The forthcoming maintenance schedule of the Malampaya gas production facility next month is expected to trigger hikes in the electricity bills that will be dispatched to Filipino consumers around Christmas time. The Malampaya gas field uses an innovative and sustainable deepwater technology for...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
Consumers will have to brace for mixed adjustments on pump prices next week, with diesel prices seen rising by P0.35 to P0.45 per liter; while gasoline will be on rollback of P0.10 to P0.20 per liter. Kerosene, which is another commodity utilized in some Filipino households and also for key...
The loans extended by the National Electrification Administration (NEA) to the country’s electric cooperatives (ECs) reached P364.5 million as of end-September, and that already topped the scale of credit window allotted for them this year. The government-run agency said the credit facilities...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is dangling P2.007 billion as its negotiating price in the targeted divestment of the 650-megawatt Malaya thermal power facility and its underlying site. The sale price was slashed marginally -- from the P2.188 billion...
Lopez firm subsidiary FGEN LNG Corporation has tapped Australia-based McConnell Dowell as its engineering, procurement and construction (EPC) contractor for its US$300 million interim liquefied natural gas (LNG) import terminal project. The phase of its interim LNG terminal (IOT) to be covered by...
The Department of Energy (DOE) will be endorsing energy efficiency projects being undertaken by energy service companies (ESCOs) for their availment of incentives with the Board of Investments. In a draft Circular issued for public consultation by the department, it stated that it shall be...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
In a series of real estate divestments, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduling sometime this month on the auction block a prime property in Mexico, Pampanga. The company said it is eyeing to fetch P803.151 million from that asset sale, which spans...
The Department of Energy (DOE) is currently reviewing and processing at least 39 new projects that have applied for certificates of energy projects of national significance (CEPNS) so they can be extended streamlined processes in their permitting and licensing requirements....
For rural electrification Government-run National Electrification Administration (NEA) is supporting the move of some legislators who are seeking the reinstatement of P9.0 billion allocation for the country’s electrification program. It was the ‘power bloc’ in the House of Representatives...
The country’s Malampaya field logged its all-time high gas production at 155.495 billion standard cubic feet (scf) last year, according to data from the Department of Energy. The Malampaya gas field uses an innovative and sustainable deepwater technology for recovering natural gas from the...
