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The board of directors of Nickel Asia Corp. has approved an additional investment of Php2.92 billion for its subsidiary Emerging Power, Inc. (EPI). In a disclosure to the Philippine Stock Exchange (PSE),
The emergency power supply agreement (ePSA) between the Manila Electric Co. (MERALCO) and Aboitiz Power Corp. may be extended as it is set to expire next week. In a report by Business
The Department of Energy (DOE) is eyeing to introduce hybrid systems to more off-grid areas in the country to help lower their power costs. In a report by the Philippine Star, Energy
Around 2000 megawatts (MW) of renewable energy projects are lined up in Mindanao, a Mindanao Development Authority (MinDA) representative said. Projects with a combined capacity of 400 MW are already committed, MinDA’s
Prime Energy Resources Development B.V will be implementing preparatory measures for the two-week scheduled maintenance shutdown of the Malampaya gas-to-power project in northwest Palawan. Prime Energy, the new operator of the Malampaya,
ACEN Corporation subsidiary, ACEN Australia, has secured an AU$277 million (about US$191 million) syndicated green term loan facility from major international banks to support ongoing utility-scale renewable energy (RE) projects in the
The National Power Corp. (NAPOCOR) is looking into private-sector partnerships to help speed up the deployment of renewable energy in far-flung and off-grid areas in the country. In a report by the
The Manila Electric Co. (MERALCO) will be moving to negotiate its 200 megawatt (MW) baseload energy contract as no bids challenged the unsolicited proposal of Solar Philippine Batangas Baseload Corp. (SPBBC) during
Power stakeholders are looking at a possible “gas-swapping” arrangement that will result in a gas allocation for the 1,200 megawatt (MW) Ilijan power plant which has been on shutdown since June 2022.
First Gen Corp has been tapped by polyethylene terephthalate (PET) bottle manufacturer McBride Corp. to supply renewable energy in its facilities as part of its decarbonization goals. Energy Development Corp. (EDC), the
