West Zone concessionaire Maynilad Water Services, Inc. has increased its use of renewable energy in its operations by 15 percent following its partnership with MPower, the local retail electricity supplier of Manila Electric Co. (Meralco). Under this partnership, Maynilad said in a statement on...
BAKU, Azerbaijan – The host country of the 29th Conference of the Parties for Climate Change (COP29) is eyeing energy as well as trade bilateral cooperation with the Philippines, according to the chief foreign policy advisor of Azerbaijan President Ilham Aliyev. In an interview during an official...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
Transitioning toward renewable energy (RE) and away from fossil fuels, the largest contributor to climate change, may be the greatest gift we can offer the planet during and beyond Philippine Environment Month. A study published in the journal Earth System Science Data revealed that emissions from...
The Energy Regulatory Commission (ERC) has ordered all distribution utilities (DUs) in the Luzon and Visayas grids to delay charging consumers preliminary generation charges. In a statement, ERC said on Tuesday, June 10, that DUs should wait until the release of the final statement (FS) by the...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
CREC eyes Green Bond offering in 2025 By James A. Loyola After raising P5.3 billion from its initial public offering (IPO), Citicore Renewable Energy Corporation (CREC) is considering the issuance of Green Bonds to help fund its aggressive $3-billion five-year expansion program. During the press...
The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
The Securities and Exchange Commission (SEC) has approved the planned P580 million initial public offering (IPO) of NexGen Energy Corporation. In its meeting on June 4, the Commission En Banc resolved to render effective the registration statement of NexGen Energy covering 1.49 billion shares,...
From left: PLDT Vice President and Sector Head for Property and Facilities, Leo Gonzales; PLDT First Vice President, Chief Sustainability Officer, and Head of Investor Relations, Melissa Vergel de Dios; ACEN SVP for Market Transformation, Tony Valdez; and ACEN VP for Commercial Operations and Head...
Motorists using gasoline products will be greeted with more favorable news at the pumps this week as the price of this commodity will be reduced by P0.90 per liter, according to the pricing advisories of the oil companies. Conversely, however, those filling up their vehicles with diesel will...
First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
