A total of Php221.35 billion in renewable energy (RE) investments have been poured into the country from the time Republic Act 9513 or the RE Act was passed in December 2008 up...
Investors were eager to avail of AC Energy’s ASEAN Green Bond offering at the Singapore Exchange (SGX) that it was oversubscribed, with orders exceeding $2 billion (over Php100 billion), or more than...
The Department of Finance (DOF) said it will seek funding sources and come up with programs aimed at attracting investments, as the country seeks to shift away from carbon-based power generation. Based...
Consunji-led Semirara Mining and Power Corporation (SMPC) announced on Tuesday that it has paid nearly Php1.7 billion in royalties to the Department of Energy (DOE) for the second quarter, the highest ever...
Philippines Clean Energy Holding Inc. (PCEHI), a subsidiary of Singapore-based Valorous Asia Holdings Pte. Ltd., offered to acquire up to 5.7% of First Gen Corporation’s outstanding common shares at Php33 per share,...
Petron’s decision to suspend operations of its refinery in Limay, Bataan and Shell’s closure of its Tabangao refinery in Batangas City pulled down the market share of the country’s two largest oil...
AC Energy (ACEN) announced that it launched its green bonds to be listed on the Singapore Exchange (SGX). In a disclosure to the Philippine Stock Exchange (PSE), ACEN said that the senior...
One of the 97-megawatt (MW) Avion gas-fired power plant’s two turbines has gone offline after its compressor sustained damage. In a disclosure to the Philippine Stock Exchange, plant owner First Gen Corporation...
While the Department of Energy (DOE) has assured sufficient power supply during the election period next year, Sen. Sherwin Gatchalian thinks otherwise, prompting him to call for a probe into the department’s...
The Commission on Audit (COA) said that the National Electrification Administration (NEA) maintained two bank accounts worth Php290.665 million not listed in its financial statements. Based on its report issued on July...
