TORONTO – Players in the nuclear industry in Canada are ready to export their technologies as well as technical capabilities to the Philippines once the country decides firmly on the resurgence of its nuclear power ambitions. Ontario Energy Minister Todd Smith conveyed to a recent delegation from...
TACLOBAN CITY – The plan to develop an ocean power project on Capul Island at the San Bernardino Strait in Northern Samar gained momentum with foreign experts on tidal energy arriving next week to conduct an assessment on the progress of the project that seeks to energize the whole-island...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
Mining and power firm Nickel Asia Corp. of the Zamora family saw a 53 percent drop in audited attributable net income to P3.7 billion last year from P7.9 billion in 2022 as nickel ore prices were lower due to the increase in Indonesian nickel production. In a disclosure to the Philippine...
TORONTO – Investors who are seriously looking at infusing heavy capital for nuclear power projects in the Philippines are decisively assessing concerns on siting as well as certainty of regulatory frameworks being the challenges that could make or break a deal in the resurgence of this...
TORONTO – Heeding key lessons learned from various energy markets, the Department of Energy (DOE) is keen on pushing for ‘premium incentives’ so the government could eventually entice investment-dollars for the country’s nuclear ambitions as reinforcement in the future energy mix. Energy...
TORONTO – Long term power supply agreements (PSAs) may thrive as the ‘gold standard’ in securing the confidence of investors if the Philippines will ultimately decide on integrating nuclear power as a strategic component of its future energy mix, according to the Energy Regulatory Commission....
European firm Mainstream Renewable Power (Mainstream) has signed service contracts with the Department of Energy (DOE) for two greenfield onshore wind power projects to be developed separately at demarcated sites in Luzon and Visayas grids. The service contracts were secured by Mainstream on 100%...
The Department of Finance (DOF) is open to consider the proposal to reevaluate the possibility of reactivating the mothballed Bataan Nuclear Power Plant (BNPP). In an effort to address the high electricity costs in the country, Finance Secretary Ralph G. Recto said the planned third-party...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
TORONTO – The Nuclear Energy Program Inter-Agency Committee (NEPIAC) led by the Department of Energy (DOE) is seeking the concurrence of the Department of Finance (DOF) to a proposed deal with the South Korean government on a new feasibility study that must be undertaken to re-assess technical...
The Yuchengco Group’s EEI Corporation reported that its subsidiary EEI Power Corporation (EEIPC) has inked a deal for the construction of a 145.2kWp Solar PV rooftop system with Dagupan Doctors Villaflor Memorial Hospital (DDVMH) in Mayombo District, Dagupan City. Present at the EEI Power-DDVMH...
