While renewable energy (RE) developers are brandishing that their technologies are already the cheapest in the market, the National Renewable Energy Board (NREB) ironically dropped the bomb that the programmed RE projects in the country will increase the power bills of Filipino consumers by P0.23...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is gaining traction on its divestment of real estate assets, with it successfully clinching buyers for the Loboc property in Bohol province; and another one in Camalaniugan, Cagayan province through a negotiated deal. The...
Consumers will still need to allot more for their fuel budgets next week as pump prices will rise again, although at a leaner magnitude, based on the calculation of the oil companies. As estimated, the price of gasoline will go up by P0.20 to P0.25 per liter while diesel will have an increase of...
To ensure that even people who are slow to understand and unwilling to listen will clearly hear it, Energy Secretary Alfonso G. Cusi twice stipulated that the Philippines “cannot really get rid of coal” even on its future energy mix onward to 2040. In an updated Philippine Energy Plan (PEP)...
Customers of Manila Electric Company (Meralco) will not need to be anxious on their December electricity bills, as initial forecast point to “flattish rate” or there could be very slight cost movement in the overall tariff. “Initial data suggests that generation costs for December will be...
As the Duterte administration inches closer to its tail end stretch, the Department of Energy (DOE) will knock anew on investors’ doors for prospective fresh capital flow to various projects being offered across segments in the energy sector. Coinciding with the celebration of the National Energy...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
Uy-led Phoenix Petroleum Philippines Inc. has approved and crossed at the Philippine Stock Exchange (PSE) on Tuesday (December 1) the sale of 31 million of its treasury common shares. The oil firm said the treasury shares had been traded at the local bourse at the market price of P12.50 per share....
Garcia-led Vivant Energy Corporation has cornered as 15-year power supply agreement that had been awarded to it by Pampanga II Electric Cooperative (PELCO II) as underpinned by a recently concluded tendering process. The Pampanga utility firm’s power supply requirement within the contract...
The subsidiary of Japanese firm Marubeni Corporation has inked a shareholders’ agreement with the energy investment arm of the Ayala group to firm up its acquisition of 50-percent stake in the corporate vehicle for the latter’s 150-megawatt Pililla diesel power project. The deal was cemented...
With the Department of Energy’s (DOE) moratorium on coal-fired power projects, there’s no doubt that the Philippine energy sector will be in for dramatic shifts and existential twists – not just in technology deployments but in the overall goal of greening the power mix. The emerging story of...
The 2021 budget of the Department of Energy (DOE) has been shored up so it will have leverage to fund studies on technologies that will rev up the country’s ‘energy transition’ paradigm. The extra allocation stood at P46 million – and these will be channeled to studies relating to...
