The government looks to build its own oil reserve in a bid to lessen the country’s dependence on imported oil and thus, exposure to price or supply volatilities. This would be done...
Ayala-led AC Energy (ACEN) believes that the implementation of a reserve electricity market would invite more investors in ancillary services (AS) and battery energy storage systems (BESS) in the country. At a...
The government is delaying the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) to focus first on the sale of the Casecnan Multi-Purpose Project (CMPP). Based on a report from The...
EEI Energy Solutions Corporation, the retail electricity supplier (RES) arm of Yuchengco-led EEI Corporation, is providing power to a mall in Laguna and a cooperative in Batangas. The firm announced that it...
AC Energy (ACEN) plans to build a 1,200-megawatt (MW) dual-fuel power plant in Batangas City, which aims to provide the Luzon Grid’s mid-merit and peaking requirements. The project, which would house six...
The Department of Energy (DOE) is preparing for the impending shutdown of the Malampaya gas field this October, which is expected to trigger a hike in electricity rates. Given this, the agency...
Government-owned PNOC-Exploration Corporation (PNOC-EC) will decide in October on whether to give its consent to the Udenna Group’s purchase of Shell’s 45% stake in the Malampaya gas-to-power project. Based on a Manila...
AC Energy (ACEN) is reallocating part of its proceeds from its stock rights offering (SRO) and follow-on offer (FOO) amounting to Php7.07 billion to finance its renewable energy (RE) projects in Pampanga...
Major energy players in the country are set to give a total of Php56 million in cash incentives to Filipino medalists following Team Philippines’ historic run at the Tokyo Olympics. This comes...
Pilipinas Shell Petroleum Corporation has filed a motion for a temporary restraining order (TRO) against the government from collecting excise tax on fuel blending additives. In a disclosure to the Philippine Stock...
