Business NEWS

To pare the country’s carbon emissions without compromising energy security, the Department of Energy (DOE) is examining the feasibility of “mangrove sequestration” so carbon emissions of coal plants can be offset or managed.

The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures.

The Department of Energy (DOE) said the 20-day Malampaya preventive maintenance shutdown scheduled in October this year will spark higher rate hikes toward the close of the year.

The Department of Energy (DOE) is reviewing its planning for the country’s energy needs — with the recalibration touching mainly on the challenges posed by the COVID-19 pandemic as well as the flourishing trends and innovations in the sector.

The Department of Energy (DOE) is tightening its grip on the power generation companies (GenCos), so they can guarantee sufficient power supply as the Covid-19 vaccination program in the country gains traction.

As typhoon season has kicked off again this year, the Department of Energy (DOE) is seeking stronger ‘emergency protocols’ that shall be instituted by the power industry, as response to the strike of natural calamities.

The Department of Energy (DOE) has green-lighted ‘indefinite extension’ on the award of feed-in-tariff (FIT) incentives for run-of-river (ROR) hydropower projects that will be pursued by renewable energy (RE) developers.

Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer.              

Two liquefied natural gas (LNG) projects, with combined investments of P44 billion, had been issued certifications by the Department of Energy (DOE) as “energy project of national significance” or EPNS that will entitle them to streamlined process of permitting.

Santa Claus will soon be knocking on Filipino homes, but for the Bicol region, the Department of Energy (DOE) cannot give an assurance yet if they can have “literally bright Christmas” because the restoration of power supply in the typhoon-devastated areas is still uncertain.

As a follow-through to Malacanang’s issuance of Executive Order (EO) 116, the Department of Energy (DOE) indicated that it will submit its crafted “nuclear power development plan” to President Rodrigo Duterte next month.