Four major foreign banks will reportedly fund Davao-based businessman Dennis Uy’s $460 million acquisition of the 45% stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas-to-power project. Based on a...
The reserves of the Malampaya gas field may hit nearly rock bottom as early as next year, according to an official of the Department of Energy (DOE). Based on a Manila Bulletin...
The Philippine Electricity Market Corporation (PEMC), which governs the Wholesale Electricity Spot Market (WESM), will have its new President, as Atty. Oscar Ala retired from the post. Based on a Manila Bulletin...
The Department of Energy (DOE) may delay the first round of its green energy auction program (GEAP), as it continues to collect data, noting that any new findings may have an impact...
Luzon, including Metro Manila, may be experiencing another round of rotating brownouts in the fourth quarter with the 20-day turnaround shutdown of the Malampaya gas-to-power project this October. Based on a Manila...
Cebu-based Vivant Energy Corporation will be investing around Php5 billion for expansion projects to be finalized until 2023, targeting both renewable energy (RE) and conventional power technologies. Vivant President Arlo Sarmiento noted...
The Department of Energy (DOE) has admitted that the Luzon Grid does not have the enough capacity to meet the peak electricity demand, especially with the recurring dilemma of forced power plant...
The Department of Energy (DOE) has warned of the possible reimposition of Red and Yellow Alerts in the Luzon Grid, and thus rotating brownouts, until July. At the Senate Committee on Energy’s...
Negros Island Biomass Holdings (NIBH), a joint venture between AC Energy and the Zabaleta group, has signed binding agreements to divest its shareholdings in three biomass-fired power plants in Negros Occidental. NIBH...
Sen. Risa Hontiveros urged the Energy Regulatory Commission (ERC) to investigate the Manila Electric Company’s (MERALCO) power rate hike for June, saying it “defies logic” even under the regime of deregulation. Hontiveros...
