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Amid pivoting to funding sustainable energy resources, Rizal Commercial Banking Corp. (RCBC) is gearing for a PHP 20 billion loan agreement to bankroll renewable projects, which would support 10 power plants. In...
In order to meet its target of having renewable energy account for 50% of the power generation mix by 2040, the Philippine power sector will require PHP 5.8 trillion worth of investments. ...
Ayala-led ACEN Corporation has teamed up with Indonesian firm PT Deweta Magaenergi to look into possible renewable energy projects in Indonesia. In a disclosure to the Philippine Stock Exchange, ACEN said that...
The Department of Energy (DOE) keenly pushes for the installation of a ‘parallel green grid system, ‘ an upgrade and expansion of the Philippines’ energy transmission system. According to a report by...
Department of Energy (DOE) Secretary Raphael PM Lotilla assured that the energy department is creating an investment-friendly environment by “leveling the playing field, simplifying processes, and providing policy support mechanisms.” In the...
The Manila Electric Co. (MERALCO) is still looking for a new supplier following the termination of its power supply agreement (PSA) with Sual Power, Inc. In a report by Business World, MERALCO...
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To ensure the energy security of the Luzon grid, Lopez-led First Gen Corp.’s subsidiary FGEN LNG Corp. has announced the commissioning of its liquefied natural gas (LNG) terminal, accelerating its ability to...
The Philippines is now nearing the end of negotiations on the terms and conditions of the 123 agreement with the United States for Nuclear Cooperation, Department of Energy (DOE) undersecretary Sharon Garin...
