Alternergy Holdings Corporation has acquired a Php 1-billion project finance senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to finance the construction of its 28-megawatt peak (MWp) Balsik Solar Power...
Basic Energy Corp. has partnered with a Thailand-based company for the “exploration, development and production of renewable energy sources in the Philippines and abroad.” The company said in a disclosure that it...
The Manila Electric Co. (MERALCO) announced a reduction in electricity bills for the third consecutive month. In its official Facebook page, Meralco announced a P0.12 per kilowatt hour reduction for the month...
Investment prospects in the country’s energy sector are full of promises and ‘potential energy,’ Department of Energy secretary Alfonso Cusi said during the EU-Philippines Business Summit 2016. In his keynote speech, Cusi...
The Government Energy Management Program (GEMP) has generated around P3 billion worth of savings in electricity and fuel expenses, a Department of Energy (DOE) official said. Department of Energy Undersecretary Benito L....
The Department of Energy (DOE) is seeking to regulate a compliance assessment to evaluate the performance and efficiency of generation companies and power distributors. The DOE published the draft circular “Providing for the...
The National Grid Corp. of the Philippines (NGCP) has set new grid technical standards based on the practices of international power utilities to improve their services. The grid operator, which is aiming...
A development advocacy group said that the World Bank is indirectly financing a boom in some of Asia’s dirtiest coal-fired generation plants despite ending commitments to the sector, an Agence France Press report...
The National Grid Corp. of the Philippines (NGCP) has reiterated the inevitability of blackouts if landowners continue to plant trees and establish structures within the right of way clearances and demand excessive amounts...
Government officials yesterday said adhering to the Malampaya project in Palawan will benefit the upstream oil and gas industry as it will maintain the “predictability, certainty and consistency of investment rules in...
