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Aboitiz Power Corporation recorded Php 17.8 billion in net income for the first half of 2023, following fresh contributions from GNPower Dinginin Ltd. Co. (GNPD) and higher availability in its portfolio. In
The country will need around 8,000 megawatts (MW) of additional energy capacity by 2028, Energy Secretary Raphael Lotilla said. Lotilla is hopeful that the energy projects in development will “move faster” as
Prime Energy Resources Development B.V. exceeded its target gas output for the second quarter in the Malampaya gas field. The Prime Infrastructure Capital Inc. subsidiary said that it recorded 280 million standard
In a bid to ease environmental concerns about unmanaged solid waste while securing more energy sources, a measure that promotes waste-to-energy (WTE) technology has advanced in the Senate after being endorsed for
The Department of Energy (DOE) said that the Marcos Jr. Administration ensured adequate energy supply amid challenges brought about by the Russia-Ukraine war and the increase of global coal and fuel prices.
President Ferdinand R. Marcos Jr. promises to achieve total electrification by the end of his term. “Alongside power generation, we are also as relentless in pursuing total electrification,” Marcos Jr. assured during
The Commission on Audit (COA) found that the Department of Energy (DOE) was only able to collect some of the Php 217 million out of the Php 1.2 billion owed by energy
Ayala-led ACEN Corporation will be investing PHP 1.44 billion into five of its subsidiaries to fund their development projects, company president and CEO Eric Francia said. Francia said in a stock exchange
Energy Secretary Raphael P. M. Lotilla said that the Maharlika Investment Fund (MIF) can be used to fund transmission projects as investors of renewable energy (RE) faced challenges connecting their projects to
The updated Philippine Energy Plan (PEP), which is set for completion this year, will focus on meeting the goals for emerging renewable energy technologies, and will not yet commit to a net-zero
