President Ferdinand “Bongbong” Marcos Jr.'s foreign trips have brought into the country some 75,000 jobs in the power and renewable energy sector, Labor Secretary Bienvenido Laguesma said on Tuesday, Aug. 8. President Ferdinand Marcos Jr. and First Lady Liza Araneta-Marcos (Ali Vicoy/MANILA...
While most players in the energy sector are excited about the incursion of innovative technology solutions in the industry, Manila Electric Company (Meralco) Chairman Manuel V. Pangilinan cautioned against the trap of "quick fixes" that will not bring in realistic energy security for the country....
# ERC, NGCP discuss technical gaps By MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has forthrightly raised to transmission firm National Grid Corporation of the Philippines (NGCP) the need to immediately address the "technical gaps" in balancing the country’s power system so it can...
Greenfield plants and the elevated prices in the Wholesale Electricity Spot Market (WESM) boosted Ayala-led ACEN Corporation profits in the first half this year to P4.2 billion, up 94 percent from P2.2 billion in a comparative period last year. The company’s consolidated revenues had also grown 28...
Aboitiz Renewables, Inc. (ARI), a subsidiary of Aboitiz Power Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy (Vena Energy) for the planned 102-megawatt wind farm installation that will straddle Rizal and Laguna sites. In a statement to the media on Thursday,...
Citicore Renewable Energy Corporation (CREC) will put up a 10-megawatt solar farm project that will be embedded into the load network of Pampanga I Electric Cooperative (PELCO I). The RE company announced in a press statement that a memorandum of agreement (MOA) on this venture has already been...
Lisbon-headquartered Energias de Portugal (EDP) and its subsidiary EDP Renewables (EDPR) are eyeing to invest in the country's renewable energy (RE) sector, particularly in their core wind farm business. The interest of the Portuguese electric utility and its RE investment arm was sounded off to...
Transmission firm National Grid Corporation of the Philippines (NGCP) is eyeing "technology clustering" as one systematic approach that it can operationalize to streamline approvals of system impact study (SIS) for energy projects. The company advanced that proposal ahead of the scheduled meeting...
Executive Secretary Lucas P. Bersamin, who serves as chairman of the Steering Committee for the Energy Virtual One-Stop Shop (EVOSS) system of project permitting, is pushing for a 60-day process from almost two years for the issuance of system impact study (SIS) for grid connection of power...
Having been singled out in the State of the Nation Address (SONA) of President Ferdinand Marcos Jr., transmission firm National Grid Corporation of the Philippines (NGCP) has given its commitment to complete its delayed transmission projects immediately. The company emphasized that the priority...
President Ferdinand “Bongbong” Marcos Jr. is looking at 100 percent electrification of the Philippines by the end of his term in 2028. President Ferdinand Marcos Jr. delivers his second State of the Nation Address on Monday, July 24, 2023. (Malacañang photo) In his second State of the Nation...
Foreign investors in the renewable energy (RE) sector, especially those who applied for 100-percent foreign ownership n offshore wind (OSW) service contracts, are facing snag due to the foreshore land lease policy of the Department of Environment and Natural Resources (DENR). This investment dilemma...
