The full completion of the 230-kilovolt Cebu-Bohol interconnection project will decongest power supply flow in the tourist-haven Bohol; and will also have positive spillover effect to improving power supply in the Luzon grid by taking the edge off on the existing Leyte-Bohol submarine cable....
Listed firm Citicore Renewable Energy Corporation (CREC) is stepping up in a big way on adding renewable energy (RE) capacity to the country’s power supply, with 1.3 gigawatts (1,300 megawatts) ramp up on its solar operating facilities by yearend until early part of 2025. In a briefing with the...
By MYRNA M. VELASCO The Department of Energy (DOE) has engaged the help of the Bangko Sentral ng Pilipinas (BSP) so they can guide banks and other financing entities on how to navigate the intricate web of capital formation that shall underpin the massive-scale pipeline of renewable energy (RE)...
As the Philippines moves to secure its power supplies for the near and medium term, the country's fastest-growing economic hub, Cebu, is aligning its own resources to meet the energy demands of its booming IT-BPM, Tourism, and Manufacturing industries. At a recent energy forum in Makati...
By MYRNA M. VELASCO The Department of Energy (DOE) is scheduling this September the second round of auction for off-grid sites that will target the provision of electricity access to more than 12,200 households. In a media statement, the department indicated that the submission and opening of...
BY MYRNA VELASCO Consumers can finally pull collective sigh of relief as pump prices are expected to be on significant rollback across products, based on the calculation of the oil companies. If reckoned on the four-day outcome of trading in the regional market, the estimated price cuts would be...
The Department of Energy (DOE) is batting for the corporate life extension of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) so it can serve as counterparty to the investing-entity that will rehabilitate the Agus hydropower complex in Mindanao. Energy Secretary Raphael...
The utopian dream of the Marcos administration to achieve 100% household electrification on or before the end of its 2028 tenure will yield economic benefits summing up to P315 billion, according to the Department of Energy. In a presentation to the media, Energy Undersecretary Rowena Cristina L....
The Philippines is eyeing robust jumpstart on knowledge transfer as well as training on gaining and ramping up technical expertise on nuclear development and operations following the effectivity of the 123 Agreement with the United States. This has been indicated to the media by Energy Secretary...
By Myrna M. Velasco Investors on pipelined offshore wind developments in the country are amenable to a P10 to P16 per kilowatt hour (kWh) prospective reserve price for contracted capacity on their projects once the green energy auction (GEA) for the technology will be carried out by the Department...
The Department of Energy (DOE) is eyeing to issue an amended Circular that will simplify the award of petroleum service contracts (PSCs) to interested investors in the country’s upstream oil and gas industry. In a draft Circular that was furnished to the relevant industry stakeholders, the energy...
The strain on consumers’ budgets will continue next week, especially with gasoline prices which are expected to rise heftily by P1.30 to P1.70 per liter, based on the calculation of the oil companies. For the other fuel commodities, diesel prices are projected to increase by P0.40 to P0.80 per...
