Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore. In a statement to the media, GTM indicated “we expect significant volume to get hedged...
The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
The Energy Regulatory Commission (ERC) has issued its revised rules on the issuance of certificate of compliance (COC) or the license that will govern the standards, requirements as well as procedures in the operations of power plants in the country – primarily the greenfield or new electric...
The Department of Energy (DOE) is working on a policy that will underpin investments as well as the development of hydrogen technology for application across multiple industries in the country – primarily the need for retrofit of some power generating facilities as well as energy storage systems....
Beyond the volume that shall be allocated for its domestic requirements, the government of Indonesia has assured continuous coal supply that can be utilized by the power plants in the country, according to Energy Secretary Raphael P.M. Lotilla. “Our bilateral with Indonesia is making sure that...
The Department of Energy (DOE) will be issuing policy guidelines that will lay down the framework of incentives for targeted hydrogen-anchored investments in the country. According to Atty Patrick T. Aquino, director of the DOE’s Energy Utilization Management Bureau (EUMB), the draft guidelines...
After the successful debut of a ‘digital twin’ at its Therma South Inc (TSI) coal-fired power plant in Davao, Aboitiz Power Corporation is eyeing the rollout of the same digital tool at three more of its electric generating facilities in Luzon and Visayas grids. Aboitiz Power President and CEO...
Ayala-led ACEN Corporation has committed tripling of investments in the Australian energy market to AU$6 billion until 2026; and that primarily gained recognition from visiting Australian Prime Minister Anthony Albanese. The Australian leader’s acknowledgment of the core ventures of the Ayala...
LONDON, England – The Philippines is taking center stage at the ongoing World Nuclear Symposium here to apprise global investors of the Marcos administration’s renaissance play into nuclear power installations as part of the country’s energy mix by the next decade. Department of Energy (DOE)...
LONDON, England – The planned deployments of small modular reactors (SMRs) by a great deal of energy markets will drive the growth in nuclear power capacity in the decades ahead, according to a report that was released by the World Nuclear Association in an ongoing global symposium here....
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing the terms for the auction next year of the propounded 25-year concession deal for the rehabilitation of the 932-megawatt Agus-Pulangui hydropower assets in Mindanao. According to PSALM President Dennis Edward A....
