Power utility giant Manila Electric Company (Meralco) is reportedly naming Ronnie L. Aperocho, one of its insider-veterans, to take the company’s helm soon as President, replacing Ray C. Espinosa who retired last year, according to a highly placed source. The utility firm’s Presidency was...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
The Department of Energy (DOE) has acknowledged that there would be ‘major environmental concerns’ that have to be seriously scrutinized and weighed on proposed energy projects that will traverse some stretch of the Verde Island Passage – not just with offshore wind farm developments, but...
The Department of Energy (DOE) is counting on the commercial fruition of roughly 13,000 megawatts (MW) of committed power projects for the country to ultimately get out from the ‘wobbly state’ of its electricity supply. As explained, committed capacity would refer to projects that are already...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
Generation output boosted by the commercial operations of new solar and wind farms had prompted 27% rise in the net income of Ayala-led ACEN Corporation in the first quarter to P2.7 billion versus P2.0 billion in the same period last year. That escalation in profitability, the company emphasized,...
The Marcos administration has already completed some 4,700 flood control projects from July 2022 to 2024, with 4,000 others currently being implemented, Palace press briefer Daphne Oseña-Paez said on Tuesday, May 7. During a Palace press briefing after a sectoral meeting with President...
President Marcos has instructed the Department of Public Works and Highways (DPWH) to integrate water conservation into its flood control and management projects to ensure that flood water can be reutilized for irrigation, water supply, and power generation, Secretary Manuel Bonoan said on Tuesday,...
With its power generation assets as income driver, this year’s first quarter earnings of Aboitiz Power Corporation jumped by 4.0% to P7.9 billion from year-ago level of P7.5 billion within comparative period in 2023. Without the non-recurring items, the company qualified that its profits would...
As part of his administration's goal for achieving a meaningful economic transformation , President Marcos has ordered the streamlining of the permitting processes for the country's infrastructure flagship projects (IFPs) to expedite their implementation. File photos Executive Secretary Lucas...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
President Marcos on Saturday, April 27, promised to bring in more investments and funding for infrastructure projects in Cebu to solidify its’ and Lapu-Lapu City’s status as the leading driver of economic growth and prosperity in the country. President Ferdinand 'Bongbong' Marcos Jr....
