A waste-to-energy consortium is investing $200 million for its state of the art waste-to-energy (WTE) project in Clark. In a statement, of Metro Clark Waste Management Corp (MCWM) and Plambeck-Emirates Global Renewable Energy LLC said the project will pave the way for waste-to-energy...
Ayala-led AC Energy Corporation is making headway on its goal to become a leading player in the renewable energy (RE) space, as it advanced into construction phase its 160-megawatt Balaoi & Caunayan wind farm project in Pagudpud, Ilocos Norte; flourishing as the biggest installation on that...
Finance Secretary Carlos Dominguez was the highest paid member of the Duterte Cabinet last year, earning a total P4,943,153,.68 in 2020 or P301,389.76 more than what he took home a year before. Despite topping the Cabinet list, Dominguez still ranked 146th among the top earners in government led by...
The House Committee on Energy on Wednesday, May 12 approved the draft substitute bill on the proposed “Electric Vehicles Act” that seeks to promote the use of e-vehicles in the Philippines. The House energy panel, together with the House Committees on Ecology and Transportation, approved the...
Fort Pilar Energy Inc., which is the winning buyer of the 650-megawatt Malaya thermal power facility, is a new company that currently has investment of P5.0 billion for 100-megawatt hour (MWh) battery energy storage system (BESS) facility in Zamboanga Peninsula, according to asset-seller Power...
Clean energy group Center for Energy, Ecology, and Development (CEED) hailed on Friday, May 7 the apparent decision of the Asian Development Bank (ADB) to move away from coal, which has long been regarded as a dirty energy source. (Photo by Wander Fleur / Unsplash) "Today, the Asian Development...
Filipino firm Fort Pilar Energy Inc. emerged as the winning buyer of the 650-megawatt Malaya thermal power facility with P3.123 billion price offer – the divestment process of which was through a negotiated deal consummated on Friday (May 7). State run Power Sector Assets and Liabilities...
Ayala-led firm AC Energy Corporation has lowered the scale of proceeds it can fetch from its follow-on offering (FOO) to P13.07 billion from a higher end target of P16.4 billion that it first penciled in early this year. The targeted stream of revenues from the FOO though is still very much within...
Pangilinan-led PXP Energy Corporation has significantly slashed its losses in the first quarter to P5.6 million from a relatively heftier P16.9 million within the same three-month stretch last year. The company’s net loss attributable to equity holders of its parent firm had been at P4.3 million,...
The Manila Electric Company (Meralco)--the local power distribution giant that has been linked by environmentalists to coal--is apparently pivoting toward a "greener" future. (Photo by Karsten Wurth/ Unsplash) This was learned during a recent virtual forum on multi-sector integration of so-called...
The prospective bidders in the 650-megawatt Malaya thermal power plant had been trimmed to two companies, from originally 4 to 5 companies, but state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it is still keen on divesting the facility via a negotiated deal by May 7...
Project sponsor-firm Vires Energy Corporation (VEC), a subsidiary of listed firm A. Brown Company Inc., has formally admitted to the Department of Energy (DOE) the information lapse on its targeted deployment of floating storage and regasification unit (FSRU) that is tied to its planned liquefied...
