With many of the country’s electric cooperatives (ECs) still getting back on their feet following last year’s wallop of disasters and most still prepping for recovery from the health crisis, the National Electrification Administration (NEA) reported that loan portfolios extended to these rural...
Ayala-led upstream petroleum company ACE Enexor Inc. is seeking the Department of Energy’s (DOE) imprimatur on the declaration of a “one-year force majeure period” to provide leeway for the unforeseen delays in the company’s oil and gas drilling timetable. During the company’s annual...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared dividend of P1.25 per common share to all of its outstanding stockholders as of the specified record date and based on the company’s dividend policy. The firm apprised covered shareholders that the prescribed record date had...
Filipino motorists will need to stretch their fuel budgets anew as prices at petroleum pumps will rise this week by a scale of P0.60 per liter for gasoline; and P0.70 per liter for diesel. Kerosene, which is an essential commodity for households and key industries, will also go up by P0.85 per...
The Philippine government is currently discussing with the Asian Development Bank (ADB) the viability of a plan to ‘buy out’ the older fleets of coal-fired power facilities in Mindanao grid. Finance Secretary Carlos G....
The costs to be paid in charging electric vehicles as well as the standards to be enforced in charging stations remained as the ‘most debatable’ concerns in the crafting of the proposed Comprehensive Roadmap for Electric Vehicles (CREV) in the Philippines. Those issues were repeatedly raised by...
A power supplier of Bantayan Island Electric Cooperative Inc. (BANELCO) in Cebu has demanded payment of P116.5 million of outstanding obligations that the utility firm allegedly failed to settle under their supply deal. The ‘notice of execution’ under a management services agreement was...
Beyond the provision of quality fuel products, Pilipinas Shell Petroleum Corporation is also extending value-added services to its customer-partners that include strengthening safety standards and measures on fleet deployments. Such sharing of safety standards was sounded off in the recently...
As global oil prices swung to new highs last week, price increases at Philippine pumps are anticipated again next week. Based on the calculation of the oil companies, the highest increase for kerosene products could be P0.85 to P0.90 per liter. This commodity is largely regarded as a base for...
Seeks gov’t intervention System operator National Grid Corporation of the Philippines (NGCP) is seeking intervention -- primarily from the government as well as relevant stakeholders -- so the worrying thinning supply in this year’s summer months until August will not result in distressing...
The recurring gas production restriction from the Malampaya field will de-rate anew the electricity generation of the 1,200-megawatt Ilijan gas-fired power facility in Batangas, one of the biggest power plants in the country. In an advisory sent by state-run National Power Corporation to plant...
After chiding the United States for technically snubbing the Philippines’ offer of energy investments, Energy Secretary Alfonso G. Cusi still tugged his way into courting American firms to pour in capital in geothermal as well as petroleum exploration projects being offered by the country. “We...
