Semirara Mining and Power Corporation (SCC) is returning to the 30-company PSE index (PSEi), replacing Security Bank Corporation (SECB), effective Monday, August 8, 2022. In a statement, the Philippine Stock Exchange said Semirara was qualified to be a member of the PSEi based on the results of the...
President Ferdinand "Bongbong" Marcos Jr. has vetoed the proposed bill that seeks to expand the franchise area of Davao Light and Power Company. JUST IN: President Ferdinand Marcos Jr. vetoes the bill proposing to expand the franchise of the Davao Light and Power Company "due to, among others, its...
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, has listed its P40-billion fixed rate bonds with the Philippine Dealing and Exchange Corporation (PDEx), which has been touted as the largest corporate bond issuance to date. According to SMCGP, the...
The Pasay City government announced that residents along D. Jorge and Valerio Streets near M. dela Cruz Street will experience power service interruption on July 27 from 4-9 p.m. The Manila Electric Company (Meralco) will conduct replacement of facilities along D. Jorge St. according to the...
Presidential son and Ilocos Norte 1st district Rep. Sandro Marcos refused to stand idle as his constituents continued to bear the brunt of costly electricity. Ilocos Norte 1st district Rep. Sandro Marcos (left) and ERC Commissioner Alexis Lumbatan (Facebook) That's why, when Marcos had the...
Relevant stakeholders in the power industry are already advancing priority policy proposals and offering help to Energy Secretary-nominee Raphael Perpetuo M. Lotilla, primarily in addressing the recurring dilemma of thinning power supply as well as the country’s energy transition agenda to be...
Ahunan Power Inc., a subsidiary of Razon-led Prime Infrastructure Capital Inc., has proposed a power supply agreement (PSA) with the Manila Electric Company (Meralco) to deliver 500 megawatts of mid-merit power capacity from a pumped storage hydropower facility. In a statement to the media, Ahunan...
While the government is pushing for massive-scale green technology installations in the power industry, the Department of Energy (DOE) indicated that the main segment that will trigger radical spike in the country’s carbon emissions will be the transport sector. As stated in the updated...
KYIV, Ukraine -- Russia is using Europe's largest nuclear power plant as a base to store weapons including "missile systems" and shell the surrounding areas in Ukraine, an official with Kyiv's nuclear agency said Friday, while nearly the entire country was placed on air raid alert.  A...
In line with its thrust to support new and renewable energy sources, the Development Bank of the Philippines (DBP) approved a P660-million loan to develop the 4.6 megawatt (MW) Dupinga Mini Hydropower project in Gabaldon, Nueva Ecija. “The funding support for the Dupinga Project will help achieve...
CALAPAN CITY, Oriental Mindoro -- Former Oriental Mindoro Congressman Rodolfo G. Valencia has proposed the use of coal as the most practical and economically-viable solution to end the power crisis in Mindoro island. Former Oriental Mindoro Congressman Rodolfo Valencia stresses a point in his...
Representatives of the Social Amelioration and Genuine Intervention on Poverty (SAGIP) Party-list introduced what they called “10 Power Bills” in the 19th Congress to alleviate poverty by addressing the country’s energy crisis. SAGIP Party-list Reps. Rodante Marcoleta (left) and Caroline...
