The decline in coal prices globally had prompted 30% dip in the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P27.9 billion last year from record-high earnings of P39.9 billion in 2022. According to SMPC President and COO Maria Cristina C. Gotianun, the drop in global...
Greenfield as well as expansion generating facilities of Aboitiz Power Corporation will be shoring up power supply in the country this year by additional 400 megawatts – mainly coming from its solar plants that will be reaching commercial stream in the months ahead. In a briefing with reporters,...
The Department of Energy (DOE) and Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) are advancing on their ‘courting stage’ for capital flow on energy projects that shall be installed in the region. On top of that, the...
The Department of Energy (DOE) will be undertaking this year the first bid round to woo prospective investors for energy infrastructure developments in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The department announced that the launch of the planned auction for conventional...
The government should prepare policies on energy transition amid mounting calls for a coal phaseout, Senator Sherwin Gatchalian said. Gatchalian pointed out that the development of more renewable energy (RE) projects in the country is expected to bring down power costs and ensure sufficiency...
The goals laid down at the COP28 Global Stocktake had fallen short on the target for total phaseout of fossil fuels in energy systems, although there had been more aggressive commitments on deeper emissions cut as well as reinforcements on climate finance. In his closing speech, UN Climate Change...
DUBAI, UAE – Ayala-led ACEN Corporation is batting for viable ‘replacement cash flow’ that will satisfy its shareholders on the planned accelerated retirement of its 246-megawatt South Luzon Thermal Energy Corp (SLTEC) coal plant. In an interview at the COP28 side events, ACEN President and...
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...
