By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – SP New Energy Corp. (SPNEC) is set for a major portfolio boost with its board approving a budget for the planned asset infusion with parent MGEN Renewable Energy Inc. (MGEN Renewables).
On Thursday, SPNEC said its board of directors had given the green light for a budget, although no figures on this were disclosed.
READ: Meralco PowerGen eyes green power auctions
The company, founded by businessman and lawmaker Leandro Leviste, said the allocation would finance the engagement of professional advisors for the said move.
