Rising fuel prices are beginning to ripple across the sprawling operations of DMCI Holdings Inc., exposing the vulnerabilities of a diversified conglomerate whose businesses—from mining to cement to property—depend heavily on steady and affordable energy supply. For DMCI, the challenge is no...
ZAMBOANGA CITY – Thousands of consumers served by four power feeders of the Zamboanga City Electric Cooperative are suffering from a debilitating outage caused by a defective transformer. The four feeders, all located in Zamboanga City 's east coast, have not been energized as of 5 p.m....
ILOILO CITY – The Senate is reviewing the proposal to expand Razon-owned MORE Electric and Power Corp. (MORE Power) in southern Iloilo province. The Senate Committee on Public Services chaired by Sen. Raffy Tulfo has started deliberations on the matter. The panel is looking into the legislative...
As weekly price shocks gouge ever deeper holes in consumers’ pockets, more Filipinos are beginning to wonder: Are we heading toward a future where fuel isn’t just expensive, but essentially a “limited-edition” item? The warning from oil companies has been stark: April marks the edge of the...
CEBU CITY – Pursuing higher education has become easier for this group of students in Toledo City, Cebu. Twenty students from Barangays Bato and Cabitoonan in Toledo received college scholarships through AboitizPower subsidiary Therma Visayas Inc. (TVI). Funded by Aboitiz Foundation Inc. (AFI)...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Diversified engineering conglomerate DMCI Holdings Inc. is increasing its capital expenditure (capex) budget by 11 percent this year to ₱24.6 billion from ₱22.2 billion in 2025, mainly for the expansion of its residential and off-grid power businesses and strategic improvements in cement...
Renewable energy (RE) advocates may roll their eyes, but the Middle East friction is shouting a bitter punchline: the world still treats fossil fuels like chocolate. The appetite is insatiable and relentless; if the supply runs dry, economies could fall apart faster than a cookie dunked in milk....
ILOILO CITY – The House of Representatives has approved on third and final reading the proposed expansion of Razon-owned MORE Electric and Power Corp. (MORE Power) in southern Iloilo province. Authored by Iloilo first district Rep. Janette Loreto-Garin, House Bill (HB) No. 7647 called for...
The ongoing Middle East conflict has cast a harsh spotlight on the Philippines’ vulnerabilities, exposing an energy supply chain so fragile that every global flare-up sends shockwaves straight to Filipino households. After 25 years of power industry deregulation and decades of oil market...
Aboitiz Equity Ventures Inc. reported that consolidated core net income remained unchanged at ₱25.5 billion for last year, as growth in its food and beverage segments offset earnings drag from its power generation arm. In a disclosure to the Philippine Stock Exchange, the diversified investment...
In the Philippine energy sector, ‘greed integration’ isn’t subtle anymore. It has been stamped in black and white with the jaw-dropping ₱11/kWh offshore wind price recently approved by the Energy Regulatory Commission (ERC). This rate applies to the targeted 3,300-megawatt capacity auction...
