The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according to Senate Committee on Energy Chairman Sherwin T. Gatchalian. Senator Sherwin Gatchalian (MANILA BULLETIN FILE...
Ayala Corporation reported a 75 percent fall in net income to P11.4 billion in the first nine months of the year but noted that its performance in the third quarter is much improved compared to the second quarter of 2020. In a disclosure to the Philippine Stock Exchange, the conglomerate said...
Coca-Cola Philippines said it is on track to achieve its energy efficiency goals throughout its operations, with 65 percent of its total energy consumption in its domestic operations being ourced from renewable energy. In 2010, Coca-Cola set out to reduce the carbon footprint of “the drink in...
In the midst of a pandemic that halted most business activity for months, 21 Filipino companies managed to maintain their sustainability initiatives and win at the recent Asia Corporate Excellence & Sustainability (ACES) Awards. In awarding ceremonies held online last 10 November, 21 companies...
Lopez-led First Gen Corporation has posted 12-percent decline in earnings to P9.6 billion (US$190 million) in the three quarters of this year vis-à-vis heftier profitability of P11.3 billion (US$217 million) in the same period last year. Within the January-September period, the company noted that...
Two liquefied natural gas (LNG) projects, with combined investments of P44 billion, had been issued certifications by the Department of Energy (DOE) as “energy project of national significance” or EPNS that will entitle them to streamlined process of permitting....
The Philippine government has directed Pangilinan-led PXP Energy Corporation to go ahead with its programmed seismic survey and well drilling at the Recto Bank even without securing first the concurrence of China National Offshore Oil Corporation (CNOOC) or that of the Chinese government. Energy...
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project. SMC President and COO Ramon...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
Power utility giant Manila Electric Company (Meralco) and other industry players are now stepping up on their preparations and contingency measures to mitigate power interruptions that could be brought in by strong typhoon Rolly, which is expected to make a landfall this weekend. The Department of...
Filipino consumers will be spared from worrying over electricity service interruptions or brownouts during the Christmas holidays, as the Energy Regulatory Commission (ERC) formalized its order of “no electricity service disconnection’ until December 31 this year. (MANILA BULLETIN) The...
