Giant lender BDO Unibank Inc. has extended P5.6 billion project funding to the 197-megawatt Tuy solar project of Saavedra-led Citicore Renewable Energy Corporation (CREC), a Filipino firm that is calculatedly cementing its stature to become the biggest solar farm developer in the country with its...
FDC Green Energy Corporation, a subsidiary of FDC Utilities, Inc. (FDCUI) of Gotianun-led Filinvest Development Corp., is poised to advance to construction phase its 20.75-megawatt solar farm project following groundbreaking rites at its PHIVIDEC Industrial Estate project site in Misamis Oriental ....
As the Taguig regional trial court (RTC) has junked the bid for injunctive relief of the Malampaya consortium members, power utility giant Manila Electric Company (Meralco) indicated that it is already planning to reschedule the competitive selection process (CSP) or bidding for the procurement of...
Consumers will feel anew the painful pinch of higher prices at the pumps this week as gasoline prices will rise by P1.00 per liter; and diesel prices will also climb by P1.20 per liter. Additionally, the price of kerosene products - that has direct effect on aviation fuel as well as other major...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
TAIPEI – The Department of Energy (DOE) will guarantee that marine protected areas (MPAs) shall be clearly demarcated as ‘no-go zones’ or off limits as development sites or even as navigational channels for the planned offshore wind projects in the country. According to Energy Undersecretary...
Big-time price hikes at the pumps will take another gut-wrenching blow on consumers’ pockets next week, as oil prices are projected to rise above P1.00 per liter across commodities. Based on the calculation of the oil companies, the price of gasoline products will likely increase by P1.10 to...
The regulator-approved pass on of the deferred charges of First Gen Corporation on its gas use for power generation and capital recovery on liquefied natural gas (LNG) import facility investment will hike Meralco rates by P0.32 to P0.33 per kilowatt hour (kWh) starting in its October billing to...
The House Committee on Energy has begun deliberations on the finer detiails of the proposed amendments to the Electric Power Industry Reform Act (EPIRA) Law on Wednesday, Aug. 14, with the solons giving particular focus on how to strengthen...
TAIPEI – The Philippine government will be ensuring that the fishermen whose livelihood will be disrupted by the development of offshore wind power projects in the country will be ‘fairly compensated’, according to the Department of Energy. Having a formula on the calculation of compensation...
The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
TAIPEI – The Department of Energy (DOE) is seriously pondering over a two-pronged investment approach on the development of transmission infrastructure facilities that will support gigawatt-scale offshore wind installations in various parts of the country. According to Energy Undersecretary...
