Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to...
The tsunami of oil price hikes will continue this week, with the cost of diesel rising by P1.25 per liter; while kerosene prices will increase by P1.10 per liter, based on pricing adjustment notices already sent by the oil companies. For gasoline products, the upward adjustment this week will be...
Razon-led MORE Electric and Power Corporation (MORE Power) has applied for P1.982 billion worth of capital expenditures (capex) with the Energy Regulatory Commission (ERC) for the reinforcement and expansion of its power distribution network in Iloilo City. In its filing with the regulatory body,...
Producers of biodiesel commodity in the country are intensifying calls on the government to finally implement hike in the blend to 5 percent by volume or B5 from currently at 2 percent or B2. In a statement to the media, The Philippine Biodiesel Association (TPBA) indicated that “there is more...
Malampaya Foundation’s help to the community in preserving and upholding the integrity of the Bulalacao marine protected area (MPA) has been bestowed with award and recognition by the provincial government of Palawan. The Bulalacao marine protected area in Coron, Palawan was named as the...
Big-time fuel price hikes of as much as P1.30 per liter are expected next week following further rally in the world market prices. Based on the initial calculation of the oil companies, the biggest price hikes will be felt on diesel products at the range of P1.25 to P1.30 per liter; while kerosene...
The country’s electric cooperatives (ECs) are offering their sites for the government-underpinned Covid-19 inoculation program, which targets to attain herd immunity for the Philippine population against the dreaded virus. In a statement to the media, the Philippine Rural Electric Cooperatives...
Lopez-led Energy Development Corporation (EDC) had tapped Japanese firm Mitsubishi Heavy Industries Ltd. for the supply of equipment that will power up its 29-megawatt capacity expansion project at its existing Bacon-Manito (BacMan) facility in the Bicol region. The equipment from Turboden S.p.A,...
Theirs is an exceptional story of a family-led conglomerate that had to rise from the rubble – not just once, twice or thrice but maybe even more – that’s because of the wretch of politics often infringing on their businesses, be it in the power sector or in their television network. Oscar M....
Former employees of state-run National Power Corporation (NPC) who were retrenched due to its privatization roughly two decades ago will finally get their back wages, as underpinned by a Supreme Court ruling on the Drivers and Mechanics Association (DAMA) case; that was also subsequently affirmed...
To institutionalize N-1 contingency in a major transmission backbone in the Luzon grid, transmission firm National Grid Corporation of the Philippines (NGCP) has completed a project that will improve reliability of electricity wheeling in the country’s main power grid. The recently energized...
The Congress-ratified Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will relax the ‘tax regime’ to be enforced for operators of oil refining facilities in the country. With that re-calibrated taxation policy in the CREATE measure, it was noted that the perturbed state of...
