MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
President Marcos has ordered all government agencies to accelerate the implementation of the Government Energy Management Program (GEMP) to conserve energy amid the high demand due to the El Niño. Malacañang issued Administrative Order (AO) No. 15 on Monday, Jan. 22, ordering national...
Following the shutdown of a power station last Jan. 17, the Department of Energy (DOE) said that Panay Island's electricity supply remained stable, and normal operations were resumed within a few hours. In a statement, Energy Assistant Secretary Mario Marasigan said that there are no rotational...
Motorists will have to brace for fresh round of financial pain next week as pump prices are anticipated to rise by a relatively significant level that will inch close to P1.00 per liter for gasoline and diesel products, based on the calculation of the oil companies. According to the industry...
The Department of Energy (DOE) has been in talks with the consortium-members of the Malampaya gas field project on prospects of retaining the oil-linked gas pricing formula in the targeted new gas sale and purchase agreements (GSPAs) that shall be cemented for the 15-year service contract extension...
The feed-in-tariff allowance (FIT-All) fund is seen teetering on deficit by February billing, hence, that prompted the Energy Regulatory Commission (ERC) to re-impose next month the collection of the P0.0364 per kilowatt hour (kWh) subsidy for the qualified renewable energy (RE) projects. “As the...
Filipino-led Citicore Renewable Energy Corporation (CREC) will fork out P35 billion worth of capital expenditures (capex) for this year, primarily to advance the completion and commercial operations of the first batch of its gigawatt-scale solar installations. In an interview with the media, CREC...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives is eyeing an inquiry on the "dire" power situation in Palawan even as local residents continue to grapple with the high cost of electricity. ...
The government of Norway, in collaboration with sustainable crop nutrition solutions specialist, Yara Fertilizers Philippines, Inc. (Yara), has been aiding Filipino farmers jack up productivity at their farm lands while shifting on their technology use to solar-powered water pumps. Via the “Agos...
Gokongwei-led JG Summit, through its renewable energy (RE) subsidiary Merbau Corporation, will be expanding solar investments outside of the conglomerate’s span, so they can similarly help other businesses achieve their decarbonization strategies. The forward business plan is being firmed up...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
Sen. Raffy Tulfo met with Singaporean Minister for Sustainability and the Environment Grace Fu and discussed the regulation of Waste-to-Energy (WTE) facilities in Singapore as part of the senator's official visit to Singapore. (Photo from the Office of Senator Raffy Tulfo) Tuflo, who chairs the...
