Lopez-led ThermaPrime Drilling Corporation (ThermaPrime) has beefed up its geothermal drilling business segment with three more rigs that it can immediately utilize for the expansion of its operations. According to the company, two of the newly acquired drilling rigs are of 1,500 horsepower (hp);...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
The commercial operations of the P7.0 billion Palayan binary geothermal power project of Energy Development Corporation (EDC) will partly quench the energy thirst of the Luzon grid, as this will add up 28.9 megawatts into the system. The facility serves as an expansion of its 140MW Bacon-Manito...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
The Philippine subsidiary of Japanese electronic giant Murata Inc. has renewed its power supply agreement (PSA) with Lopez-led First Gen Corporation for the provision of electricity services at its manufacturing facility in Batangas. First Gen emphasized that the supply to be delivered to...
The Philippines is eyeing to firm up collaboration and prospective private sector partnerships with the United States for targeted deployment of next-generation geothermal technologies in the country. According to Energy Secretary Raphael P. M. Lotilla, the Philippines will “identify advances...
Lopez-led Energy Development Corporation (EDC) will be leaning on the technology of American firm GreenFire Energy Inc. in shoring up the capacity of its geothermal assets – primarily in beefing up the generation capacity of its Mahanagdong geothermal facility in Leyte. San...
The Sy siblings’ flagship SM Investments Corporation (SMIC) is expecting that its portfolio investments will account for more than 10 percent of overall earnings in the medium term. The firm’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas...
Investors can now expect greater clarity and transparency in the upcoming Green Energy Auction (GEA-3) program, scheduled for November this year, as the Department of Energy (DOE) announced an end to the "tariff guessing game." To provide a more predictable framework, the DOE said it will be issuing...
The Energy Regulatory Commission (ERC) will seek guidance from the Department of Energy (DOE) in setting the price of hydro and geothermal capacities under the green energy auction reserve (GEAR) given the huge cost for these projects. ERC Chairperson Monalisa C. Dimalanta noted of the cost for...
Hocheng Philippines Corporation (HCG), a total bathroom solutions provider, has renewed its power supply agreement with First Gen Corporation of the Lopez group. The new lease on their contract entails that HCG will continue to draw its 850-kilowatt power requirements from the geothermal assets of...
Environmental crusader Carlos Aboitiz on why we should confront our warring opinions on climate justice and energy transition DCIM 100MEDIA DJI_0139.JPG Among the greatest public issues of our time, as drastic as the ongoing Covid-19 pandemic is climate change. The long-term shifts in temperatures...
