Lopez-owned First Gen Hydro Power Corporation (First Gen Hydro) has pledged P33 million worth of donation to its host-community for the completion of a water supply and distribution system project in Pantabangan, Nueva Ecija. The donation, was formalized through a virtual memorandum of agreement...
Pangilinan-led firm PXP Energy Corporation indicated that it already received formally the ‘resume-to-work’ notice form the Department of Energy (DOE), allowing it to recommence extended seismic survey and exploration activities at its Service Contract (SC) 72 within the Recto Bank area along...
Filipino motorists filling up their vehicles with gasoline products will generate savings this week as the price of this commodity will be down by P0.25 per liter this week. Conversely, the price of diesel products at domestic pumps will increase by P0.25 per liter; and it is the same case for...
The Energy Regulatory Commission (ERC) was urged to undertake virtual public consultations on its “no disconnection policy” for the power industry, so consumers and the distribution utilities (DUs) would not keep guessing how this particular rule would be enforced....
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country. In a statement to the media, the Department of Energy (DOE) qualified that the memorandum of...
The forthcoming maintenance schedule of the Malampaya gas production facility next month is expected to trigger hikes in the electricity bills that will be dispatched to Filipino consumers around Christmas time. The Malampaya gas field uses an innovative and sustainable deepwater technology for...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
Consumers will have to brace for mixed adjustments on pump prices next week, with diesel prices seen rising by P0.35 to P0.45 per liter; while gasoline will be on rollback of P0.10 to P0.20 per liter. Kerosene, which is another commodity utilized in some Filipino households and also for key...
The loans extended by the National Electrification Administration (NEA) to the country’s electric cooperatives (ECs) reached P364.5 million as of end-September, and that already topped the scale of credit window allotted for them this year. The government-run agency said the credit facilities...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is dangling P2.007 billion as its negotiating price in the targeted divestment of the 650-megawatt Malaya thermal power facility and its underlying site. The sale price was slashed marginally -- from the P2.188 billion...
Lopez firm subsidiary FGEN LNG Corporation has tapped Australia-based McConnell Dowell as its engineering, procurement and construction (EPC) contractor for its US$300 million interim liquefied natural gas (LNG) import terminal project. The phase of its interim LNG terminal (IOT) to be covered by...
The Department of Energy (DOE) will be endorsing energy efficiency projects being undertaken by energy service companies (ESCOs) for their availment of incentives with the Board of Investments. In a draft Circular issued for public consultation by the department, it stated that it shall be...
