Developers of gigawatt-scale floating solar farm projects are in a bind on their project finance-raising activities because of the programmatic environmental compliance certificate (ECC) that may turn out not acceptable as requirement to lenders, especially to foreign banks. In an interview,...
Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy...
In the country’s bid for nuclear power development renaissance, the Philippine government – through the Department of Energy (DOE) – has been in search for viable financing tools and instruments that shall underpin planned deployments not just of the small modular reactors (SMRs) but also...
Government-run National Electrification Administration (NEA) has given electric cooperatives (ECs) up to May 15 this year to submit documents justifying their request for budget for their sitio electrification program (SEP) and other priority projects. In a statement to the media, NEA indicated...
The Philippine government, through the Department of Energy (DOE), will be seeking "transition financing” from the United States that could be funneled into improving climate resiliency as well as in greening the energy infrastructure of the country. According to Energy Secretary Raphael P.M....
The funding provision of the House bill (HB) seeking to establish specialty centers in hospitals under the direct supervision and control of the Department of Health (DOH) has been given the green light. This, after the House Committee on Appropriations chaired by Ako Bicol Party-list Rep. Zaldy Co...
Energy firms that have gas-fired power fleets are now advancing their plea for ‘international funding mechanism’ that will underpin eventual actions to be taken on the decommissioning of their generating facilities. During the 4 th Philippine Environment Summit, First Gen Chairman and CEO...
Malacañang has warned the public about a fake memorandum circulating online, saying government officials faced a two-day salary deduction to fund the Philippines' Türkiye-Syria earthquake relief fund. Photo from the Official Gazette The Palace, through the Official Gazette Facebook page, said...
Women entrepreneurs are underserved of investment opportunities, according to the latest Gender Lens Investing Series—The Bottom Line: Why Investing in Women is Good Business—of the Manila Angel Investors Network (MAIN), the country’s premier private investors network. “With less than three...
GENEVA, Switzerland -- The World Health Organization called Thursday for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. In a fresh report, the UN health agency celebrated that malaria...
The Department of Transportation (DOTr) is "open to other sources of funding" although Transport Secretary Jaime J. Bautista has recently agreed to re-negotiate Chinese financing for major transport projects. "We are not limiting our options to China. We want to have different options. We are also...
The Development Bank of the Philippines (DBP) considers giving financial grants to three local inventors, winners of the most promising solutions and technologies for critical sectors of the economy. The bank may fund winners of the Filipino Inventors Society (FIS) contest, “The Inventor’s...
