Basic Energy Corp. 's (BEC) subsidiary has partnered with Ayala-led ACMobility to co-develop electric vehicle (EV) charging stations and integrate them into a mobile application system, supporting the country’s growing EV adoption. In a disclosure to the Philippine Stock Exchange on...
The Department of Energy (DOE) has significantly increased the financial benefits for host communities of energy projects, aiming to ensure they share more substantially in the gains of energy development. In a statement on Wednesday, Oct. 22, the Department of Energy (DOE) announced the increase...
Dexter Tiu’s Pure Energy Group is undertaking a ₱99.7 million mandatory tender offer to acquire all the shares of Coal Asia Holdings Inc. held by minority shareholders after buying 71.6 percent of the company from its principal owners. A Share Purchase Agreement was signed among Coal Asia’s...
The Energy Regulatory Commission (ERC) has eased share listing deadlines and requirements for power generation companies amid widespread difficulty among smaller firms in meeting a decades-old public offering mandate (POR). In a briefing, ERC Chairperson Francis Saturnino Juan said the commission...
The Department of Energy (DOE) and Japan’s Ministry of Economy, Trade, and Industry (METI) announced a new partnership to boost clean energy investments for both nations. In a statement Tuesday, Oct. 21, the DOE saidi it signed a memorandum of cooperation (MOC) with METI establishing a...
The Energy Regulatory Commission (ERC) has approved an increase in the Feed-in-Tariff Allowance (FIT-All) rate, starting next month, which will slightly raise power bills to generate sufficient funds for paying renewable energy (RE) developers. In a briefing on Monday, Oct. 20, ERC Chairperson...
In love, they call it the seven-year itch, but the Philippine coal moratorium barely made it to a five-year streak before jumping back into the arms of its toxic ex: King Coal! Missing the ‘dirty play’ that much, huh? It looks like we can’t quit this coal addiction, even as the planet begs...
Consumers may soon see fairer or more reasonable power rates as the Energy Regulatory Commission (ERC) begins the long-awaited rate reset process for Manila Electric Co. (Meralco) and other private distribution utilities. In a statement, the ERC said it has approved the new Rationalized Rules for...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
The coal moratorium, a policy meant to suspend new coal-fired power projects, is being weakened by new exemptions from the Department of Energy (DOE), drawing immediate criticism from environmental and industry analysts. The Center for Energy, Ecology, and Development (CEED) raised concerns Friday,...
Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Motorists have faced weekly price hikes at the gas pumps, but next week may finally bring some long-awaited relief. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel prices could see their first rollback in two months, ranging from ₱0.60 to ₱1.10 per liter....
