Ayala firm AC Energy Corporation (ACEN) has formally secured the go-signal of its stockholders on the infusion of P85.93 billion worth of international assets into its fold -- and this will form part of the five-step corporate restructuring plan of the company toward its goal to become the largest...
The Senate Committee on Energy is requiring the Department of Energy (DOE) to legally justify the approval it bestowed on the transfer of the unloaded 45-percent shareholdings of Chevron Corporation in the Malampaya gas field venture to buyer Udenna Corporation. In a statement to the media, Senator...
The southern Spanish city of Seville began a pilot scheme of using the methane produced from fermenting fruits to generate clean electricity. It was initially launched by Emasesa, the municipal water company, which used 35 tonnes of fruit to generate clean energy to run one of the city’s water...
After chiding the United States for technically snubbing the Philippines’ offer of energy investments, Energy Secretary Alfonso G. Cusi still tugged his way into courting American firms to pour in capital in geothermal as well as petroleum exploration projects being offered by the country. “We...
Oil companies as well as power firms have been directed by the Department of Energy (DOE) to guarantee that services to Filipino consumers must be seamless during the government-enforced stricter two-week general community quarantine (GCQ) within the so-called National Capital Region (NCR) plus...
The Philippines government has resurrected a project launched in 2018 to provide refrigerated container vans or reefer vans to fishermen and farmers in order to reduce their post-harvest losses. On March 12, Agriculture Secretary William Dar, Transportation Secretary Arthur Tugade, and Energy...
A Chinese firm has already dropped out of the Malaya thermal power facility negotiated sale, but four others are still in the running, giving hopes to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) that its long-wished for privatization of the 650-megawatt facility...
Despite the dominance of coal plants in the country’s energy mix, Energy Secretary Alfonso G. Cusi forthrightly stated that the Philippines is not ready for ‘carbon tax enforcement’ because such policy could worsen the travails of consumers on high cost of power that they are already...
Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion. The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million;...
The Department of Energy (DOE) is tightening its grip on the power generation companies (GenCos), so they can guarantee sufficient power supply as the Covid-19 vaccination program in the country gains traction. This is a follow-through order from Energy Secretary Alfonso G. Cusi, after his initial...
The Department of Energy (DOE) has laid down a policy allowing “one-year banking” of credits that an end-user may claim under the net metering program in the renewable energy (RE) sector. Under the proposed ‘banking of net metering credits’ as institutionalized under DOE Circular No....
German firm Siemens Energy is projecting that economies in the Asia Pacific region will immensely propel energy demand growth within the stretch of two decades or until year 2040. Brian Byrne, senior vice president of Siemens Energy Asia Pacific Hub, said “Asia Pacific’s growth aspirations will...
