Citicore Power Inc. (CPI) is distributing shares of solar energy developer Citicore Renewable Energy Corp. (CREC) to its shareholders Edgar Saavedra and Oliver Tan to consolidate their direct interest in the publicly listed CREC. In a disclosure to the Philippine Stock Exchange (PSE), CREC said CPI...
In his 29 years in the power generation industry — eight in the Therma Visayas power plant in Toledo City, Cebu — Nilo Lumbaca, 56, has always aspired to be the best he can be because of his family. “Outside of work, I really value spending quality time with my family. Being with them...
As Christmas greetings made the rounds, so did quieter whispers of an unsettling rumor: that a major mining company shareholder is allegedly being groomed to take the helm of the Department of Environment and Natural Resources (DENR). This raises a troubling scenario: Is current Environment...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power) electricity rate here went down this month by P0.50 to P11.35 per kilowatt-hour from P11.85 in November. MORE Power attributed the rate decrease to the increased supply margin resulting in lower prices at the Wholesale Electricity Spot...
For what it’s worth, Ferdinand Marcos Sr.’s energy policy remains a benchmark for sustainability and reliability. Had the 620-megawatt Bataan Nuclear Power Plant (BNPP) not been shelved by the Aquino administration, Filipinos would likely have enjoyed cheaper electricity rates from that...
Maharlika Investment Corp.’s (MIC) ₱19.7-billion acquisition play for a 20 percent stake in Synergy Grid and Development Philippines Inc. (SGP), the holding gateway to transmission firm National Grid Corporation of the Philippines (NGCP), failed to close on the original schedule. This failure...
While Filipinos are being told to feast on crumbs for a ₱500 noche buena this Christmas, how can anyone expect us to stomach a power capacity addition that will compel consumers to pay a gut-wrenching ₱14 per kWh for offshore wind? This energy source is being served like a luxury entrée to a...
BACOLOD CITY – A bottling company is embracing renewable energy and strengthening sustainability efforts by installing solar power plants that would generate 8.34 megawatts (MW) of electricity in all 11 industrial plants nationwide. Pepsi-Cola Products Philippines Inc. (PCPPI) president Phyo Phyu...
Nagoya, Japan – If Japan’s energy giant JERA Co. Inc. wants to make one truth unmistakably clear, it’s that the energy transition isn’t some one-size-fits-all crusade. Other than the spotlight-grabbing renewables, the hard reality is that repurposing existing coal fleets through ammonia...
The United States Embassy in Manila warned its citizens in the Philippines of the two large-scale anti-corruption rallies scheduled on Nov. 30, with one being close enough to the embassy’s compound along Roxas Blvd. in Manila. In an advisory, the embassy informed its citizens that the rallies...
President Marcos has vowed to improve government processes aimed at promoting and accelerating renewable energy projects. Marcos made the commitment during his visit at the Ning*Ning 6.55 megawatt project in Pasinaya Homes Prime Central in Naic, Cavite on Tuesday, Nov. 25. "On our end as the...
ILOILO CITY – Iloilo Rep. Janette Loreto-Garin has sought the expansion of Razon-owned MORE Electric and Power Corp. (MORE Power) to southern Iloilo province. Garin has filed House Bill No. 6292 to amend Republic Acts (RA) No. 11212 and 11918 and facilitate inclusion. RA 11212 gave MORE Power the...
