The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
There will be mixed bag of price adjustments at the pumps next week, although the cost swings will just be very marginal, according to the estimates of the oil companies. As projected by the industry players, the price of gasoline products may not change or there would be very marginal rollback of...
The Energy Secure Philippines (ESP) project of the United States Agency for International Development (USAID) is extending development assistance to the Philippine government for the right-skilling and upskilling of workers in the flourishing offshore wind industry of the country. The American aid...
The Energy Regulatory Commission (ERC) will no longer prescribe a ‘reserve price’ for the scheduled green energy auction (GEA) covering geothermal capacity developments. “We just agreed with the DOE (Department of Energy) on the parameters how we will eventually approve the rates in the PSAs...
The Department of Energy (DOE) has prequalified at least eight (8) bidders in the scheduled competitive selection process (CSP) or tendering for the electrification of at least 98 off-grid sites covering 15,645 households. These firms which will be joining the Microgrid Service Provider (MGSP)...
“We’ve got the POWER" will soon roar as a confident declaration of industry and government collaboration. The trailblazing initiative that is already gaining traction among serious investors and industry players is the institutionalization of the Pilipinas Offshore Wind Energy Resource...
The array of development and technical assistance being extended by the Energy Secure Philippines (ESP) program of the United States Agency for International Development (USAID) has been facilitating the integration of energy permitting processes of the local government units (LGUs) into the energy...
There will be extended financial relief for consumers at the pumps next week, as oil prices are anticipated to have moderate rollback, based on the computation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.60 to P1.00 per liter; while...
Major hurdles on technology access as well as prospective investment partnerships between Filipino and American nuclear firms will now be eased following the signing of the historic 123 Agreement on nuclear power cooperation between the Philippines and United States governments. The nuclear deal...
The much-awaited and historic ‘123 Agreement’ on nuclear power cooperation was finally signed between Philippine Energy Secretary Raphael P. M. Lotilla and United States Secretary of State Anthony Blinken, the Department of Energy (DOE) has announced. The Governments of the Philippines and the...
Famed for gaining his expertise and solid experience as a power industry veteran and former executive of the country’s biggest power distribution utility Manila Electric Company, Engineer Fortunato “Atoy” C. Leynes has been designated under the Marcos administration as the new President and...
