Pangasinan 2nd district Rep. Mark Cojuangco, in a privilege speech before the House plenary on Monday, Aug. 1, underscored the need to adopt nuclear power in the Philippines. Rep. Mark Cojuangco (Screengrab from House of Representatives livestream) Cojuango, in a speech explaining the urgency and...
Senator Robinhood "Robin" Padilla said Thursday, July 28 that now is the time to start efforts to harness nuclear and renewable energy to address the perennial problem of power shortages. Padilla said it would take a lot of time and finances to plan the location and operation of power plants,...
Citicore Energy REIT Corporation (CREIT) reported a net income of P601 million for the first six months of 2022, more than five times the P89 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues for the first half of the year...
Senate President Juan Miguel "Migz" Zubiri said on Tuesday, July 26 that his mind has opened up to the possibility of agreeing to a nuclear energy program for the Philippines. Zubiri issued the statement during an interpellation at the Senate session hall by Senator Francis Tolentino of Senator...
Camarines Sur 2nd district Rep. Luis “LRay” Villafuerte has urged Department of Energy (DOE) Secretary Raphael Lotilla to establish the strategic petroleum reserve (SPR) plan amid the runaway prices of fuel, food, and electricity. Camarines Sur 2nd district Rep. LRay Villafuerte (MB FILE PHOTO)...
As he recognized that the country's demand for energy far exceeds its reliable supply, President Ferdinand "Bongbong" Marcos Jr. presented measures to increase the Philippines' energy production, and this includes revisiting the construction of nuclear power plants. President Ferdinand...
Senator Sherwin Gatchalian says consumer protection is his top consideration in filing his priority bills regarding the energy sector for the upcoming 19th Congress. To cushion the adverse effects of sudden and drastic increases in the prices of petroleum products, Gatchalian’s Senate Bill (SB)...
The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)'s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao. “DBP’s credit support to the Asin-Hungduan and Ibulao1 Mini Hydropower Projects demonstrates our...
The Board of Investments (BOI) has approved the application for registration of PAVI Green Renewable Energy, Inc. for its P2-billion new solar power project in Naga that will augment the energy supply of the Luzon grid, which is experiencing tight supply amid increasing demand. The project was...
BALI, Indonesia - Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic. IndonesiaÂ’s Finance Minister...
Senator Sherwin Gatchalian on Thursday, July 14 filed a cyberlibel complaint against former Department of Energy (DOE) secretary Alfonso Cusi at the Valenzuela City Prosecutor’s Office. Sen. Sherwin Gatchalian files cyberlibel charges against former Energy Secretary Alfonso Cusi at the Valenzuela...
The planned P10-billion maiden Peso Green Bond offering of AC Energy Corporation (ACEN) has been given the highest PRS Aaa issue credit rating with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The issue is intended to comply with the ASEAN Green Bonds Standards with...
