The auction of 11,600 megawatts of RE capacity scheduled this month will prove to be an "acid test" for the accelerated renewable energy (RE) development roadmap designed by the Marcos administration. The Department of Energy (DOE), which will administer the RE capacity tendering for the second...
The increasing adoption of artificial intelligence (AI) and metaverse is seen as game-changing factor that will trigger exponential rise in the energy demand of data centers due to the high-powered computing usage of hyperscalers. According to Victor Emmanuel S. Genuino II, president and CEO of...
The Department of Energy (DOE) will be issuing a circular to outline the audit parameters on the performance of system operator National Grid Corporation of the Philippines (NGCP) as a concessionaire of the country’s power transmission network. On the sidelines of the ongoing Philippine Onshore...
System operator National Grid Corporation of the Philippines (NGCP) was able to free up stranded capacity in the northern corridor of the Luzon grid, following the energization of its 500-kilovolt (kV) Hermosa-San Jose transmission line project in Bataan. That project, which commanded investment of...
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 National Grid Corporation of the Philippines (NGCP) said that government should give weight to the P300 billion worth of investments it had injected into the country’s power transmission network in reaction to the In reaction to the Malacanang pronouncement that the government may take back...
The Senate energy committee on Wednesday, May 17, scrutinized the plans of the Department of Energy (DOE) and other power stakeholders to provide long-term solutions to power supply shortages Presiding as chairman of the Senate Committee on Energy hearing on the recent power outages in the country,...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
President Ferdinand "Bongbong" Marcos Jr. has signed the Renewal Agreement for the Malampaya Service Contract No. 38 (SC 38), allowing the continued production of the Malampaya gas field until Feb. 22, 2039. *President Marcos signs Renewal Agreement for the Malampaya Service Contract No. 38 (SC...
System operator National Grid Corporation of the Philippines (NGCP) is proposing amendments to the Grid Code to ensure the country’s power system can efficiently absorb gigawatt-scale but variable renewable energy (RE) capacities. In a presentation to the media, NGCP Vice President and Head of...
Motorists will feel the pinch on their wallets anew as fuel commodity prices take a reverse course for uptrends next week, based on calculation by oil companies. According to the industry players, diesel prices will have a relatively significant increase of P1.25 to P1.55 per liter, while gasoline...
Transmission firm National Grid Corporation of the Philippines (NGCP) forthrightly stated that it is amenable to the ‘audit call’ by the Department of Energy (DOE), granted that these are carried out within the legal bounds of its concession agreement with the government as well as its franchise...
