The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
The "gas aggregation" scheme being proposed by Prime Infrastructure Capital Inc. of the Razon group, will help soften electricity rates for consumers because the scheme will lessen the risk of gas plant-developers in their fuel procurements. This is according to ENEX Energy Corporation Chairman...
The House plenary. (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has overwhelmingly approved on third and final reading the measure allowing a shift of the country’s power generation from the use of coal to natural gas. Garnering 215 affirmative votes during plenary session...
Listed firm Aboitiz Power Corporation plans to kick off study next year on co-firing ammonia with coal-fed power plants, as a way to pare the carbon intensity of these environment-assaulting power generating assets. “We’re looking at having that [feasibility] study perhaps starting next year....
Leading clean energy firm First Gen Corporation has formally issued its tender notice for the spot procurement of liquefied natural gas (LNG) that it will use for the ‘wet commissioning’ of its LNG import facility. In its invitation to bid (ITB) for LNG spot tender, the company has specified...
Razon-led Prime Infrastructure Capital Inc. has inked a memorandum of understanding (MOU) with FGEN LNG Corporation of the Lopez group for the lease and operation of the latter’s liquefied natural gas (LNG) storage and regasification terminal for its gas aggregation business plan. Beyond the MOU,...
Power utility giant Manila Electric Company (Meralco) has hiked its pipeline of renewable energy projects raising its capacity to 1,700 megawatts, surpassing the five-year development plan earlier cast by its power generation subsidiary Meralco PowerGen Global Business Power Corp. According to...
US firm pushes RE-gas investment By MYRNA M. VELASCO Kansas-headquartered global engineering firm Black & Veatch is recommending renewable energy (RE) and gas-fired power combo investments to ensure the success of "energy transition journey" and as a pathway to net zero emissions being advanced by...
Despite fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery. According to Energy Secretary Raphael P.M. Lotilla, the pricing...
Lopez-led First Gen Corporation is scheduling a tender process for the procurement of its liquefied natural gas (LNG) on a spot contract basis that will be utilized as commissioning fuel for its LNG import facility in Batangas. According to First Gen Chief Commercial Officer Jonathan C. Russell,...
Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
Consunji-led Semirara Mining and Power Corporation (SMPC), the country's largest producer of coal, is diversifying into liquefied natural gas (LNG) for the power generation segment of its business amid strong environmental, social, and governmental (ESG) pressures, according to the conglomerate’s...
