The combined favorable impact of high coal prices as well as soaring prices in the Wholesale Electricity Spot Market (WESM) had propelled the 279-percent surge in consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P3.98 billion in the second quarter this year...
The Department of Energy (DOE) is scouting for investor-challengers in at least two coal operating contracts (COCs) that it tendered for specified blocks in Visayas and Mindanao. For the targeted Mindanao coal mine developments, the blocks on offer are those in Asturias in Jolo, Sulu; Carmen in...
There are still a bunch of coal-fired power plant projects that must be ditched if San Miguel Corporation (SMC) is to prove its commitment to cleaner sources of energy, a pro-environment group said. (Photo by Wander Fleur/ Unsplash) “If SMC wants to grasp at the renewable energy (RE) message, it...
Diversified conglomerate San Miguel Corporation (SMC) is coming clean on its next wave of energy investments, turning it s back on the industry’s old time favorite base coal plants to focus its fresh capital infusion into renewable energy (RE) installations. “We’re executing on our plans to...
Clean energy group Center for Energy, Ecology, and Development (CEED) hailed on Friday, May 7 the apparent decision of the Asian Development Bank (ADB) to move away from coal, which has long been regarded as a dirty energy source. (Photo by Wander Fleur / Unsplash) "Today, the Asian Development...
The Manila Electric Company (Meralco)--the local power distribution giant that has been linked by environmentalists to coal--is apparently pivoting toward a "greener" future. (Photo by Karsten Wurth/ Unsplash) This was learned during a recent virtual forum on multi-sector integration of so-called...
Jot down another victory for all the anti-coal advocates out there. Clean energy and consumers rights group Power for People Coalition (P4P) hailed on Wednesday, April 28 the cancellation of the 600-megawatt (MW) Subic coal plant project listed under Redondo Peninsula Energy Inc. (RP Energy),...
The Philippine government is currently discussing with the Asian Development Bank (ADB) the viability of a plan to ‘buy out’ the older fleets of coal-fired power facilities in Mindanao grid. Finance Secretary Carlos G....
The Department of Environment and Natural Resources-Environmental Management Bureau in Region 10 (DENR-EMB 10) has lauded FDC Misamis Power Corporation (FDC Misamis) for the man-made forest it built in the province To be specific, DENR cited the forest management and reforestation programs of FDC...
The proposed coal-fired power plant project of Chinese firm Kingstone Energy is not in the “indicative” or “committed” list of projects of the Department of Energy (DOE), hence, that could warrant its ultimate disqualification from the competitive selection process (CSP) of Manila Electric...
The country’s love affair with coal technology is far from over, as the current official project list of the Department of Energy (DOE) still casts 11,289 megawatts of committed and indicative coal plant projects due for developments in the short to medium term. For committed power...
Existing generating facilities with definitive expansion plans will be excluded from the coverage of the coal moratorium policy that was finally firmed up by the Department of Energy (DOE) in an advisory that it issued this week. Aside from expansion projects, exempted from the prohibited coal...
