With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
The government released around P579 million to fund projects, such as flood controls, in eight regions under the People’s Survival Fund (PSF). Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of a notice of cash allocation (NCA) amounting to...
The Department of Energy (DOE) is batting for an issuance of system impact study (SIS) for power projects that shall be shorter than three months, so the country can further speed up developments in the renewable energy (RE) sector. According to Energy Secretary Raphael P. M. Lotilla, the length of...
(Photo: DPWH) The Department of Public Works and Highways (DPWH) is fast-tracking the construction of key bridges in Tawi-Tawi with the objective of improving regional connectivity and boosting the local economy. DPWH Senior DPWH Undersecretary Emil K. Sadain said the Nalil-Sikkiat Bridge No....
Listed firm Alternergy Holdings Corporation is gaining traction on hitting the 500-megawatt scale on its portfolio buildup, with the targeted 2025 completion of its 28MW Solana solar power project in Hermosa, Bataan adding up to its well-calculated capacity growth. The solar farm project which...
Lopez-led ThermaPrime Drilling Corporation (ThermaPrime) has beefed up its geothermal drilling business segment with three more rigs that it can immediately utilize for the expansion of its operations. According to the company, two of the newly acquired drilling rigs are of 1,500 horsepower (hp);...
It may seem like a regressive step but harsh realities of tight supply predicaments tormenting the country has been prompting the Department of Energy (DOE) to greenlight coal-fired power plant projects that are not covered by the coal moratorium issued in 2020. Following last week’s State of the...
Senator Grace Poe has formally sought an investigation into the underutilized budget of the Department of Public Works and Highways (DPWH) for flood control projects. (Noel Pabalate/MB file photo) In Senate Resolution No. 1090 she filed on Monday, July 29, Poe cited the devastation wrought by Super...
SAGIP Party-list Rep. Rodante Marcoleta (Facebook) If SAGIP Party-List Rep. Rodante Marcoleta would have his way, he would have the Commission on Audit (COA) conduct more timely audits on flood control projects. Marcoleta said that doing so...
Some senators lamented how the billions worth of flood control projects were not felt despite its increasing budget allocation every year. (Noel Pabalate/MB file photo) Senator Grace Poe said that the worsening flooding in Metro Manila appears "not to complement" the increasing budget. "With every...
President Marcos has called on Congress to work with the Executive branch in reviewing the Electric Power Industry Reform Act (EPIRA). President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) In his third State of the Nation Address (SONA) on Monday, July 22, Marcos made the call to determine if...
