The Philippines government has resurrected a project launched in 2018 to provide refrigerated container vans or reefer vans to fishermen and farmers in order to reduce their post-harvest losses. On March 12, Agriculture Secretary William Dar, Transportation Secretary Arthur Tugade, and Energy...
A Chinese firm has already dropped out of the Malaya thermal power facility negotiated sale, but four others are still in the running, giving hopes to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) that its long-wished for privatization of the 650-megawatt facility...
Despite the dominance of coal plants in the country’s energy mix, Energy Secretary Alfonso G. Cusi forthrightly stated that the Philippines is not ready for ‘carbon tax enforcement’ because such policy could worsen the travails of consumers on high cost of power that they are already...
Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion. The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million;...
The Department of Energy (DOE) is tightening its grip on the power generation companies (GenCos), so they can guarantee sufficient power supply as the Covid-19 vaccination program in the country gains traction. This is a follow-through order from Energy Secretary Alfonso G. Cusi, after his initial...
The Department of Energy (DOE) has laid down a policy allowing “one-year banking” of credits that an end-user may claim under the net metering program in the renewable energy (RE) sector. Under the proposed ‘banking of net metering credits’ as institutionalized under DOE Circular No....
German firm Siemens Energy is projecting that economies in the Asia Pacific region will immensely propel energy demand growth within the stretch of two decades or until year 2040. Brian Byrne, senior vice president of Siemens Energy Asia Pacific Hub, said “Asia Pacific’s growth aspirations will...
Pangilinan-led PXP Energy Corporation has substantially trimmed its consolidated net loss last year to P76.3 million compared to a considerably enormous scale of P297.2 million in 2019. On a core net loss basis, the company was also able to bring that down to P45.7 million in 2020 versus the...
Garcia-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri. In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its...
The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines. The Philippine Coconut Authority (PCA), the industry regulating body which...
Through the mandated appointment of energy efficiency and conservation (EE&C) practitioners, the Department of Energy (DOE) will be enforcing stricter compliance to the prescriptions of the Energy Efficiency and Conservation (EE&C) Act or Republic Act 11285, primarily across...
Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period. The winning SMC companies are...
