The power generation unit of Manila Electric Co. (Meralco) is stepping back from the direct bidding process for a prized coal concession in Antique province. Emmanuel V. Rubio, Meralco PowerGen Corp. president, said they will instead wait for the Consunji family’s mining unit to secure the...
A power interruption affects some areas in Barangay Pinagbuhatan, Pasig City, due to a fallen electric post on Tuesday afternoon, May 5. Motorists were advised to avoid passing through the Sandoval Avenue corner of Centennial 1 in the meantime, as the area remains impassable due to hanging power...
Headline inflation or annual price increases soared to a 37-month high of 7.2 percent in April, mainly as domestic fuel and food prices skyrocketed due to the global oil price and supply shocks caused by the prolonged war in the Middle East. The Philippine Statistics Authority ’s (PSA) latest...
Consunji-led Semirara Mining and Power Corp. (SMPC) is leaning on its three-decade operational history as it prepares for the government auction of its coal assets in Antique province. Speaking at the company’s annual stockholders’ meeting on Monday, May 4, Isidro Consunji, SMPC hairman said...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
Semirara Mining and Power Corp. (SMPC) is slashing its planned capital spending for the year as the energy unit of the Consunji family’s DMCI Holdings Inc. awaits clarity on the future of its flagship coal operations in Antique province. According to SMPC, the integrated energy producer expects...
While insisting that the coal moratorium stays, Energy Secretary Sharon Garin indicated that the Department of Energy (DOE) is giving the country’s aging coal plants a not-so-gentle performance review—especially those that keep “calling in sick” through repeated forced outages that strain...
SN Aboitiz Power Group, the leading Philippine renewable energy producer, generated 1.72 terawatt-hours of clean electricity last year, driven by high plant reliability and focus on expanding its green energy portfolio. In a statement, the company, a joint venture between Aboitiz Power Corp. and...
Ignite Power, the energy partnership between billionaire Enrique Razon Jr.’s Primelectric Holdings Inc. and boxing legend Manny Pacquiao’s MP Holdings, clarified on Thursday, April 30, that no formal negotiations are currently underway for a proposed joint venture with South Cotabato II...
Innovation does not have to mean something no one has ever seen before. It doesn 't have to be fancy or stuffed with AI. Innovation can stem from the simpler things. It has, and should have always been, a solution to real problems. And right now, we have problems, one of them is the energy...
Consunji-led Semirara Mining and Power Corp. (SMPC) saw a 12-percent drop in net income in the first quarter of 2026 as lower power output and reduced coal deliveries weighed on performance. In a statement on Thursday, April 30, SMPC disclosed net income of ₱3.8 billion for the January-to-March...
The Department of Energy (DOE) is working to minimize the risks of price shocks in off-grid areas through coordination with other government agencies and state-run firms in the energy sector. According to Energy Secretary Sharon Garin, the DOE is actively coordinating with the National...
