(UPDATED) Stockholders of AC Energy Corporation (ACEN) have formally approved the infusion of Php85.9 billion worth of foreign assets into the Ayalas’ power arm. The approval of the was officially confirmed by...
The National Power Corporation (NAPOCOR) is planning to build six renewable energy (RE)-diesel hybrid power plants under its RE program in off-grid areas. Based on a report from The Philippine Star, NAPOCOR’s...
The recurring production restriction from the Malampaya gas field will reduce again the power generation of the 1,200-megawatt (MW) Ilijan gas-fired power plant in Batangas City. Based on a Manila Bulletin report,...
Petron Corporation, the country’s largest oil firm, is allocating Php11.048 billion for its capital expenditures (capex) for this year, 30.3% higher than the Php8.48 billion capex for 2020. Based on Petron’s final...
The National Grid Corporation of the Philippines (NGCP) has warned of a power supply shortage in Luzon this summer despite lower demand due to quarantine restrictions brought by the COVID-19 pandemic. “We...
Sen. Sherwin Gatchalian is asking the Department of Energy (DOE) to justify its decision to approve the sale of Chevron’s 45% in the Malampaya gas-to-power project to Udenna Corporation of Davao-based businessman...
The government is planning to acquire coal-fired power plants in Mindanao, especially the older ones, in order to shut them down once the Agus-Pulangi hydropower plants start running at higher capacity, said...
(UPDATED) AC Energy’s subsidiary for the development of its 45-megawatt (MW) Balaoi wind farm project in Pagudpud, Ilocos Norte, as well as its renewable energy (RE) laboratory in Mariveles, Bataan and new...
Energy Sec. Alfonso Cusi urged American businessmen to invest in the Philippines’ energy sector, particularly in renewable energy (RE), particularly geothermal. “Geothermal energy is an area that we would really like to...
The Department of Energy (DOE) called on renewable energy (RE) players to start putting up new power plants in two years to meet the requirements of power distributors to source a percentage...
