As the Duterte administration inches closer to its tail end stretch, the Department of Energy (DOE) will knock anew on investors’ doors for prospective fresh capital flow to various projects being offered across segments in the energy sector. Coinciding with the celebration of the National Energy...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
Uy-led Phoenix Petroleum Philippines Inc. has approved and crossed at the Philippine Stock Exchange (PSE) on Tuesday (December 1) the sale of 31 million of its treasury common shares. The oil firm said the treasury shares had been traded at the local bourse at the market price of P12.50 per share....
Garcia-led Vivant Energy Corporation has cornered as 15-year power supply agreement that had been awarded to it by Pampanga II Electric Cooperative (PELCO II) as underpinned by a recently concluded tendering process. The Pampanga utility firm’s power supply requirement within the contract...
The subsidiary of Japanese firm Marubeni Corporation has inked a shareholders’ agreement with the energy investment arm of the Ayala group to firm up its acquisition of 50-percent stake in the corporate vehicle for the latter’s 150-megawatt Pililla diesel power project. The deal was cemented...
With the Department of Energy’s (DOE) moratorium on coal-fired power projects, there’s no doubt that the Philippine energy sector will be in for dramatic shifts and existential twists – not just in technology deployments but in the overall goal of greening the power mix. The emerging story of...
The 2021 budget of the Department of Energy (DOE) has been shored up so it will have leverage to fund studies on technologies that will rev up the country’s ‘energy transition’ paradigm. The extra allocation stood at P46 million – and these will be channeled to studies relating to...
The proposed revisions in the competitive selection process (CSP) for power supply agreements (PSAs) set the framework for unsolicited proposals or tenders that distribution utilities (DUs) may resort to on their power supply procurements. Under the draft supplemental Circular released by the...
Motorists using gasoline on their vehicles will need to shell out more cash this week, as the price of that commodity will go up by P1.15 per liter, based on the pricing adjustment advisory of the oil companies. For kerosene and diesel products, the price of these fuel commodities will also...
The Independent Electricity Market Operator of the Philippines (IEMOP) has deferred to middle of next year the commercial operations of the new market management system (NMMS) or the modified trading platform of the Wholesale Electricity Spot Market....
The Department of Finance (DOF) has been warned that the financial liabilities of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) would swell because of the insufficient budget the national...
To enhance energy capacity for the load network of its subsidiary Cotabato Light and Power Company in Mindanao, Aboitiz Power Corporation is pursuing an upgrade of its Malagapas substation in the service area of its power distribution firm. The company said it is in the process of installing a new...
