ThermaPrime Drilling Corporation (ThermaPrime), a subsidiary of Lopez-led First Philippine Holdings Corp (FPH), said it has completed drilling of its 15 wells for Philippine Geothermal Production Company Inc. (PGPC), the pioneer geothermal resource exploration and development company of the Sy...
The National Electrification Administration (NEA) has formally laid down to Congress a whopping P70 billion budget to achieve the goal of President Ferdinand Marcos Jr. for nationwide electrification of all Filipino households within his term. NEA Administrator Antonio Mariano C. Almeda...
For the third time, the Energy Regulatory Commission (ERC) suspended the feed-in-tariff allowance (FIT-ALL) charge in the electric bills of consumers to help ease the financial burden of ordinary Filipinos. The regulatory body ordered the suspension Tuesday, Aug. 22, the third time the...
President Ferdinand "Bongbong" Marcos Jr. has ordered the exploration of other renewable energy sources in the country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/KJ Rosales) Marcos made the order in a sectoral meeting in Malacañang on Tuesday, Aug. 22. Noting that there...
Energy companies are calling on relevant government agencies to prevent "double counting" once carbon trading for renewable energy (RE) and other clean energy technologies are implemented in the country. “We just need to be careful about double counting because we shouldn’t double count,”...
As the Philippines accelerates its renewable energy installations and re-embraces nuclear in its future energy mix, the US government has declared prospects of wider technical assistance and support for the country’s energy sector. Through the recently launched US-Philippine Energy Policy...
The power generation subsidiary of Manila Electric Company (Meralco) will ramp up its renewable energy (RE) capacity installations to 2,000 megawatts (2.0 gigawatts) backed by P18 billion in committed investments. “The investment will cover over 2GW of gross RE capacity from solar and wind that...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
Developing more renewable energy (RE) projects in the country is key to bringing down the cost of electricity and ensuring power supply sufficiency for the Philippines. Sen. Sherwin Gatchalian pointed this out as he urged the government to take advantage of RE to address the...
The Department of Energy (DOE) is eyeing grid integration of up to 94 gigawatts of additional power capacities of projects that are undergoing pre-development phases. Energy Undersecretary Sharon Garin told a Congressional budget briefing that these planned power facilities comprise of 176 targeted...
Due to higher revenues it fetched from lease contracts, Citicore Energy REIT Corp. (CREIT) has increased its declared dividends to P0.049 per share for the second quarter this year, up 11.4-percent from P0.044 in the same period last year. The company reported that its revenues climbed 21-percent...
Aboitiz Power Corporation, via its subsidiary Aboitiz Renewables Inc. (ARI), is lining up the construction of two solar power projects that will add up 383.7-megawatt aggregate capacity to its renewable energy (RE) portfolio. The projects taking off from the company’s drawing board will be the...
