(UPDATED) The Department of Energy (DOE) has approved the Notice to Proceed (NTP) application of Vires Energy Corporation (VEC) to develop its proposed integrated natural gas-fired power plant and liquefied natural gas
Anti-competitive and even “economic sabotage” charges possibly await generating companies (gencos) whose power plants have had prolonged outages, especially during the peak demand period, according to the Department of Energy (DOE). During
Aboitiz Power Corporation (AboitizPower) has once again tapped the power of data science and artificial intelligence (DSAI) in the use of its new energy trading platform for its power plants. The platform,
The Securities and Exchange Commission (SEC) has “favorably considered” AC Energy’s (ACEN) follow-on offering (FOO). ACEN aims to raise as much as Php16.48 billion, as it will be offering a total of
The Department of Energy (DOE) is on the watch for a possible yellow alert for Luzon until June due to the usual high electricity demand for summer and the simultaneous shutdown of
San Miguel Corporation (SMC), through its power arm SMC Global Power Holdings Corporation, said it is in the advanced stages of completion of its’ 31 new battery energy storage system (BESS) facilities
AC Energy (ACEN) is investing Php4.5 in its subsidiary that will run its solar project in San Marcelino, Zambales. Based on its disclosure to the Philippine Stock Exchange on Wednesday, the said
The Department of Energy (DOE) said it stands firmly behind any of Pres. Rodrigo Duterte’s decisions and actions regarding the assertion of the exclusive licensing authority of the Philippines over petroleum and
The Manila Electric Company (MERALCO) and the Philippine Rural Electric Cooperatives Association (PHILRECA) party-list are appealing to the public to be more responsible in using electricity, as dry months persist and temperatures continue
Phoenix Petroleum has cut down its capital expenditure (capex) for 2021 to Php800 million, nearly half its Php1.5 billion allocation in 2020 to save cash and rationalize spending. Based on a report
