This year, NLEX Corporation continues building its three major road projects - Subic Freeport Expressway (SFEX) Capacity Expansion, Candaba Viaduct Upgrade and NLEX Connector. “These will improve traffic flow and connectivity, as well as promote road safety for hundreds of thousands of motorists...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines. That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so...
To ensure that even people who are slow to understand and unwilling to listen will clearly hear it, Energy Secretary Alfonso G. Cusi twice stipulated that the Philippines “cannot really get rid of coal” even on its future energy mix onward to 2040. In an updated Philippine Energy Plan (PEP)...
As the Duterte administration inches closer to its tail end stretch, the Department of Energy (DOE) will knock anew on investors’ doors for prospective fresh capital flow to various projects being offered across segments in the energy sector. Coinciding with the celebration of the National Energy...
The Department of Energy (DOE) has cornered 1,025 applications for renewable energy (RE) projects as of end-September this year, and this will yield up to 30,597 megawatts (MW) of additional power capacity for the Philippines once advanced to commercial operations. Effectively, this will be more...
The moratorium on new coal-fired power projects will only cover yet-to-be-proposed investments, according to Energy Secretary Alfonso G. Cusi. In a virtual press briefing, he classified that even the indicative projects will still have to be processed by the Department of Energy (DOE) and these may...
Energy Secretary Alfonso G. Cusi The Philippine government has opened full foreign ownership in the geothermal segment of the energy industry, but under the condition that investments must be done in integrated steam resource development and power projects. Energy Secretary Alfonso G. Cusi said he...
The governments of the Philippines and Japan will proceed with their high-level discussions on the progress of the Tokyo-funded infrastructure projects under the "Build, Build, Build" program despite the ongoing pandemic, Department of Finance (DOF) said. In a statement, DOF said the...
The Department of Energy (DOE) is currently reviewing and processing at least 39 new projects that have applied for certificates of energy projects of national significance (CEPNS) so they can be extended streamlined processes in their permitting and licensing requirements....
In the next couple of years, Metro Pacific Tollways Corporation (MPTC) intends to complete P28 billion worth of road infrastructure “stimulus projects" primarily meant to contribute to the government’s quick economic recovery impetus. (NLEX Corporation / MANILA BULLETIN) MPTC named four...
The NLEX Corporation today announced it is hiring over 1,500 technical and skilled workers to ensure its P23 Billion, 8-kilometer, North Luzon Expressway (NLEX) Connector road will be finished next year. However, the tollway operator gives priority to overseas Filipino workers (OFWs) displaced due...
The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations on the prescribed cut-off date last year. Energy Secretary Alfonso G. Cusi The recent round of...
