The joint venture of Norwegian firm SN Power and Aboitiz Power Corporation would be stepping back on the implementation of the proposed $1.0 billion Alimit hydropower project due to remaining permitting concern that has yet to be resolved with the host community as well as on the grid connection of...
As weather temperature rises, so as the electric bills that consumers will be paying with initial estimates that the rates of giant power utility firm Manila Electric Company (Meralco) will be going up in April billing. According to Meralco Vice President and Spokesperson Joe Zaldarriaga, “based...
Listed firm Aboitiz Power Corporation will be shifting most of its power investments into the renewable energy (RE) development terrain in the next decade, with strategic focus on key markets in the Philippines and overseas, according to company president and chief executive officer Emmanuel V....
The customers of Manila Electric Company (Meralco) who will be locked up in their homes because of the re-imposition of enhanced community quarantine (ECQ) during the Holy Week will not need to worry about probable service cut-off, because the utility firm has extended its ‘no disconnection’...
Amid new fears of demand slump for oil commodities, prices of gasoline products at Philippine pumps will be on P1.20 per liter rollback this week; while diesel prices will be reduced by P1.30 per liter. The country’s oil companies also announced price cuts of P1.40 per liter for kerosene...
The proposed 3.0 million tons per annum (mtpa) liquefied natural gas (LNG) import terminal of Shell Energy Philippines is targeting to supply the gas requirements of two power plants in Central Luzon; as well as a major petrochemical facility in the country. According to Energy Secretary Alfonso G....
Listed firm Pilipinas Shell Petroleum Corporation suffered a humongous net loss of P16.2 billion last year, a complete reversal from its P5.6 billion net income logged in 2019. The oil company qualified though that 73 percent or P12 billion of its losses last year had been mainly traced to one-off...
The Department of Energy (DOE) has issued another notice-to-proceed (NTP) for a liquefied natural gas (LNG) import facility project – this time for Shell Energy Philippines. According to the project proponent-firm, the Philippines “is an important country for Shell and is keen to continue...
Listed firm Basic Energy Corporation has formally secured wind energy service contract (WESC) from the Department of Energy (DOE) for its planned 50-megawatt wind farm installation in Mabini, Batangas. The company, which is chaired by businessman Oscar C. De Venecia, disclosed to the Philippine...
The Department of Energy (DOE) has affirmed its decision to impose P610,000.00 worth of fines against Semirara Mining and Power Corporation (SMPC) against its coal trading violation that was apprehended two years ago. The department said SMPC was determined liable for violation of Section 3 of...
Oil companies as well as power firms have been directed by the Department of Energy (DOE) to guarantee that services to Filipino consumers must be seamless during the government-enforced stricter two-week general community quarantine (GCQ) within the so-called National Capital Region (NCR) plus...
The Department of Energy (DOE) will consult with stakeholders on the drafting of a circular for the implementation of electric vehicle (EV) charging stations all over the country. Under the draft policy set out by the department, it laid down plans for the setting up of both private and public...
