The country’s power situation is now on the line as reports of Udenna Corporation’s plans of selling its controlling stakes in the Malampaya gas-to-power projects have surfaced, Senator Sherwin Gatchalian said. “With...
Two of the six liquefied natural gas (LNG) projects may soon reach completion and operations, the Department of Energy (DOE) said. In a media briefing on Friday, DOE Oil Industry Management Bureau...
Hurdles involving resistance from landowners and issuance of permits from several local government units have further pushed the launch of the Mindanao-Visayas Interconnection Project (MVIP) to October this year. “It is delayed....
Pilipinas Shell Petroleum Corporation (PSPC) has announced plans to build another import terminal, this time in the Visayas. This would be the company’s fifth import terminal in the country and is eyed...
Ayala-led ACEN said it posted a consolidated net income of Php405 million for the first quarter of 2022, 68% lower than the Php1.27 billion recorded in the same period last year. The...
The passage of Republic Act 11697 or the Electric Vehicle Industry Development Act (EVIDA) puts the Philippines in a good position for high-technology investments, the Department of Trade and Industry (DTI) said. ...
The Manila Electric Company (MERALCO) recorded 35 “isolated” power interruptions in its franchise area during Monday’s elections, all of which were “immediately addressed.” Most of the power interruptions were caused by load-side...
Lopez-led Energy Development Corporation’s (EDC) net income for the first quarter of the year dipped by 19% to Php2.63 billion versus the Php3.26 billion recorded in the same period in 2021. “The...
Security Bank said it will stop funding new coal projects by 2033 in support of the government’s commitments to reduce greenhouse gas emissions. The country’s seventh largest bank said that it will...
SMC Global Power Holdings Corporation recorded a 75% drop in its net income to Php1.93 billion in the first quarter of 2022 from Php7.78 billion in the same period last year, based...
