DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
DUBAI, UAE -- The strategy of the Philippines in line with the COP28 Global Stocktake for energy transition will differ to a great extent, because it will be opting for coal plants’ phasedown, instead of the intensified call of the United Nations Framework Convention on Climate Change (UNFCCC)...
DUBAI, UAE -- The South Luzon Thermal Energy Corp (SLTEC) generating asset of Ayala-led ACEN Corporation is catching the attention of the world, as this has been tapped as a ‘candidate plant’ for transition credits that will potentially showcase to the world that earlier retirement or phaseout...
DUBAI, UAE – Raising warning that current policies and ‘business-as-usual’ development business models have been catapulting the planet’s tumble into ‘crash and burn’ with 3.0-degree Celsius temperature rise, United Nations Secretary General Antonio Guterres sent a clear message to all...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared record-high special cash dividends of P14.88 billion, based on the approval granted by its board of directors on October 10 this year. The company noted that the special cash dividends will form part of the payout that it has...
Beyond the volume that shall be allocated for its domestic requirements, the government of Indonesia has assured continuous coal supply that can be utilized by the power plants in the country, according to Energy Secretary Raphael P.M. Lotilla. “Our bilateral with Indonesia is making sure that...
It will not be a mandatory policy – rather, it will be a voluntary retirement or re-purposing of coal-fired power plants that the Department of Energy (DOE) will be advocating for in the country’s multi-tiered ‘just energy transition’ paradigm. As presented by Energy Undersecretary Rowena...
The Department of Energy (DOE) is planning to re-calibrate the country’s power mix by opting to retire coal-fired power facilities at the scale of 5,000 megawatts in the medium term. According to Michael Sinocruz, director of the DOE’s Energy Policy and Planning Bureau, that has been one of the...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
# DOE targets 8,000MW add'l capacity until 2028 By MYRNA M. VELASCO The Department of Energy (DOE) is eyeing roughly 8,000 megawatts of capacity addition to meet peak demand growth of up to 25,000MW (MW) until 2028 of the Marcos administration. The energy chief said the projected demand escalation...
An Intergovernmental Energy Board (IEB) Circular has been jointly inked by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources, and Energy (MENRE) to kickstart investments in coal, and petroleum exploration and development in the Bangsamoro Autonomous Region in Muslim...
