The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts. According to the Ayala firm, ACEN Renewable Energy...
System operator National Grid Corporation of the Philippines (NGCP) forthrightly stated that it can deliver more transmission projects to commercial completion if approvals of the Energy Regulatory Commission (ERC) on its cost recoveries for invested capital could be granted promptly. “With...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
System operator National Grid Corporation of the Philippines (NGCP) is batting for regulatory approval on full cost recovery of its P20.94 billion investment in the newly reinforced 500-kilovolt Hermosa-San Jose transmission line, which is now supporting the wheeling of additional capacities in...
Renewable energy firm NexGen Energy Corporation has set the final price for its P580 million initial public offering (IPO) at the maximum price of P1.68 per share. Based on Philippine Stock Exchange (PSE) documents, NexGen will offer to the public 300 million common shares. As part of the...
Singapore-headquartered Nexif Ratch Energy Investments Pte. Ltd. (NREI) has secured "green lane" certification from the Board of Investments (BOI) that will streamline the permitting processes for its wind and solar projects in the Philippines. According to the company, the green lane endorsement...
BAKU, Azerbaijan – As existential threats on vulnerable countries are escalating, one of the major action agendas being advanced in this year’s 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) will be operationalization of the...
The development of indigenous gas should remain an integral part of Philippine policy as it aids in lowering electricity prices in times of low supply due to bad weather conditions, an official from Razon-led Prime Energy Resources Development (Prime Energy) said. Donnabel Kuizon Cruz, Prime...
The Philippines has fallen in the 2024 global ranking that assesses how economies balance energy security and access with environmental sustainability and affordability. In this year's Energy Transition Index (ETI) by the World Economic Forum (WEF), the Philippines dropped to 105th out of 120...
West Zone concessionaire Maynilad Water Services, Inc. has increased its use of renewable energy in its operations by 15 percent following its partnership with MPower, the local retail electricity supplier of Manila Electric Co. (Meralco). Under this partnership, Maynilad said in a statement on...
BAKU, Azerbaijan – The host country of the 29th Conference of the Parties for Climate Change (COP29) is eyeing energy as well as trade bilateral cooperation with the Philippines, according to the chief foreign policy advisor of Azerbaijan President Ilham Aliyev. In an interview during an official...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
