Pump prices will take new round of pinch on consumers’ pockets this week as the price of gasoline products had been increased by P0.60 per liter, based on the announcements of the oil companies. Diesel, which is the other major fuel commodity used by motorists, will also go up by P0.20 per liter;...
A diversifying firm subsidiary of Uy-led Phoenix Petroleum Philippines Inc. has kicked off pilot deployment of its gas-fired generating sets (gensets) to provide the electricity requirements of Balesin Island in Quezon province....
Crippling brownouts will dampen the country’s bid for economic recovery in the near term if the Department of Energy (DOE) will not act early enough to concretize a viable replacement for the gas output from the Malampaya field. Senator...
Proceeds from the sale of National Power Corporation (NPC) assets have already reached P915 billion as of end-March this year but revenue collections only hit P612.41 billion, according to the Department of Energy. Collections of asset-seller Power...
Gotianun-led FDC Misamis Power Corporation has remitted P9.5 million as financial benefit to the local government unit (LGU) host of its power facility in Misamis Oriental in Mindanao to help in its pandemic response. The turnover of the funds is in compliance with the mandate of the Department of...
Vivant Energy Corporation has deployed of a 3.0-megawatt generating set to Bantayan Island in Cebu, alleviating brownouts in the island. The company said its subsidiary Isla Norte Energy Corporation (INEC), in partnership with Gigawatt Power Inc., had brought in the generators to beef up...
It will be an abrupt change at petroleum pumps this coming week, as prices of gasoline products are anticipated to go up by P0.60 to P0.70 per liter, based on the initial calculations by industry players. MB file photo. (Mark Balmores) For diesel,...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduling the sale of five more real estate assets via an auction on September 30 this year. The properties due for divestments are located in...
By half P2.188 billion State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has trimmed by half the reserve price of the 650-megawatt Malaya thermal power facility to P2.188 billion, which will be applied in its scheduled privatization next week. In a bidding last...
New wave of power plant outages and the recent gas output restriction at the Malampaya field triggered new round of spikes in prices at the Wholesale Electricity Spot Market (WESM), which will be subsequently passed on as rate hike in the consumers’ electric bills for October. In a virtual...
Aboitiz Power Corporation is now ahead of the race, having cemented itself as the top power generator in the country with total national installed capacity of 4,973.435 megawatts, according to a report by the Department of Energy. The Aboitiz firm eclipsed SMC Global Power Corporation of the San...
Power utility giant Manila Electric Company (Meralco) has widened the options for its stockholders on how they would want their cash dividend payments settled. That as the company has announced that it will implement “enhanced dividend payments process” by having a paying agent so its...
