The full energization of at least eight unserved off-grid domains in the provinces of Quezon, Palawan and Cebu will finally take off as the Department of Energy (DOE) has already awarded the contract that shall underpin the project’s implementation and eventual commercial operations. The...
As an integral part of the inaugural dialogue on the Asia Zero Emission Community (AZEC) underpinned by the Japanese and Philippine governments, the Japan Bank for International Cooperation (JBIC) has signed a preliminary deal with three Philippine conglomerates for the development of projects...
ILOILO CITY – The impending expansion of MORE Electric and Power Corp. (MORE Power) of businessman Enrique Razon will bring more investments to towns in Iloilo. LAWYER Allana Mae Babayen-on, MORE Power assistant vice president and legal officer, speaks during a recent business and investment...
HOUSTON – American firm Ultra Safe Nuclear Corporation (USNC) is confident of having its pioneering rollout of micro modular reactors (MMRs) for nuclear power installations in the Philippines through a partnership with Manila Electric Company (Meralco) by the turn of the decade. In an interview,...
The Energy Regulatory Commission (ERC) is not inclined on removing the caps for the number of days allowed for maintenance shutdowns and even for the ‘forced outages’ of power plants across technologies. As sounded off by ERC Chairperson Monalisa C. Dimalanta, “it’s impossible to remove the...
Yuchengco-led PetroGreen Energy Corp. (PGEC) secured a P834 million loan from Rizal Commercial Banking Corp. (RCBC) for its solar power project in Dagohoy, Bohol. The amount will be used for the construction of the 27-megawatt renewable energy project, which is expected to be complete by fourth...
As the country’s power supply is still at its wobbly state, the Department of Energy (DOE) guaranteed that it will conscientiously monitor the overall operations of the power grid so consumers can be alerted on any service interruptions and for relevant industry players to correspondingly sort...
Power rates have recently gone up this month due to the ancillary services (AS) charged by the National Grid Corporation of the Philippines (NGCP). MORE Power reported on Saturday, March 23, that consumers will experience a P0.06 per kilowatt hour (kWh) increment owing to AS, which secure the power...
A new face of leadership will soon unfold at Aboitiz Power Corporation, as fifth generation scion Danel C. Aboitiz will be ascending to the top post immediately after the retirement of Emmanuel ”Manny” V. Rubio as President and CEO by June 30 this year. An announcement of the company via...
SANTA CRUZ, Laguna -- Aboitiz Power Corp. subsidiary AP Renewables Inc. was named by the province of Laguna as one of its top taxpayers. APRI bagged the award after it was nominated by its host municipalities. APRI was feted by the province of Laguna for being one of its top taxpayers...
Following major acquisitions and expansion in 2023, the Aboitiz Group is more than doubling its capital expenditures (capex) to P153 billion this year from the P65 billion spent in 2022 with a majority allotted for its renewable energy projects in the pipeline. In a statement, Aboitiz Equity...
HOUSTON – Japanese firm JERA Co. Inc. has flexed to global energy players and policymakers the ‘portfolio balancing strategy’ of its Philippine partner Aboitiz Power Corporation as the ‘sweet spot’ to their successful business marriage. At the ongoing CERAWeek conference, Aboitiz Power...
