Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
The partnership between the Philippines and New Zealand in harnessing geothermal energy and improving the sustainability of the energy sector will continue to grow as the two nations build a framework to open up opportunities for investment and knowledge exchange, New Zealand Ambassador to the...
The Department of Energy (DOE) has launched a five-year implementation plan for its geothermal de-risking facility, a new initiative aimed at advancing geothermal development in the country. During the 6th Philippine International Geothermal Conference (PIGC6) on Wednesday, Sept. 10, Energy...
ILOILO CITY — The province of Iloilo is potentially becoming a major area for renewable energy (RE) projects. During the recent Road to “Renewables: Conversations on Energy Transition," the Department of Energy (DOE) in the Visayas disclosed that almost 1,400 megawatts (MW) of offshore wind...
The Department of Energy (DOE) is poised to bolster the country 's electric vehicle (EV) fleet through updated guidelines on EV adoption. In a statement on Tuesday, Sept. 9, the DOE announced that the amended EV Recognition Guidelines will provide a comprehensive framework for classifying...
Representatives from the Philippine government’s top energy regulatory agencies and key private sector players are set to discuss the challenges facing the country’s power sector at the second energy forum of the Economic Journalists Association of the Philippines (EJAP) on Sept. 11. The EJAP...
LONDON, England - The nuclear industry is entering a “transformative reset” on the urgent need to reskill its workforce for an artificial intelligence-driven (AI) future and to enhance its capacity for the emerging ‘distant’ technologies. During last week’s World Nuclear Symposium, Jooho...
The Department of Energy (DOE) is considering exceptions to its ban on new coal-fired power plants, aiming to allow limited “own-use” facilities to help regional power shortages and support renewable energy with additional baseload power. The coal moratorium, introduced in 2020, was designed to...
The British Chamber of Commerce Philippines (BCCP), in partnership with Shell Energy Philippines Inc. (SEPH) and Manila Bulletin as a media partner, introduces a forum on clean energy transition titled, “Powering Progress: A Look into the Philippine Clean Energy Transition” in the Colliers...
Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
While the Philippines is exploring the re-entry of nuclear power, securing financing may prove challenging as some local banks remain cautious about backing such projects. In an exclusive interview, Michael Ricafort, Chief Economist at Rizal Commercial Banking Corp. (RCBC), explained that the high...
Motorists should brace for a potential fuel price increase next week, with per-liter costs for gasoline and diesel expected to rise by more than a peso due to global geopolitical tensions and sanctions. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the price of...
