Listed Filipino firm Basic Energy Corporation has sealed a 50:50 joint venture pact with Japanese firm Renova Inc. for the commercial development of Mabini wind power project that could potentially yield 50-megawatt capacity addition to the country’s power supply. Basic Energy announced that the...
The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
Power supply in the Luzon system is still at its ‘fragile state’, prompting system operator National Grid Corporation of the Philippines (NGCP) to declare fresh wave of ‘yellow alert’ condition in the grid on Wednesday (April 17) as 18 electric generating units are still on forced outages....
The Bataan Nuclear Power Plant (AFP/MANILA BULLETIN) As the country faces the prospect of a power shortfall amid the extreme summer heat, Pangasinan 2nd district Rep. Mark Cojuangco has called on the Department of Energy (DOE) to consider nuclear energy as...
The Department of Energy (DOE) is seeking for VAT-exemption on the purchase and sale of indigenous natural gas, and the sale of power using indigenous natural gas as part of the fiscal incentives to be granted under the proposed law developing the Philippines’ natural gas industry. Energy...
As it is becoming apparent that the government may have been failing on its projection of ‘no red alert’ and sufficient power supply within the stretch of the summer months, the Department of Energy (DOE) is appealing to the industrial and commercial end-users in particular to pare their...
With $1.5 million funding from the United States Agency for International Development (USAID), the Philippine government - with the Department of Energy (DOE) in the lead - has established a centralized energy command hub that will be primarily activated in times of disasters, power system failures...
There will be new wave of consumer frustrations at the domestic pumps this week because of the fresh wave of oil price hikes enforced by the oil companies across all fuel commodities. Based on the price adjustment advisories of the industry players, the price of diesel products will rise by P0.95...
The squeeze on consumers’ pockets will continue next week, as the oil companies are anticipating new round of increase in the prices of diesel and kerosene products. Based on the outcome of whole week trading in the regional market, the industry players estimated that the price of diesel products...
The Department of Energy (DOE) will be studying cost implications as well as supply reinforcement impact of the forthcoming innovations for energy storage systems (ESS) before integrating a pie of ‘renewable energy + ESS’ in the forthcoming green energy auction (GEAs) for RE projects. Energy...
The squeeze on consumers’ pockets will continue next week, as the oil companies are anticipating new round of increase in the prices of diesel and kerosene products. Based on the outcome of four-day trading in the regional market, the industry players estimated that the price of diesel products...
Public hospitals in the Philippines are looking to integrate sustainability into their operations, as they recognize the significant risks climate change poses to public health and economic wellbeing. The healthcare industry is focusing on transitioning to renewable energy, given its significant...
