Renewable energy (RE) developer SN Aboitiz Power Group (SNAP) has acquired funding from local banks to expand its battery energy storage systems (BESS) in Isabela and Benguet. In a disclosure to the Philippine Stock Exchange on Tuesday, Feb. 18, SNAP reported that it has secured financing from...
The Energy Regulatory Commission (ERC) has firmed up the intricate ‘tariff-setting parameters’ or price determination methodology that will anchor the 20-year power supply agreements (PSAs) in the third Green Energy Auction (GEA-3) to be administered by the Department of Energy (DOE) -...
The P4.8 billion Pampang hydroelectric power project of FDC Renewables Corporation of the Filinvest group, which has an installed capacity of 33.4 megawatts, had been granted with ‘green lane certificate of endorsement’, based on the approval accorded by the Board of Investments. With the...
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.,...
Repower Energy Development Corp. (REDC) and the National Irrigation Administration (NIA) signed a memorandum of understanding (MOU) for possible hydropower facilities in Quezon, Camarines Sur, and Bohol. In a statement, REDC said that the hydropower unit of Pure Energy Holdings Corp. has received...
(Third from left) 4Ps Party-list Rep. Marcelino Libanan (Libanan's office) House Minority Leader 4Ps Party-list Rep. Marcelino “Nonoy” Libanan is hopeful that the revival of the 1MW Amanjuray Hydropower Plant in Eastern Samar will help ease the...
State-run National Power Corporation (NPC) is eyeing to expand its cooperation with Korea Water Resources Corporation or K-Water, primarily on the sphere of dam safety – given that sizeable pie of the country’s power supply is still drawn from hydropower facilities. The planned expanded...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
The Energy Regulatory Commission (ERC) has issued higher feed-in-tariff (FIT) of P6.1110 per kilowatt hour (kWh) for run-of-river (ROR) hydropower facilities that will fill up the balance of the prescribed 250 megawatts cap for this renewable energy (RE) technology. The newly enforced FIT for ROR...
JABONGA, Agusan del Norte – President Ferdinand R. Marcos Jr. inaugurated the 24.9-megawatt hydropower plant in Lake Mainit, Jabonga town, Agusan del Norte province, on Wednesday, July 12. PRESIDENT Marcos (center) leads the inauguration of the the 24.9-megawatt hydropower plant in Lake Mainit,...
