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The National Transmission Corp. (Transco) plans to cover the P8-billion backlog to be paid to renewable energy developers system through a zero-percent interest P15-20 billion loan from World Bank and Asian Infrastructure...
The Department of Energy (DOE) has authorized Citicore Power Inc. (CPI) to proceed with the pre-development stage of its five proposed hydropower projects in Southern Luzon. This stage covers permitting and conducting...
After receiving a letter of approval from the Security and Exchange Commission (SEC) last week, AboitizPower Corp. has set out an offering period of its P30 billion worth of retail bonds, starting...
The Philippines, with its geographical advantage, is looking to become Southeast Asia’s liquefied natural gas (LNG) hub. Philippine National Oil Co. is leading the government’s efforts of developing an integrated LNG receiving...
PetroEnergy Resources Corp. is in talks of preparations for drilling activities as they study local oil prospects once the international oil market improves. The publicly-listed energy firm, along with its partners, is...
Power distributor Manila Electric Co. (Meralco) increases its overseas affiliations through a second partnership in Nigeria and the introduction of its payment services in Indonesia. Meralco sealed its second Nigerian partnership after...
Phoenix Petroleum Philippines Inc. is acquiring LPG seller Petronas Energy Philippines Inc. (PEPI), a subsidiary of Malaysian firm Petronas Dagangan Berhad (PDB), with a planned 100% shares as part of its aggressive...
Renewable energy developers call for a two to four-year extension of feed-in-tariff (FIT) allocation to meet the challenges of building new RE technologies, namely biomass and run-of-hydro electricity. Taking cues from the...
The Global Business Power Corp. (GBPC) is looking to expand in the Luzon and Mindanao regions through investing in traditional power projects and entering the renewable energy sector to double its capacity...
PetroEnergy Resources Corp. (PERC) has recently partnered with Thai powerhouse BCPG Public Company Ltd. for its upcoming 36-megawatt (MW) Nabas-1 Wind Power Project, making the collaborative enterprise the first acquisition in the...
