The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. ...
The local government of Bugallon in Pangasinan, through Mayor Priscilla Espino, greenlighted PetroGreen Energy Corp.’s 25 megawatts (MW) solar power project. The Yuchengo-led firm said that the project, which will be located in a 25-hectare site in barangay Salomague Sur, is set to start...
Power utility giant Manila Electric Company (Meralco) will be seeking offers from power generation companies (GenCos) on its scheduled auction of 1,200-megawatt baseload power supply that will replace brownfield capacities currently drawn mainly from emergency power supply procurements. In a tender...
In an effort to reduce operational expenses, San Andres Aqua Culture Corp. (Sanacor) has integrated solar power into its shrimp farms in Sarangani, Mindanao, with the aim of lowering electricity costs. Shawna Velasco, Sanacor engineer supervisor, said solar’s contribution to the total electricity...
Power distributor Manila Electric Co. (Meralco) denied anew Santa Rosa City Rep. Dan Fernandez's claim that the company overcharged its customers since 2012. In a statement on Sunday, Nov. 26, Jose Ronald Valles, Meralco first vice president and regulatory management head, said the company's rates...
(Photo from Meralco) Santa Rosa lone district Rep. Dan Fernandez is prodding the Energy Regulatory Commission (ERC) to halt the alleged questionable 1,800-megawatt (MW) power supply agreement (PSA) that the Manila Electric Company (Meralco) intends to bid...
The Department of Energy (DOE) has prequalified at least eight (8) bidders in the scheduled competitive selection process (CSP) or tendering for the electrification of at least 98 off-grid sites covering 15,645 households. These firms which will be joining the Microgrid Service Provider (MGSP)...
"The people we owe a debt of gratitude that we will never be able to repay." REMINISCING — President Ferdinand 'Bongbong' Marcos Jr. smiles as he recognizes familiar faces during his meeting with the members of the Filipino community in Honolulu, Hawaii, on Nov. 18, 2023. Marcos said these were...
President Marcos believes he does not need to forgive anybody for what happened to his family in 1986 as he never blamed anybody for his father's ouster that led to their exile to Hawaii. Bongbong Marcos/Instagram Marcos said this as he is set to return to Hawaii before his scheduled return to the...
Razon-led power distribution utility MORE Electric and Power Corp. (MORE Power) announced a one-time refund that will benefit consumers in Iloilo City. In a statement, MORE Power said its customers will receive a rate reduction of P2.7644 per kilowatt-hour (kWh) in their bills from billing cycles...
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd. Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be...
The much-awaited and historic ‘123 Agreement’ on nuclear power cooperation was finally signed between Philippine Energy Secretary Raphael P. M. Lotilla and United States Secretary of State Anthony Blinken, the Department of Energy (DOE) has announced. The Governments of the Philippines and the...
