Banks and other lending institutions are reportedly asking the Department of Energy (DOE) for a categorical definition and conclusive policy framework that shall serve as anchor to prospective financing of ‘transition coal’ projects that are still being allowed by the government for commercial...
The Department of Energy (DOE) is still undecided if it will grant the application for certification that will greenlight the planned 1,200-megawatt Atimonan coal-fired power project of Meralco PowerGen Corporation (MGen), the power investment arm of utility giant Manila Electric Company. When...
The Department of Energy (DOE) has issued certifications for energy projects of national significance (CEPNS) to at least 13 major renewable energy (RE) projects of publicly listed Citicore Renewable Energy Corp. (CREC) - and that will enable the company to fast-track commercial development of...
Investors in the offshore wind industry are advancing a proposal to the Department of Energy (DOE) that delays in the availability of critical infrastructure – primarily grid connections as well as port support facilities – shall be declared as ‘force majeure’ events in the terms of...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing to take a provocative step as the third company breaking into the regenerated coal plant development gamble, with the targeted revival of its 700-megawatt Saint Raphael power project in Batangas that will likely command an...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea,...
The days of ‘secrecy’ in weekly oil price adjustments are numbered following the Supreme Court’s decision which upheld the fuel cost unbundling policy that the Department of Energy (DOE) initially attempted for implementation via a Circular in 2019. Relative to the high court ruling, former...
Being the lead agency overseeing regional power utilities, the National Electrification Administration (NEA) urged the country’s electric cooperatives (ECs) to procure insurance cover for their critical assets – especially the facilities that are vulnerable to damage or technical glitches when...
The Philippine Ports Authority (PPA) has committed the repurposing of at least three initial ports that will support the development of billion dollars-worth of offshore wind projects that the Marcos administration has been pushing for completion by 2028, according to the Department of Energy....
A whopping investment of $3 billion (approximately P165 billion) will be injected by Danish firm Copenhagen Offshore Partners (COP) for the first 1,000 megawatts San Miguel Bay offshore wind project in Camarines Sur that it is targeting to bring on commercial stream by 2028. On prevailing rule of...
The exclusion of off-grid areas from the coal moratorium is being sought so the lingering woes of consumers over power service interruptions as well as exorbitant rates can be resolved, according to an industry player that has been providing electricity services to these sites. DMCI Holdings...
