Budding energy firm Solar Philippines Nueva Ecija Corporation (SPNEC) has secured the approvals of the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) on its initial public offering (IPO) this year. The designated issue manager and lead underwriter for the planned...
Dennis Uy breaks silence; claims US$191-M capitalization in Malampaya buy By Myrna M. Velasco Davao businessman Dennis A. Uy finally broke his silence to refute allegations of "negative working capital" as he claimed that his Udenna subsidiaries have $191 million capitalization, not $100 million,...
After last week’s relief on consumers’ pockets, motorists using gasoline products on their vehicles can continue to breathe easy as this commodity will have another hefty rollback of more than P1.00 per liter next week. Based on calculations by industry players, the widely used 92 RON unleaded...
Manila has outlined its envisioned path towards a sustainable energy future during the Energy Transition Partnership event at the ongoing 26th United Nations (UN) Climate Change Conference of the Parties (COP26) in Glasgow, Scotland. In his presentation, Energy Undersecretary and Spokesperson Felix...
Filipino consumers can lean on interim financial relief this week, as the price of gasoline products had been rolled back by P1.00 per liter; and diesel prices by P0.60 per liter, as announced by the oil companies. Similarly, the price of kerosene commodity, which is a base for aviation fuel and...
The Department of Energy (DOE) has steered clear of any commitment to phase out coal-fired power plants in the Philippines, as stipulated in its pledge to the ongoing 26th Conference of the Parties (COP) Climate Change Summit in Glasgow, Scotland. In a formal correspondence to Alastair Totty,...
The Department of Energy (DOE) on Saturday, Nov. 6, reiterated the country's commitment to gradually transition from fuel energy into clean energy as the country participates in the 2021 United Nations Climate Change Conference or COP26. In a statement, the agency said "nothing has changed" with...
Filipino households relying on liquefied petroleum gas (LPG) for their cooking chores will need to allocate higher budget, as the price of that product had been increased by P3.10 per kilogram (kg) or an aggregate P34.10 for the standard 11-kilogram cylinder. The other fuel commodity that will rise...
The Philippine government will need to shell out more than P330 billion if it will concretize its plan to ‘buy out’ coal plants in Mindanao grid as part of the country’s commitment for carbon emissions reduction at the 26th Conference of the Parties (COP 26) of the United Nations Climate...
After more than two months of incessant price hikes, consumers will be in for a respite with diesel and kerosene prices on rollback although gasoline price is expected to continue to rise significantly. Based on last week’s trading outcomes in the world market, diesel prices will decline by P0.45...
The National Electrification Administration (NEA) should earmark some of its budget for the residents in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), Senator Sherwin Gatchalian said. Gatchalian, chair of the Senate Energy Committee, noted that not a single centavo of its proposed...
The National Electrification Administration has (NEA) has extended the submission of the mandated Renewable Energy Development Plan (REDP) by the country’s electric cooperatives (ECs) to give them longer leeway to prepare. The deadline has been extended from October 27 to to Nov. 5 this year....
