Power utility giant Manila Electric Company (Meralco) is extending its investment interest to other nuclear technologies like small modular reactors (SMR) and conventional nuclear fleets – and that could include the planned repowering of the idled Bataan Nuclear Power Plant (BNPP) if the...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
Aboitiz Power Corp. (AboitizPower) subsidiaries Hedcor and Luzon Hydro Corp. (Luzon Hydro), together with Aboitiz Foundation Inc. (Aboitiz Foundation), donated rice and fuel to host communities hit by typhoon “Egay.” Egay devastated communities in northern parts of Luzon after its landfall on...
Tiu-led Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings Corporation, has inked memorandum of agreement (MOA) with Austrian firm Gugler Water Turbines GMBH (“Gugler”) for targeted 320-megawatt seawater pumped storage hydro projects in the Philippines. REDC said...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
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...
CITY OF ILAGAN, Isabela -- San Ignacio Energy Resources Development Corporation (‘San Ignacio’) which is part of the Nextnorth Energy group is developing over 450 Megawatts of solar PV and hydro projects in northern Luzon in a business venture that’s expected to provide employment to roughly...
Turbulent Hydro, manufacturer of mini hydro power turbines in EU, is keen on manufacturing mini hydro ecological turbines in the country to expand its current renewable energy project in Davao Oriental as it positions for strong demand for small hydro power projects in the country. Board of...
At least 14 firms have expressed interest for the 165-megawatt Casecnan hydropower facility, which is scheduled for bidding in March next year. The interested parties which submitted letters of interest (LOI) to asset-seller Power Sector Assets and Liabilities Management Corporation (PSALM)...
More than a decade ago, the contours of renewable energy (RE) investments in the Philippines had been framed and are being re-shaped through the years – and the nuances of project developments had always been complicated and tricky. Through it all, there’s one company that had witnessed from...
Power utility giant Manila Electric Company (Meralco) formally slates the "competitive challenge" for the 500-megawatt renewable energy (RE) capacity that will partly address its requirement for mid-merit capacity. Interested bidders will challenge the unsolicited proposal originally submitted by...
Pioneering Filipino-led renewable energy firm Alternergy has secured P600-million credit facility from the Development Bank of the Philippines (DBP) to bankroll its 4.6-megawatt Dupinga mini- hydropower project in Gabaldon, Nueva Ecija. The proposed hydropower facility will be implemented via...
