Transmission firm National Grid Corporation of the Philippines (NGCP) objected to the planned audit by the Department of Energy (DOE) and two other state-run companies – the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Transmission Corporation (TransCo), stating...
The Department of Energy (DOE) is planning a site visit to the 1,200-megawatt Ilijan gas-fired power facility this week to re-validate its targeted return to commercial operation this May 26, as earlier communicated to the government by South Premiere Power Corporation (SPPC) of the San Miguel...
Despite fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery. According to Energy Secretary Raphael P.M. Lotilla, the pricing...
Lopez-led First Gen Corporation will be joining the fresh round of bidding that power utility giant Manila Electric Company (Meralco) will be undertake to fill the capacity void on its additional 2024 supply following the retreat of its targeted supplier. First Gen President and COO Francis Giles B....
There will be mixed price adjustments at the domestic pumps by Tuesday, May 23, but cost swings are expected to be relatively marginal, based on the calculation of the oil companies. According to industry players, the price of gasoline will rise by P0.60 to P0.90 per liter; while diesel prices will...
The Department of Energy (DOE) is enforcing the conduct of "port capacity assessment" as one of the major requirements that offshore wind (OSW) investors have to accomplish and submit to the government as part of their applications for project-permitting. That has been one of the key stipulations...
Lopez-led First Gen Corporation is scheduling a tender process for the procurement of its liquefied natural gas (LNG) on a spot contract basis that will be utilized as commissioning fuel for its LNG import facility in Batangas. According to First Gen Chief Commercial Officer Jonathan C. Russell,...
Transmission firm National Grid Corporation of the Philippines (NGCP) said it is lining up several priority projects that will reinforce the country’s electricity network and backbone to support the distribution of bigger electricity loads. The company emphasized that its investments’ pipeline...
As data center project-proponents have been firming up their investment plans in the Philippines, the Department of Energy (DOE) indicated that it will match up their electricity needs with the investors putting up renewable energy (RE) facilities in the country. “A number of investors presented...
Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
Following the 15-year renewal of the Service Contract 38 for the Malampaya project, Razon-led operator firm Prime Energy can already carry out exploration drilling activities beyond the existing production area of the depleting gas field. This developed after President Ferdinand R. Marcos Jr....
Shell Pilipinas Corporation is setting additional Investments in electric vehicle (EV) chargers to help boost the country’s drive to transition into electric mobility (e-mobility). According to Shell Vice President for Mobility Randolph T. Del Valle, the company is planning to “have eight more...
