Myrna M. Velasco
Reinforced protection for Verde Island Passage could drive out offshore wind investments
May 16, 2024 1:53 am
Many offshore wind investors may end up abandoning their proposed projects as both government and private sector advocates have been intensifying calls and activities for reinforced protection of the Verde Island Passage (VIP).
Shell Pilipinas income leaps to P1.4-B in first quarter
May 15, 2024 8:38 am
Reinforced by the company’s strategies anchored on cost management strategies and injecting efficiency across its supply chain, the first quarter financial performance of Shell Pilipinas Corporation this year leaped to P1.4 billion from P800 million within the comparative three-month stretch in 2023.
MGen subsidiary corners deal for provision of ‘fast start’ power capacity in Singapore
May 15, 2024 7:41 am
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market.
ERC partially lifts suspension on ‘reserve market settlement’; allows recovery of P1.723-B
May 15, 2024 6:52 am
The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies (GenCos) to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements of the power system operator.
Shell sets leaner P3-billion capex for project developments this year
May 14, 2024 8:03 am
Anchoring it on a ‘refreshed strategy’, listed firm Shell Pilipinas Corporation will be tightening its belt with leaner capital expenditures (capex) rollout of just P2.0 billion to P3.0 billion this year, roughly half from last year’s P5.0 to P6.0 billion of programmed capital spending.