News

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 […]

Metro Manila, Philippines – Prime Infrastructure Holdings Inc. (Prime Infra) has established a new subsidiary for its waste-to-fuel project being developed in partnership with US-based WasteFuel Global. The new company, WasteFuel Philippines, is evaluating the feasibility of putting up a biorefinery in Luzon that would convert over one million tons of municipal waste into 30 […]

MANILA, Philippines – Prime Infra recently signed an agreement with Solar Philippines to invest Php 1.5 billion for 50% of Solar Philippines Tarlac Corporation (SPTC), the owner of the largest solar farm in the Philippines. This agreement enables SPTC to expand the Concepcion Solar Farm, which has been operating since 2019, to up to 200 […]

Prime INFRA joined the recently concluded Philippines Infrastructure Conference 2019 held last August 27, 28 and 29, 2019 at the Manila Marriott Hotel in Pasay City. The three-day event is a seven-in-one conference and an assembly of infrastructure stakeholders and decision makers from the government and private companies in the country. With over fifty speakers […]