Ahunan Power Inc., a subsidiary of Razon-led Prime Infrastructure Capital Inc., has proposed a power supply agreement (PSA) with the Manila Electric Company (Meralco) to deliver 500 megawatts of mid-merit power capacity from a pumped storage hydropower facility. In a statement to the media, Ahunan...
The Department of Energy (DOE) is requiring "indivisibility" or "no competing supply contract" for the capacity generation that qualified bidders will be offering in the government's Green Energy Auction Program (GEAP) slated this June 17. According to Energy Assistant Secretary Redentor Delola,...
Norwegian firm Scatec ASA has announced plan to expand its renewable energy investments in the Philippines, primarily on the sphere of solar, wind, hydro and battery energy storage system (BESS) installations. During the groundbreaking rites of the 20-megawatt BESS project of SN Aboitiz Power...
UBON RATCHATHANI, Thailand – A vast array of solar panels floats on the shimmering waters of a reservoir in northeast Thailand, symbolising the kingdom's drive towards clean energy as it seeks carbon neutrality by 2050. In this file aerial photo taken on February 23, 2022, floating solar...
The Department of Energy (DOE) will craft separate “remuneration packages” on hydropower and geothermal technologies in the targeted auction of renewable energy (RE) capacities for compliance of mandated participants to the Renewable Portfolio Standards (RPS) policy. A revised DOE circular said...
The shoe industry is one of the most thriving categories in fashion. With multiple new drops happening every day, from sneakers, shoe collabs, new iterations, and new inventions, it gets harder to choose which one is worth purchasing. One particular trend that is getting a lot of attention these...
After more than a year of shutdown, the 32-megawatt Manolo Fortich 1 hydropower facility of Hedcor Inc. of the Aboitiz group was finally back on line and has recommenced augmenting power supply for the Mindanao grid. 27297 In a disclosure to the Philippine Stock Exchange (PSE), Aboitiz Power...
The core net earnings of Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) had been 29-percent higher to P871.16 million in January to June this year versus last year’s P672.97 million. In the second quarter alone, the company specified that its financial outcome also improved with...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
Alcantara-led Alsons Consolidated Resources Inc. has secured the approval of the Securities and Exchange Commission (SEC) on its proposed P2.0 billion worth of 182-day Series O commercial papers (CP) issuance. “The foregoing commercial papers represent the first tranche of commercial papers that...
Owing to its mandate of ensuring sufficient power supply for the country, the Department of Energy (DOE) has directed Hedcor Inc. to continue running the three generating units of its 70-megawatt Bakun hydropower facility in Benguet province. The power plant had been served with cease and desist...
Threat of closure of the three generating units of the 70-megawatt Bakun hydropower facility in Benguet province is seen causing ‘added stress’ on Luzon grid power supply, which is already treading on ‘tight margins’ because of forced outages predicaments of some plants. On that premise,...
