State-run Philippine National Oil Company (PNOC) will reinforce its initiative for solar rooftop installations at the buildings of the National Economic and Development Authority (NEDA) in Region IV-A areas. The planned deployment of solar photovoltaics (PVs) in the NEDA facilities was cemented...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
The Department of Energy (DOE) is currently studying a policy for the repurposing of diesel-fired power plants by integrating biofuel blend of as much as 55% (or B55) by volume, according to Energy Undersecretary Felix William B. Fuentebella. “We’re developing a strategy for B55 to enable the...
Razon-led Manila Water Co. Inc. reported that it has kept non-revenue water (NRW) below 15 percent for the first half of the year. In a statement on Friday, Aug. 30, the East Zone concessionaire said that system losses—water lost due to leaks and illegal connections—averaged at 13.57 percent as...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
East Zone concessionaire Manila Water Co. Inc. said it has added over 14,000 new water service connections in the first half of the year to expand its water services in its franchise area. In a statement, Manila Water reported that it installed 14,125 new water connections from January to June of...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
President Marcos is hopeful that he can gain “insights” from international consulting firm McKinsey & Company on how to transform the Philippines’ economy. Courtesy call of McKinsey & Company, led by Global Managing Partner Bob Sternfels, to President Ferdinand ‘Bongbong’...
Manila Water Philippine Ventures (MWPV) and the Canlubang Sugar Estate (CSE) have collaborated on a P1.4-billion bulk water supply project aimed at enhancing water accessibility in more towns in Laguna. In a statement on Monday, Aug. 12, Manila Water said that the 25-year partnership between its...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez had this to say Sunday, Aug. 11, a day ahead of the resumption of the House Committee on Legislative Franchises' hearing on bills that...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
Manila Water Company, a utility controlled by richest Filipino Enrique K. Razon Jr., reported a 37 percent jump in consolidated net income to P6.91 billion in the first half of 2024 from P5.05 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
