News

Prime Infra-led Ahunan Power, Inc. (Ahunan) has entered into an agreement to acquire a majority stake in renewable energy developer Olympia Violago Water and Power, Inc. (OVWPI). OVWPI is in the pre-development stage of the 500-megawatt (MW) Wawa Pumped Storage Hydropower (PSH) Project in Rizal province, with construction targeted to start in 2023. “The agreement […]

Razon-led Prime Infrastructure Capital, Inc. (Prime Infra) has appointed Sebastian C. Quiniones, Jr. as the General Manager of Prime Exploration Pte. Ltd. (Prime Exploration) effective August 17, 2022. Quiniones is the former general manager and managing director of Shell Philippines Exploration B. V. (SPEX) and one of the first Filipino talents in SPEX to have […]

As part of its development agenda for Pakil in Laguna, Ahunan Power Inc. (Ahunan) launched a corporate social responsibility (CSR) program dubbed “Tayo Na Pakil,” a celebration of what the future holds for the municipality. Ahunan is a subsidiary of Prime Infrastructure Capital, Inc. (Prime Infra), the infrastructure arm of Enrique K. Razon, Jr. Tayo […]

Prime Exploration Pte. Ltd., a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra), recently signed a share purchase agreement acquiring MEXP Holding Pte. Ltd. (MEXP) from a subsidiary of Udenna Corporation. MEXP previously signed an agreement with Shell Petroleum N. V. (Shell) acquiring Shell Philippines Exploration B. V. (SPEX) from the latter. SPEX owns a […]

The Manila Electric Company (Meralco) declares Ahunan Power, Inc. (Ahunan) as the Original Proponent in relation to its offer to supply 500 megawatts (MW) of mid-merit power using pumped storage hydropower (PSH) as an energy storage system. Ahunan is a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra). Meralco, through its Third-Party Bids and Awards […]

Manila, Philippines – Prime Infrastructure Holdings, Inc. (Prime Infra), the critical infrastructure arm of Enrique K. Razon, Jr., embarks to deliver the world’s largest solar power facility with a capacity of 2,500MW to 3,500MW combined with 4,000MWh to 4,500MWh battery energy storage system (BESS) boosting the supply of renewable energy in the country. The project […]

Manila, Philippines – Prime Infra Holdings, Inc., Enrique K. Razon Jr.’s critical infrastructure arm, is poised to acquire a controlling stake in businessman Dennis Uy’s Udenna-led Malampaya deep-water gas-to-power project, one of the biggest and most successful, commercial gas finds in the Philippines. The acquisition process has kicked off and will close subject to the […]

Manila, Philippines – Prime Infra’s Ahunan Power recently obtained their Certificate of Confirmation of Commerciality from the Department of Energy (DOE), last November 2021. Ahunan Power’s Pumped Storage Hydroelectric Power Project is a 1400 Megawatt (MW) Pumped Storage Hydro Electric Power Plant (PS-HEPP) that’s being developed for both ancillary service and the energy supply markets. […]

Manila, Philippines – Prime Infrastructure Holdings, Inc. (Prime Infra) recently announced the conclusion of an agreement with Solar Philippines Power Project Holdings, Inc. (Solar Philippines) through which it has acquired a 50% stake in Solar Philippines Tanauan Corporation. The transaction, which involves an investment of Php2 billion and management control for Prime Infra, marks company’s […]

Prime Infrastructure Holdings, Inc. (Prime Infra) welcomed the investment of Maersk in US-based WasteFuel Global as the container shipping firm commits to decarbonize its fleet. Prime Infra, the infrastructure arm of the Razon group, is a shareholder and has been part of the WasteFuel company since February 2021. “Prime Infra is incredibly pleased to have […]