is disappointed over the government’s flip-flopping stance on the project after rejecting the group’s proposal and saying it would instead open the matter to other interested parties.

MRC Allied ventures into LNG

2017-08-06 philstar
MANILA, Philippines -  MRC Allied Inc, the listed company that is now diversifying into energy, is looking at the possibility of expanding into the LNG sector, its top official said.

Prospective deal seen to fastrack MRC transformation

Investment holding firm MRC Allied is in advanced discussions to acquire an operating renewable energy firm which can add close to a billion peso in annual revenue to its energy business.