President Marcos has highlighted the country's measures to address the high cost of green technology as the world transitions from fossil fuel use to renewables to avert climate crisis. Photos: Malacañang, Pexels Marcos said in his intervention during the Asia Pacific Economic Cooperation (APEC)...
President Marcos has called on the members of the Asia-Pacific Economic Cooperation (APEC) to forge stronger economic and technical cooperation to ensure that green energy solutions are accessible and affordable to all. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos...
Ayala-led energy platform ACEN Corp. has reallocated funds generated from its preferred share offering to its eco-friendly power projects. In a disclosure to the Philippine Stock Exchange, ACEN listed the changes including its transaction expenses related to the offering of Series A and Series B...
Major hurdles on technology access as well as prospective investment partnerships between Filipino and American nuclear firms will now be eased following the signing of the historic 123 Agreement on nuclear power cooperation between the Philippines and United States governments. The nuclear deal...
The Philippines and United States signed a civil nuclear cooperation deal dubbed as the "123 Agreement." (RTVM Screenshot) President Marcos witnessed the signing of the agreement on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California on Friday, Nov. 17...
The much-awaited and historic ‘123 Agreement’ on nuclear power cooperation was finally signed between Philippine Energy Secretary Raphael P. M. Lotilla and United States Secretary of State Anthony Blinken, the Department of Energy (DOE) has announced. The Governments of the Philippines and the...
Senator Sherwin Gatchalian on Thursday, November 16 said he expects power consumers to greatly benefit from the Energy Regulatory Commission’s (ERC) decision to reduce the National Grid Corporation of the Philippines’ (NGCP) annual revenue to P36.7-billion. The amount is...
A Filipino company and an American corporation have agreed to undertake a pre-feasibility study to explore clean and sustainable energy options in the country. (RTVM Screenshot) The Manila Electric Co. (Meralco) and the Ultra Safe Nuclear Cooperation (USNC) signed the agreement to conduct a...
Famed for gaining his expertise and solid experience as a power industry veteran and former executive of the country’s biggest power distribution utility Manila Electric Company, Engineer Fortunato “Atoy” C. Leynes has been designated under the Marcos administration as the new President and...
Power utility giant Manila Electric Company (Meralco) has initially cornered prospective offers of 3,310 megawatts from six (6) interested bidders on its scheduled competitive selection process (CSP) for capacity procurement of 1,800MW that will satiate its additional supply portfolio for 2024 and...
Reduction in transmission charge line item in the electric bills is the end-goal eyed from the completion of the rate reset review for system operator National Grid Corporation of the Philippines (NGCP), according to Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian. The lawmaker is...
The consolidated net income of Yuchengco-led PetroEnergy Resources Corporation’s (PERC) had climbed 29% to P874 million as of end-September this year as against a leaner P677 million within a comparative period in 2022. For the third quarter alone, the company posted a profit of P282.696 million,...
