Filipino-founded Solar Philippines is targeting to advance the construction of more than 1,000 megawatts of solar farm installations next year in at least four provinces within the Luzon grid. Currently identified sites for the projects are in Batangas, Cavite, Nueva Ecija and Tarlac, according to...
Customers of Manila Electric Company (Meralco) will gain slight relief on their wallets and paychecks this month because the pass-on rate of the utility firm will go down by P0.0352 per kilowatt hour (kWh) in its December billing. That will be a downtrend in the overall tariff of the company to...
The legal team of Shell companies in the Philippines (SCiP) has been scoring victories, as it just recently bagged the “Philippine In-House Team of the Year” and the “Energy and Resources In-House Team of the Year” awards from the Philippine Law Awards 2020 by the Asian Legal Business...
The European Chamber of Commerce of the Philippines (ECCP) is pushing for accelerated deployment of energy efficient technologies as well as further diversification of resources in the Philippine energy mix by leaning mainly on renewable energy; and the business chamber is pushing this agenda along...
Post pandemic energy planning Post Covid-19 pandemic and beyond the stretch of the Duterte administration, the power development planning of the Department of Energy (DOE) had cast an average 7.5-percent gross domestic product (GDP) growth as base scenario in the country’s energy needs for the...
Private transmission firm National Grid Corporation of the Philippines (NGCP) has successfully completed the reinforcement of the 230-kilovolt San Jose-Quezon transmission line in the Luzon grid to prepare the system for targeted capacity additions....
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is demanding the Olongapo City government to pay its long overdue unpaid electricity bills incurred for over a decade, the Department of Finance (DOF) said. In a statement released by the DOF, it said that PSALM sent a final...
Filipino-led firm SPC Power Corporation has declared P598.620 million worth of cash dividends to its shareholders that shall be payable before the end of this year. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that the cash dividend was equivalent to P0.40 per...
As Christmas shopping rush escalates, Filipino motorists will also need to shore up their expenses for fuel as diesel prices will go up by P0.40 per liter this week; and gasoline prices will increase by P0.25 per liter. Kerosene, which is the other commodity in the triumvirate of weekly cost...
The 17-year wait is finally over for the dismissed employees of state-run National Power Corporation (NPC), as the Power Sector Assets and Liabilities Management Corporation (PSALM) already allocated P3.702 billion for their payment-claims. According to PSALM President Irene B. Garcia, the company...
While renewable energy (RE) developers are brandishing that their technologies are already the cheapest in the market, the National Renewable Energy Board (NREB) ironically dropped the bomb that the programmed RE projects in the country will increase the power bills of Filipino consumers by P0.23...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is gaining traction on its divestment of real estate assets, with it successfully clinching buyers for the Loboc property in Bohol province; and another one in Camalaniugan, Cagayan province through a negotiated deal. The...
