ILOILO CITY – The sole electricity distributor in Iloilo City has introduced its first fully unmanned substation, a landmark initiative in the energy sector in Western Visayas. More Electric and Power Corp. (MORE Power), in a news release on Monday, said the 30 megavolt-ampere substation is...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
Aging and inefficient coal-fired power plants across the country may soon face voluntary retirement or repurposing as the government intensifies its shift toward renewable energy (RE). In a statement on Friday, May 8, the Department of Energy (DOE) said that it is conducting a rigorous assessment...
Just as blood carries oxygen to every organ to keep a body in motion, a steady electrical current delivers the “breath” required for the island’s infrastructure to thrive. When power flows reliably, the island is healthy. Businesses flourish. Homes remain cool. And the community remains...
DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
Energy producer SPC Power Corp. is allocating ₱3 billion for capital expenditures to accelerate its shift toward renewable energy and energy storage, targeting the deployment of significant new capacity later this year. During an annual stockholders’ meeting on Thursday, May 7, James Roy...
Everyone knows what a 10 percent battery feels like mid-afternoon, while you’re in transit or maybe during a power outage. The meeting still has thirty minutes left. The map is mid-route. The shoot is not done. The question at that point is not whether to find power, but whether the right power...
The power generation unit of Manila Electric Co. (Meralco) is stepping back from the direct bidding process for a prized coal concession in Antique province. Emmanuel V. Rubio, Meralco PowerGen Corp. president, said they will instead wait for the Consunji family’s mining unit to secure the...
A power interruption affects some areas in Barangay Pinagbuhatan, Pasig City, due to a fallen electric post on Tuesday afternoon, May 5. Motorists were advised to avoid passing through the Sandoval Avenue corner of Centennial 1 in the meantime, as the area remains impassable due to hanging power...
Headline inflation or annual price increases soared to a 37-month high of 7.2 percent in April, mainly as domestic fuel and food prices skyrocketed due to the global oil price and supply shocks caused by the prolonged war in the Middle East. The Philippine Statistics Authority ’s (PSA) latest...
Consunji-led Semirara Mining and Power Corp. (SMPC) is leaning on its three-decade operational history as it prepares for the government auction of its coal assets in Antique province. Speaking at the company’s annual stockholders’ meeting on Monday, May 4, Isidro Consunji, SMPC hairman said...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
