The Philippines needs a “value chain” for liquefied natural gas (LNG) and develop policies that will encourage more financing in LNG projects, a company official said. Bank of Tokyo-Mitsubishi UFJ Ltd. first...
Alsons Consolidated Resources Inc. has cleared the issuance of P2.5 billion in the issuance of short term commercial papers (STCPs) to fund their operations and bankroll projects in Mindanao. Alsons said proceeds...
A congressman has asked the Department of Energy and Commission on Audit to resolve the conflict over the Malampaya gas project that could result to a negative impact on the country’s electricity supply...
First Gen Corp. is looking to close its engineering, procurement, and construction (EPC) tender and partner selection process for the $1 billion liquefied natural gas (LNG) terminal in 2017 for constructions to...
The Energy Development Corp. (EDC) has signed two-year power supply deals that will provide 53 megawatts of electricity supply to North Luzon power cooperatives. The company signed a power supply agreement (PSA)...
Following a Supreme Court decision, the Aboitiz Power Group has been awarded the 25-year contract for the rehabilitation of the 153.1-megawatt (MW) Naga Power Plant Complex (NPPC) in Cebu. In a disclosure,...
The construction of Redondo Peninsula Energy Inc.’s 600 megawatt coal-fired power plant in Subic, Zambales is set to begin in January 2017, an official said on Wednesday. “I think we break ground...
The Manila Electric Co. (MERALCO) is set to enter the hydropower sector after inking a partnership with Blue Energy Holdings and Management Corp. In a disclosure, Meralco said it signed a joint...
The Consunji-led Semirara Mining and Power Corp. has fully exhausted the mineable reserves of its Panian Pit in Semirara, Antique. However, the company assured there will be no interruptions in their coal...
The Organization of the Petroleum Exporting Countries (OPEC) is eyeing a global consensus in cutting oil productions, the group’s chief said on Tuesday. “In order to restore stability at a sustainable level,...
