Melbourne, Australia – The Philippines’ commitment to offshore wind is about to face its ultimate test. In the coming months, the country’s green energy auction (GEA) for this technology will kick off, separating the “brave soul investors” from those who will quit before the competition...
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...
ILOILO CITY — MORE Electric and Power Corp. (MORE Power) has assured potential investors in this city of reliable power supply. “Iloilo will be ready for investment. We would be confident and not be afraid of any investment that would come, and that would require power,” said MORE Power...
Six days after the government ordered a shutdown of the power provider in Siquijor, President Marcos said the power supply in the island province has been fully restored. "[M]alakas na ang loob ko na i-proclaim na buo na ang supply ng kuryente dito sa Siquijor (I am now confident enough to proclaim...
LONDON, England – Building a nuclear plant isn’t just about typical infrastructure development; it requires a multi-generational commitment. It can take 10-15 years, or even longer, before a project can advance to commercial operations. Beyond the grueling work of securing public acceptance and...
The Department of Energy (DOE) and the National Electrification Administration (NEA) have announced that Siquijor Island Power Corp. (SIPCOR) will cease operations. In a briefing, Energy Secretary Sharon Garin said the Villar-owned power supplier will be replaced by TOTALPower, Inc., which will...
Around ₱5 billion worth of investments is the figure Maharlika Investment Corp. (MIC) has set upon entering a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will supply electricity to nearly 500,000 off-grid households in the Philippines. Winchell...
When President Marcos took office in 2022, his administration vowed to ramp up oil and gas investments, starting within the safer terrains of the Philippines’ exclusive economic zone (EEZ). It also eyed the flashpoint: restarting exploration and drilling in the contested waters of the West...
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
The Department of Information and Communications Technology (DICT) is carrying out a study to assess the feasibility of converting the long-mothballed Bataan Nuclear Power Plant (BNPP) into a hyperscale data center. As it stands, DICT Secretary Henry Aguda said the BNPP already has the...
Aboitiz Power Corp. expects to see improved performance in the second half of the year, driven by new supply deals and stronger plant operations. During the Philippine Stock Exchange’s (PSE) PSE STAR Investor Day, AboitizPower Chief Finance Officer (CFO) Sandro Aboitiz explained that the company...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
