A total of 149 power generation and transmission projects have received the Certificate of Energy Projects of National Significance (CEPNS) from the Department of Energy (DOE), assuring them of priority processing and faster permit approvals. In a statement on Monday, Feb. 10, the DOE said these...
State-run Philippine National Oil Company (PNOC) will be powering the industrialization goal cast by the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) for the Polloc freeport zone in Parang, Maguindanao. The two government agencies have sealed a memorandum of understanding (MOU) on the...
While warning that the country braces for energy transition that will be expensive, Energy Secretary Raphael P.M. Lotilla has appealed to banks and other financial institutions for longer tenor on loans that will be funneled to power projects across technologies as a way to soften cost impact on...
President Marcos has called on Congress to work with the Executive branch in reviewing the Electric Power Industry Reform Act (EPIRA). President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) In his third State of the Nation Address (SONA) on Monday, July 22, Marcos made the call to determine if...
The Maharlika Investment Corp. (MIC), the agency that manages the sovereignty wealth fund, said it will focus its investments on energy transmission lines across regions. MIC President and Chief Executive Officer Rafael D. Consing Jr., said that there are already many investments in generation and...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
The Department of Energy (DOE) has acknowledged that there would be ‘major environmental concerns’ that have to be seriously scrutinized and weighed on proposed energy projects that will traverse some stretch of the Verde Island Passage – not just with offshore wind farm developments, but...
The Department of Energy (DOE) will be undertaking this year the first bid round to woo prospective investors for energy infrastructure developments in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The department announced that the launch of the planned auction for conventional...
President Ferdinand "Bongbong" Marcos believes that the Philippines no longer needs large-scale energy projects such as the Bataan Nuclear Power Plant with the birth of battery farms. Marcos made the statement as he graced the inauguration of Global Power’s Battery Energy Storage System (BESS)...
The Cavite-Laguna Expressway (CALAX) will open its Silang (Aguinaldo) Interchange in the second half of this year, extending the tollway's operational sections from Mamplasan, Laguna, to Aguinaldo Highway in Silang, Cavite. Todate, the 3.9-kilometer 2x2 lane CALAX subsection is 56 percent...
contact-us-1 The Development Bank of the Philippines (DBP) has extended P2.1-billion loans to two hydro-energy projects that will augment power supply for the Luzon and Visayas Grids. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan under the Financing Utilities for...
Power and energy projects registered with the Board of Investments (BOI) jumped by 2,800 percent to P122 billion in the first quarter this year as against P4.2 billion only in the same period in 2020. According to BOI Managing Head Ceferino S. Rodolfo, the latest committed investment is the P1.22...
