The Department of Energy (DOE) has launched a five-year implementation plan for its geothermal de-risking facility, a new initiative aimed at advancing geothermal development in the country. During the 6th Philippine International Geothermal Conference (PIGC6) on Wednesday, Sept. 10, Energy...
The Department of Energy (DOE) is poised to bolster the country 's electric vehicle (EV) fleet through updated guidelines on EV adoption. In a statement on Tuesday, Sept. 9, the DOE announced that the amended EV Recognition Guidelines will provide a comprehensive framework for classifying...
The Department of Energy (DOE) is considering exceptions to its ban on new coal-fired power plants, aiming to allow limited “own-use” facilities to help regional power shortages and support renewable energy with additional baseload power. The coal moratorium, introduced in 2020, was designed to...
Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
While the Philippines is exploring the re-entry of nuclear power, securing financing may prove challenging as some local banks remain cautious about backing such projects. In an exclusive interview, Michael Ricafort, Chief Economist at Rizal Commercial Banking Corp. (RCBC), explained that the high...
Motorists should brace for a potential fuel price increase next week, with per-liter costs for gasoline and diesel expected to rise by more than a peso due to global geopolitical tensions and sanctions. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the price of...
The Department of Energy (DOE) is confident it will meet its renewable energy (RE) generation targets of 35 percent by 2030 and 50 percent by 2040, as outlined in the Power Development Plan (PDP). On the sidelines of the Philippine Energy Transition Dialogue 2025, Energy Secretary Sharon Garin...
The Department of Energy (DOE) has proposed a 24.4 percent increase to its budget next year, seeking ₱3.839 billion from Congress. During the House of Representatives’ Committee on Appropriations meeting on Tuesday, Sept. 2, the DOE stated that the proposed budget, increased from this year’s...
LONDON, England – Building a nuclear plant isn’t just about typical infrastructure development; it requires a multi-generational commitment. It can take 10-15 years, or even longer, before a project can advance to commercial operations. Beyond the grueling work of securing public acceptance and...
Senator Sherwin Gatchalian welcomed on Saturday, Aug. 30, the indictment of former Department of Energy (DOE) secretary Alfonso Cusi by the Ombudsman over the controversial 2019 Malampaya deal. "I welcome the decision of the Ombudsman to indict former DOE secretary Alfonso Cusi and other officials...
The Department of Energy (DOE) and the National Electrification Administration (NEA) have announced that Siquijor Island Power Corp. (SIPCOR) will cease operations. In a briefing, Energy Secretary Sharon Garin said the Villar-owned power supplier will be replaced by TOTALPower, Inc., which will...
Motorists will have to dig deeper into their pockets for gas and diesel starting next week, as local pump prices are poised for another round of increases. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could rise ₱0.40 to ₱0.60 a liter, while diesel may increase by ₱0.80 to...
