Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
Power utility giant Manila Electric Company (Meralco) has secured three contracts for a total of 500-megawatt capacity that will satiate its requirements for renewable energy (RE) supply portfolio as prescribed under the government-enforced Renewable Portfolio Standards. The tariffs cornered by the...
Clark Water, a subsidiary of Manila Water Philippine Ventures, is ramping up its efforts to combat rising energy costs and reduce its carbon footprint by expanding its solar power infrastructure. In a statement, Lyn Zamora, Clark Water’s general manager, said the water and wastewater service...
At least two port facilities that will support the development of offshore wind projects in the country are being proposed for inclusion in the General Appropriations Act (GAA) or the country’s national budget for next year. According to Energy Undersecretary Rowena Cristina L. Guevara, priority...
Razon-led Manila Water Co. Inc. is spending P577 million on an expansion project to enhance its services in Taguig City. In a statement, the water concessionaire said it is currently constructing the Long Term East 3 (LTE 3) Ruhale-Bambang Felix Line, which aims to extend services to over 700,000...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
The total assets of the domestic banking system went up by 12.43 percent to P25.622 trillion as of end-May from P22.788 trillion same period in 2023, based on Bangko Sentral ng Pilipinas' (BSP) latest data. Banking assets are boosted by deposits, loans and investments. Total assets refer to...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
By ATTY. MARCIANO G. DELSON (Photo courtesy of sanbeda.edu.ph) My former student asked my opinion about the recent Energy Regulatory Commission (ERC) decision on the Meralco refund application. Having been assured that there is no pending case on the matter, I hereby oblige, as a...
At least eight companies are eyeing to corner the 600-megawatt capacity that is slated for auction by power utility giant Manila Electric Company (Meralco) to beef up its supply portfolio starting August next year. In a pre-bid conference on Thursday (July 4), the Filipino-owned companies which...
Power utility giant Manila Electric Company (Meralco) takes a major stride on the reboot of the country’s aim for a deep well of expertise on nuclear power engineering and development, as it started sending its nuclear scholars and interns to preeminent partner-universities in the United States...
The Energy Regulatory Commission's (ERC) decision to approve Manila Electric Company's (Meralco) refund scheme in 2022 alleviated the effects of the pandemic on its consumers. Marciano G. Delson, dean of San Beda University’s College of Law, said that by granting Meralco’s actual...
