The executive committee of Ayala-led ACEN has approved the offer and issuance of up to Php 10 billion in fixed-rate green bonds with a five-year tenor. “Since our debt levels remain very...
The Nepomuceno-led Raslag Corp. is expected to generate Php 214.5 million once its 18.011 megawatt-peak (MWp) Raslag-3 solar power plant in Pampanga becomes fully operational. In a disclosure to the Philippine Stock...
11 days after taking the highest position in the country, President Ferdinand “Bongbong” Marcos Jr. has named Raphael Perpetuo Lotilla as the new Department of Energy (DOE) chief, Press Secretary Trixi Cruz-Angeles...
The Manila Electric Co. (MERALCO) announced a Php 0.7067 per kilowatt-hour (kwh) decrease in its power rates for the month of July, pulling down the overall rates to Php 9.7545 per kwh. ...
As it nears depletion, the Malampaya gas field was only able to produce 79.054 billion cubic feet (bcf) of natural gas in 2021, a huge decline from the 141.732 bcf recorded in...
Eight new renewable energy projects were endorsed by the Department of Energy (DOE) to the National Grid Corporation of the Philippines (NGCP) to conduct a system impact study (SIS) in June. The...
Pilipinas Shell Petroleum Corp. launched its first electric vehicle (EV) charging station as part of the oil company’s goal toward a lower carbon footprint. Called the Shell Recharge, the EV charging station...
Ayala-led ACEN is looking to complete the Php 17 billion worth of wind projects that are part of the Green Energy Auction Program (GEAP) by 2023 the soonest. Two of ACEN’s wind...
The Energy Regulatory Commission (ERC) has ordered power distributor giant Manila Electric Company (MERALCO) to refund another Php 21, 769, 496, 221 to its customers covering the period from July 2015 to...
The Atlantic, Gulf & Pacific (AG&P) International Holdings is looking to commission the country’s first liquefied natural gas (LNG) terminal in Batangas City this year, a top-ranking official said. AG&P Group chairman...
