ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
Ayala firm AC Energy Corporation (ACEN) has formally secured the go-signal of its stockholders on the infusion of P85.93 billion worth of international assets into its fold -- and this will form part of the five-step corporate restructuring plan of the company toward its goal to become the largest...
Year-ender Today, I give you pain. Tomorrow, who knows? For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway. At the height of the lockdown period in March-May,...
Pangilinan-led PXP Energy Corporation is seeking the imprimatur of the Philippine government as to the next steps it must pursue relative to its joint exploration deal with China National Offshore Oil Corporation (CNOOC) for oil and gas exploration at the Recto Bank offshore northwest Palawan...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
Yuchengco-led PetroWind Energy Inc. has been awarded as one of the ‘top community care companies’ in the 2020 Asia Corporate Excellence and Sustainability Awards (ACES) held recently in Kuala Lumpur, Malaysia. (Photo credit: http://www.petroenergy.com.ph/) As reckoned by Yrel Ventura,...
Vivant Energy Corporation has deployed of a 3.0-megawatt generating set to Bantayan Island in Cebu, alleviating brownouts in the island. The company said its subsidiary Isla Norte Energy Corporation (INEC), in partnership with Gigawatt Power Inc., had brought in the generators to beef up...
