Citicore Energy REIT Corp. (CREIT) reported that its net income inched up by two percent in 2024 due to property acquisitions and higher lease revenues from its renewable energy (RE) assets. In a disclosure to the Philippine Stock Exchange on Monday, March 31, CREIT said it posted a steady net...
The energy sector has traditionally been a man’s world, but women didn’t just knock on the door, they entered the room and are changing the leadership spectrum in this arena. As the month-long tribute to women's impact winds down, my focus is on three female leaders I’ve interviewed in the...
The National Grid Corporation of the Philippines (NGCP) faces delays as the Energy Regulatory Commission (ERC) has deferred the rollout of several projects across Luzon, Visayas, and Mindanao. In an ERC notice, the regulator noted that Group 3 capital expenditure (CAPEX) projects, spanning 2020 to...
The Energy Regulatory Commission (ERC) said that it is expediting the process for electric cooperatives’ (ECs) power supply agreements (PSAs) before the start of summer. In an ambush interview with ERC chairperson Monalisa Dimalanta, she shared that regulators and the Department of Energy (DOE)...
Senator Sherwin Gatchalian on Sunday, March 30 called on the Department of Energy (DOE) to ensure that the maintenance of natural gas plants is on track and a scheduled shutdown of such plants is not extended. Sen. Sherwin Gatchalian (MB File Photo) Gatchalian made the appeal, after...
An offshore wind farm The Philippines must put its best foot forward in the renewal energy (RE) arena--where it has been listed as second most attractive destination for investors--in order to entice additional foreign support, Camarines Sur...
These three women are lighting the way for a new era of energy leadership. Energy Undersecretary Rowena Cristina L. Guevara (center), Citicore Renewable Energy Corp (CREC) Chief Investor Relations Officer Abigail Joan R. Cosico (right), and ACEN Corp. Senior Vice President Irene S. Maranan (left)...
To minimize the risk of potential power outages, the Department of Energy (DOE) urged consumers in Luzon to practice energy conservation as two natural gas power generation facilities are set to shut down from March 29 to March 31. In a statement on Friday, March 28, the DOE reported that the...
The Energy Regulatory Commission (ERC) and the Securities and Exchange Commission (SEC) launched a program designed to encourage power sector players to go public and comply with the Electric Power Industry Reform Act of 2001 (EPIRA). On Thursday, March 27, the ERC and SEC jointly launched SEC...
Basic Energy Corporation (BEC) announced that its Cadiz 1 solar project in Negros Occidental has secured a certificate of authority (COA) from the Department of Energy (DOE). In a disclosure to the Philippine Stock Exchange on Wednesday, March 26, BEC stated that the COA allows it to obtain the...
SN Aboitiz Power (SNAP), the Aboitiz group's renewable energy (RE) provider, has begun construction of Benguet's first battery energy storage system (BESS) facility. In a statement on Tuesday, March 25, SNAP announced the groundbreaking of the 40-megawatt (MW) Binga BESS project, located at the...
CREIT President and CEO Oliver Y. Tan Citicore Energy REIT Corporation (CREIT) declared dividends amounting to ₱360 million for the fourth quarter of 2024, bringing its total dividends last year to ₱1.32 billion. In a disclosure to the Philippine Stock Exchange, the firm said its latest...
