The rules for the targeted green energy auction program (GEAP) will be laid down next month, according to the Department of Energy (DOE), but the actual bidding for renewable energy (RE) capacity installations will likely be undertaken second half of the year yet. Energy Assistant Secretary...
Transmission firm National Grid Corporation of the Philippines (NGCP) has indicated that it surpassed performance targets that had been prescribed for it to achieve in operating and managing the country’s power transmission network and facilities. It specified that among the key indicators that...
Ayala-led AC Energy Corporation is making headway on its goal to become a leading player in the renewable energy (RE) space, as it advanced into construction phase its 160-megawatt Balaoi & Caunayan wind farm project in Pagudpud, Ilocos Norte; flourishing as the biggest installation on that...
Razon-led firm Prime Infrastructure Holdings Corporation (Prime Infra) has set up a subsidiary company that will carry out its targeted investments that will transform the country’s massive wastes into ‘black gold’ or a venture into waste-based fuels production. The new corporate vehicle,...
Private transmission firm National Grid Corporation of the Philippines (NGCP) is ‘on track’ with its planned US$1.0 billion initial public offering (IPO) and is targeted to be concluded in six months, based on a mandate from the power industry regulator. “Right now, we’re on track with our...
Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy...
Lopez-led First Gen Corporation has earmarked US$530 million capital expenditures (capex) this year that will be funneled mainly to the expansion projects of subsidiary Energy Development Corporation (EDC) as well as its ongoing interim liquefied natural gas (LNG) import terminal. During the...
Japanese firm Mitsubishi Power (Philippines) Inc. has bagged a three-year contract for ‘reliability maintenance work’ aimed at improving the capacity availability at the 300-megawatt Therma South Inc. power plant of Aboitiz Power Corporation. The long term service agreement (LTSA), according to...
Listed firm Phoenix Petroleum Philippines Inc. is expanding the market reach of its lubricant products into Indonesia, the company has announced. The oil firm said its lubricants brand will be the first commodity...
With the Covid-induced demand crash last year, the country’s aggregate oil import bill slowed down by a significant 46.2 percent to $6.371 billion from a comparatively whopping $11.838 billion in 2019. The Department of Energy’s Oil Industry Management Bureau (DOE-OIMB)...
Department of Energy (DOE) Secretary Alfonso Cusi has reiterated his directive to local power stakeholders to ensure "reliable and stable" supply of electricity for the cold storage needs of sensitive coronavirus disease (COVID-19) vaccines. DOE Secretary Alfonso Cusi (Photo from DOE Facebook page)...
Yuchengco-led firm PetroGreen Energy Corporation (PGEC) has completed its pioneering solar rooftop installation that primarily targets commercial and industrial (C&I) end-users - and that initial venture is for its affiliate 12-storey Enrique T. Yuchengco (ETY) office building in Binondo,...
