The consumption of biofuel in the Philippines is expected to increase this year due to a rise in fuel pool and the expected adoption of higher blending standards, the US Department of Agriculture (USDA) said. The USDA projected that the demand for fuel ethanol in the country would rise by eight...
The Department of Energy (DOE) is counting on the commercial fruition of roughly 13,000 megawatts (MW) of committed power projects for the country to ultimately get out from the ‘wobbly state’ of its electricity supply. As explained, committed capacity would refer to projects that are already...
Many offshore wind investors may end up abandoning their proposed projects as both government and private sector advocates have been intensifying calls and activities for reinforced protection of the Verde Island Passage (VIP). A highly placed source indicated that a multinational company along...
Senator Risa Hontiveros on Wednesday, May 15 called on the Department of Energy (DOE), the Energy Regulatory Commission, and the National Grid Corporation of the Philippines (NGCP) to demonstrate the foresight and competence needed to address the power supply shortage being felt around the country....
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies (GenCos) to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements...
Repower Energy Development Corp. (REDC) reported a surge in net income for the first quarter, fueled by the strong performance of its mini run-of-the-river hydropower plants. In a disclosure to the Philippine Stock Exchange on Wednesday, May 15, REDC, a subsidiary of Pure Energy Holdings Corp.,...
The Manila Electric Co. (Meralco) has partnered with the Japanese Chamber of Commerce & Industry of the Philippines, Inc. (JCCIPI) to advance sustainable and energy-efficient solutions in the energy sector. During a recent joint webinar on sustainability and environmental, social, and...
Citicore Energy REIT Corporation (CREIT) reported an 18 percent growth in net income to P359.27 million in the first quarter of 2024 from P304.95 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it posted a 26 percent increase in revenues at P473...
Senator Raffy Tulfo (Senate PRIB) Senate Committee on Energy chairman Senator Raffy Tulfo questioned the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) over their failure to regularly monitor power plants amid frequent outages....
Following findings from the Department of Environment and Natural Resources Region 6 (DENR-6) of PetroWind Energy Inc’s compliance to its various environmental permits for its 13.2 MW Phase 2 project, the Sangguniang Bayan (SB) of Malay re-endorsed the project last February 22, 2024. PWEI started...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
