Another transmission project of the National Grid Corporation of the Philippines (NGCP) in the Visayas grid - the 138-kilovolt Panay-Guimaras interconnection project - will be facing delays due to a temporary restraining order (TRO) issued by the Supreme Court. According to the company, the TRO...
The local government of Bugallon in Pangasinan, through Mayor Priscilla Espino, greenlighted PetroGreen Energy Corp.’s 25 megawatts (MW) solar power project. The Yuchengo-led firm said that the project, which will be located in a 25-hectare site in barangay Salomague Sur, is set to start...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
Power utility giant Manila Electric Company (Meralco) will be seeking offers from power generation companies (GenCos) on its scheduled auction of 1,200-megawatt baseload power supply that will replace brownfield capacities currently drawn mainly from emergency power supply procurements. In a tender...
(Unsplash) Senator Sherwin Gatchalian is prodding the Energy Regulatory Commission (ERC) to expedite the reset of the power distribution rate for Manila Electric Co. (Meralco). Gatchalian's call followed remarks by former ERC Chairperson Agnes Devanadera at a...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
The Basic Energy Corp. (BSC) is seeking government backing to roll out electric buses in every province across the country within the next five years. In a disclosure to the Philippine Stock Exchange, the BSC announced plans to get e-transport franchises for all 82 provinces with support from the...
ATHENS, Greece – Players in the global liquefied natural gas (LNG) sector are re-assessing the impact of high gas prices as well as targets of infrastructure development expansion amid the transitioning of many energy markets into cleaner energy solutions. At the World LNG Summit that will kick...
Terry Ridon (Facebook) A former congressman has raised concern over the possible negative message that the proposed splitting of the Manila Electric Company (Meralco) franchise could impart to foreign investors. Terry Ridon, Infrawatch PH convenor and former...
The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Manila Water Co. Inc. has partnered with Malaysia-based renewable energy firm Ditrolic Energy Philippines to help reduce the operational greenhouse gas emissions (GHGs) of the Razon-led east zone concessionaire. In a statement, Manila Water announced that the company has entered into a power...
