Senator Loren Legarda on Thursday, Oct. 9, rejected the idea of including Antique as a nuclear power site, emphasizing that she will oppose the budget of whichever agency proposes it. Legarda, a staunch environmental advocate, brought it up during the subcommittee hearing deliberating the 2026...
President Marcos said the signing of eight landmark petroleum service contracts (PSCs) worth over $200 million would reduce the Philippines’ near-total dependence on imported fuel and secure its long-term energy future. Speaking at the signing ceremony in Malacañan, the President said the...
The Department of Energy (DOE) on Wednesday, Oct. 8, clarified that all electric vehicles (EVs) are exempt from the number coding scheme following an erroneous citation issued by the Metropolitan Manila Development Authority’s (MMDA) system. In a statement, the DOE cited Section 25 of Republic...
Renewable energy (RE) is gaining bigger share of the country’s power generation mix as gas-fired power development continues to slow down, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA). In a report, Sam Reynolds of the IEEFA explained that gas-to-power...
While most of its domestic and global peer banks shy away from the heat, BDO Capital and Investment Corp. is stepping into the flames, publicly declaring its readiness and openness to bankroll new coal plant projects. In his remarks at the Powertrends 2025, BDO Capital President Eduardo V....
The Department of Energy (DOE) has cleared Manila Electric Co. (Meralco) to bid out a 200-megawatt (MW) renewable energy (RE) supply contract as way to expand its clean energy portfolio. The DOE approved the competitive selection process (CSP) for the 200 MW, which allows Meralco to invite power...
The Energy Regulatory Commission (ERC) has approved the connection of Lihangin Wind Energy Corp.’s (LWEC) San Isidro Wind Power Project to the Visayas grid, which would mark the entry of its wind capacity into the system. LWEC, a joint venture of Aboitiz Renewables Inc., Vivant Energy Corp., and...
As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning and Development (DepDev), and the Maharlika Investment Corp. (MIC), among other agencies. In a...
Aboitiz Upgrade Solar Inc. (AUSI), the joint venture between Aboitiz Power Distributed Renewables, Inc. and Upgrade Energy Philippines (UGEP), has partnered with Alphaland Corporation’s Balesin Island for the launch of a new three-hectare ground-mounted solar farm. Once completed, the 4.1...
The Department of Energy (DOE) has expressed full support for the private sector’s ongoing efforts to proceed with carbon credit trading, as two coal-fired power plants are slated for retirement and repurposing. During a High-Level Forum on Carbon Credits on Thursday, Oct. 2, Energy...
The Department of Energy (DOE) is considering extending its de-risking initiative—currently focused on geothermal energy investments—to nuclear energy following the Marcos administration’s approval of the Philippine Nuclear Energy Safety Act, also known as the PhilATOM law. In an ambush...
Cobra Energy Drink continues to fuel not only physical energy but also the dreams and determination of hardworking Filipinos through its flagship initiative, “Tatag sa Pagtupad ng Pangarap Kasama ang TESDA Program,” in partnership with TESDA NCR – PAMAMARISAN District Office and DOLE-TUPAD....
