Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
The Joint Congressional Energy Commission (JCEC) is set to tackle the current energy crisis plaguing the country and the various proposals seeking to revoke the franchise of the National Grid Corporation of the Philippines (NGCP), Sen. Rafael "Raffy" Tulfo said on Wednesday, May 17. Tulfo made the...
The Senate energy committee on Wednesday, May 17, scrutinized the plans of the Department of Energy (DOE) and other power stakeholders to provide long-term solutions to power supply shortages Presiding as chairman of the Senate Committee on Energy hearing on the recent power outages in the country,...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
Yuchengco-led PetroGreen Energy Corporation (PGEC) will be acquiring existing two solar farm projects in Luzon, to boost its renewable energy (RE) generation portfolio. The subsidiary of publicly-listed PetroEnergy Resources Corporation (PERC) announced that the asset acquisitions will cover the San...
Marinduque lone district Rep. Lord Allan Velasco While the House Committee on Energy is "very committed" to the efforts to amend the 22-year-old Electric Power Industry Reform Act (EPIRA), it says the Senate should also get a move on things. During a briefing held by the committee with energy...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
President Ferdinand "Bongbong" Marcos Jr. has renewed his administration's commitment to ensuring energy security in the country [as he signed the renewal agreement for the Malampaya Deep Water Gas-to-Power Project](https://mb.com.ph/2023/5/15/marcos-signs-malampaya-sc-renewal-agreement). *President...
Following the 15-year renewal of the Service Contract 38 for the Malampaya project, Razon-led operator firm Prime Energy can already carry out exploration drilling activities beyond the existing production area of the depleting gas field. This developed after President Ferdinand R. Marcos Jr....
Senator Sherwin Gatchalian said the Senate should conduct an inquiry into the series of disturbances in the country’s power transmission system saying it is imperative to ensure the Philippines has a reliable and continuous supply of electricity. Gatchalian, vice chairman of the Senate Committee...
President Ferdinand "Bongbong" Marcos Jr. has signed the Renewal Agreement for the Malampaya Service Contract No. 38 (SC 38), allowing the continued production of the Malampaya gas field until Feb. 22, 2039. *President Marcos signs Renewal Agreement for the Malampaya Service Contract No. 38 (SC...
System operator National Grid Corporation of the Philippines (NGCP) is proposing amendments to the Grid Code to ensure the country’s power system can efficiently absorb gigawatt-scale but variable renewable energy (RE) capacities. In a presentation to the media, NGCP Vice President and Head of...
