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...
System operator National Grid Corporation of the Philippines (NGCP) is asking the Department of Energy (DOE) to eliminate from its certified list of system impact study (SIS) applicants that are being tagged as "pseudo investors" or "non-serious project proponents" to facilitate permitting process...
The joint venture of Filipino firm SunAsia Energy Inc. and Singapore-headquartered Blueleaf Energy will be injecting $1.5 billion to $1.7 billion worth of investments to develop at least 10 service contracts on floating solar facilities that may yield aggregate capacity of 1.3-gigawatt or 1,300...
Senator Risa Hontiveros on Wednesday, May 10 called on energy officials to step up and proactively address the widespread power outages looming over the country, lamenting how the Department of Energy (DOE) and the National Grid Corporation of the Philippines (NGCP) seems to be tarrying in...
The recurring spikes in prices at the Wholesale Electricity Spot Market (WESM) will drive up the electricity rates that will be passed on to roughly 7.5 million customers of Manila Electric Company (Meralco) in their May billing cycle. According to Meralco Vice President and Head of Corporate...
Forced outages and de-rating of power plants that took out more than 1,350 megawatts of capacities in the system placed Luzon grid into "red alert" on Monday, May 8, according to the advisory issued by system operator National Grid Corporation of the Philippines (NGCP). NGCP raised "red alert"...
COPENHAGEN - The final investment decision (FID) of multinational energy giant Royal Dutch Shell for its offshore wind (OSW) ventures in the Philippines will largely depend on the tariff rate that regulators will be implementing, according to a key executive of the company. In an interview, Sarah...
COPENHAGEN – Energy Secretary Raphael P.M. Lotilla told prospective global investors eyeing the Philippine offshore wind industry that the Department of Environment and Natural Resources (DENR) will soon be issuing the "regulatory framework" for the approval of environmental clearance for offshore...
COPENHAGEN – The Subic Bay Metropolitan Authority (SBMA) is planning to craft a policy that will hasten the entry of investor-proponent on the re-purposing of port infrastructure facility that will service offshore wind (OSW) investments in the Philippines. SBMA has been part of the Philippine...
Senate President Juan Miguel Zubiri on Wednesday, May 3, asked the Department of Energy (DOE) and the National Grid Corporation of the Philippines (NGCP) to solve the recurring blackouts in Western Visayas. "The DOE and the NGCP must step up and answer for the massive...
