The Board of Investments (BOI) has approved the registration of Chinese-owned Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. as a new operator of a 4.5 megawatt (MW) power generating plant that will supply energy to a cement manufacturing plant in Cebu and consumers in the province....
The country’s economic recovery hinges on the stability and reliability of power supply, and stakeholders must act in unison to ensure fuel and electricity rates do not hamper industries’ ability to rebound from the economic crisis brought by the COVID-19 pandemic. This was the main message of...
As part of efforts to make its operations sustainable, leading building solutions provider Holcim Philippines, Inc. has signed a 20-year power purchase agreement with Blueleaf Energy to deliver solar power to its cement plants in Bulacan and La Union. In a disclosure, Holcim Philippines said...
The Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEERD) of the Department of Science and Technology has unveiled 348 science and technology (S&T)-related initiatives that will help the country recover from the impacts of coronavirus disease...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
The Energy Regulatory Commission (ERC) has extended for another six months its mandate on the suspension of "interest payments" for feed-in-tariff allowance (FIT-All), a rate component in the electric bills being dispatched to consumers. The regulatory body said the non-payment of interest or...
Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From that scale of profitability, the energy firm’s net income went up by a significant 60 percent to P323 million from the...
A new private sector-led global organization is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy (RE) sources, the Department of Finance (DOF) said. In a statement, the DOF said on Friday, Nov. 12, that Finance...
Manila has outlined its envisioned path towards a sustainable energy future during the Energy Transition Partnership event at the ongoing 26th United Nations (UN) Climate Change Conference of the Parties (COP26) in Glasgow, Scotland. In his presentation, Energy Undersecretary and Spokesperson Felix...
Air pollution in the Philippines is responsible for the premature deaths of at least 66,000 people every year and the loss in the country's economic growth, a joint report released by a climate think tank and a climate research organization showed. According to the report published by Institute for...
The Philippines' negligence of air quality is causing more deaths and losses of about $87.6 billion annually, according to the Centre for Research on Energy and Clean Air (CREA) and the Institute for Climate and Sustainable Cities (ICSC). 45000 “Air quality is not an abstract issue. Air pollution...
Pilipinas Shell Petroleum Corporation announced that its current President and Chief Executive Officer (CEO) Cesar G. Romero will step down by November 30 this year. In a disclosure to the Philippine Stock Exchange (PSE), Pilipinas Shell said Romero will be replaced by Lorelie Q. Osial, who is...
