Hefty price hikes of more than P1.00 per liter across products will distress consumers’ pockets next week, and this could further squeeze budgets that Filipino families would be allotting for the Christmas holidays. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) Based on the initial calculation of...
An additional P550 million allocation had been proposed in the P4.506 trillion budget of the Philippine government, so extra financial resources can be funneled into the repair of power lines damaged by calamities. Senate Committee on Energy Chairman Sherwin T. Gatchalian had pushed for that cash...
Electricity demand ‘tame’ in 2 months The manufacturing sector failed on its rebound momentum, hence, the country’s electricity demand had been ‘tame’ in the past two months, according to the operator of the Wholesale Electricity Spot Market. Isidro E. Cacho Jr., chief corporate strategy...
The downstream oil subsidiary of Chevron Corporation has named Billy Liu as its new Country Chairman and General Manager, replacing Louie Zhang who recently retired following more than three decades of service in the American firm. In taking the top post at Chevron Philippines Inc. (CPI), Liu will...
The Energy Regulatory Commission (ERC) has approved and issued 37,817 certificates of compliance (COCs), or the licenses that the qualified industry players would need so they can continually operate their facilities. The issued COCs, according to the industry regulator, were as of September 30...
Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) has inked a deal for its programmed P6.0 billion fixed rate corporate notes issuance, the proceeds of which will partly bankroll its renewable energy projects and to refinance existing loans. The company, in a disclosure to the Philippine...
The Philippines is cementing its two-decade ‘low carbon’ pathway with 34,000 megawatts of renewable energy (RE) installations that shall be integrated into the power mix. At the virtual Southeast Asian Nations Clean Energy Week, Energy Secretary Alfonso G. Cusi declared that the country’s...
Local firm Solar Philippines is prepping up for its planned initial public offering (IPO) at the local bourse, according to company executives. The firm, which was founded by young businessman Leandro Leviste, has recently tapped power industry hotshot Marty Crotty as its new Chief Executive...
US firm Enphase Energy Inc. has partnered with MSpectrum, a subsidiary of Manila Electric Company (Meralco), for the distribution of the former’s products to residential and commercial end-users opting to draw their energy needs from solar installations. In an announcement at its...
Despite the Department of Energy’s (DOE) moratorium on new coal projects, it was specified that the coal ventures of state-run Philippine National Oil Company-Exploration Corporation will not be covered by that investment prohibition. Energy Secretary Alfonso G. Cusi qualified the PNOC-EC...
Ayala-owned upstream petroleum firm ACE Enexor Inc. has kicked off its search for a deep-pocketed and technically experienced partner for its planned oil and gas exploration venture at an offshore block in Northwest Palawan. ACE Enexor Chairman and CEO Eric T. Francia “We’re beginning to...
The advent of bad news seems endless for Filipino motorists, as diesel prices will increase again by P0.50 per liter this week, according to the industry players. For kerosene, a commodity on which people barreled by the typhoon could partly lean on while waiting for their electricity services to...
