The coal moratorium policy will be sustained under the Marcos administration, Energy Secretary Raphael Perpetuo Lotilla declared. “The moratorium on the building of new coal-fired power plants has been set and you know I don’t believe in completely changing policies and therefore changing mixed...
Consunji-led Semirara Mining and Power Corporation clinched four awards in the 12th Institutional Investor Corporate Awards 2022 of Hong Kong-based Alpha Southeast Asia magazine. The recognition accorded to the integrated mining and energy firm had been anchored on a poll of more than 500 investors...
CALAPAN CITY, Oriental Mindoro -- Former Oriental Mindoro Congressman Rodolfo G. Valencia has proposed the use of coal as the most practical and economically-viable solution to end the power crisis in Mindoro island. Former Oriental Mindoro Congressman Rodolfo Valencia stresses a point in his...
Security Bank announced that it will no longer extend financing to coal-fired power facilities in its bid to align its project funding strategy to the goals of the Paris Agreement and the climate change diplomacy based of the 26th Conference of the Parties (COP26) on abating climate change risks....
WARSAW, Poland – Ten miners were missing on Saturday after a second coal mine accident in just days in Poland, which is heavily dependent on the fossil fuel. "Rescuers are without contact with 10 people," at the mine in Zofiowka, the JSW company said in a statement. A tremor shook the mine...
BRUSSELS, Belgium – The European Union on Thursday said it had approved an embargo on Russian coal and the closing of the bloc's ports to Russian vessels over the Ukraine war. An official from the French presidency of the European Council said the moves spearhead a "very substantial" fifth...
Soaring electric bills in summer months seen By MYRNA M. VELASCO Summer months may just get hotter as soaring electric bills could further erode the purchasing power of Filipino consumers and thin power supply could also push Luzon grid into brownout breaking points. As global fuel prices are on...
The Department of Energy (DOE) and players in the electric power industry are appealing for temporary exemption on the payment of value added taxes (VAT) as well as suspension of excise taxes for coal and oil as fuel for power generation, to spare Filipino consumers from drastic spikes in...
Newly-issued Executive Order 164 of President Rodrigo Duterte has stipulated that the country’s need for baseload electricity supply shall be plugged by nuclear power facilities, which will serve as replacement to the targeted eventual phaseout of coal-fired electric generating assets. “Nuclear...
The astronomical rise in global coal prices had driven up the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to a record high P16.2 billion last year, or 393 percent jump from P3.3 billion in 2020. The firm noted that the significant income hike had been due to array of...
Energy Secretary Alfonso G. Cusi has appealed to Indonesia’s Minister of Energy and Natural Resources, Arifin Tasrif, for the lifting of its coal export ban as this would have an adverse impact on the availability of electricity supply in the Philippines. In a letter to the Indonesian energy...
With the coal export ban being enforced now by the Indonesian government, the Department of Energy (DOE) is prodded on a contingency measure to ensure sufficient coal inventory, that in turn could spare the country from rotational blackouts especially during the peak demand months of summer. In a...
