The Filinvest Group and its French multinational partner-firm Engie will be providing renewable energy-generated power supply as well as other green solutions to Merasenko Corporation, a medical solutions company that has its operations base in Cebu. In a statement to the media, it was announced...
A "lucrative contract" with up to 40-year duration is being dangled to renewable energy (RE) developers joining the second round of RE auction covering 11,600 megawatts to be held on June 19 this year. The reference (TOR) issued by the Department of Energy (DOE) emphasized that the initial term of...
The profitability of Yuchengco-led PetroEnergy Resources Corporation (PERC) accelerated by 30-percent to P863 million in 2022 from a leaner P665 million in the prior year. The company indicated that the income upturn had been partly attributed to higher profit contribution of its petroleum...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
The Department of Energy (DOE) is undertaking a series of public consultation to solicit stakeholder-inputs and comments on the proposed revision of the competitive selection process (CSP) or the bidding system for power supply agreements (PSAs) of distribution utilities. The energy department...
Independent Electricity Market Operator of the Philippines (IEMOP) won the tug-of-war as to which entity shall be finally authorized to operate the Renewable Energy Market (RE Market), a platform that will be used for the trading of RE certificates. According to IEMOP President Richard J....
SMC Global Power Holdings Corporation of the San Miguel group officially leads the Philippines’ debut into the "LNG importers club of the world" following the arrival of its first LNG shipment at one of the country’s major ports. The Department of Energy (DOE) affirmed the arrival of the first...
Consumers filling up their vehicles with diesel products will get to be lucky next week as the price of this commodity will see between P0.40 to P0.70 per liter rollback, based on the calculation of the oil companies. For RON92 gasoline products, estimates portend a very slight reduction of P0.05 to...
New coal power plant projects in the Philippines had been on steep decline since the issuance of a moratorium by the Department of Energy in 2020, according to advocacy group Global Energy Monitor. “Coal plant proposals in the Philippines have been rapidly shrinking since the 2020 moratorium on...
Harnessing power from renewable energy (RE) through the government’s Green Energy Option Program (GEOP) reduces at least 10 percent of electricity costs and advances the sustainability goals of businesses in the country. This was revealed by representatives of Globe Telecom, Inc. and Arthaland...
At least 2.6 million customers of Manila Electric Company (Meralco) will continue to receive discounts in their electric bills as mandated under Republic Act 11552 or the Extended Lifeline Rate Act. According to Meralco Vice President Lawrence S. Fernandez, the total amount of rate discounts to...
Razon-led Prime Infrastructure Capital Inc. has partnered with Chinese firm PowerChina B7 Philippines Corp. (PowerChina) for the commercial development of its 140-megawatt solar farm project in Tanauan, Batangas and Marogondon, Cavite. That project serves as an expansion of the 100MW solar...
