In order to cushion soaring pump prices, the government doubled its budget for the Pantawid Pasada program to Php5 billion from the initial Php 2.5 billion. The first tranche of the subsidies...
Aboitiz Power Corporation posted a 66% increase in net income to Php20.8 billion in 2021 from Php12.6 in 2020. In a disclosure to the Philippine Stock Exchange on Monday, AboitizPower attributed the...
Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) have formally approved the increase in its authorized capital stock to 50 billion shares from 10 billion shares, as well as the asset-for-share swap....
SMC Global Power Holdings, the power generating company (genco) of San Miguel Corporation (SMC) is looking to construct a 300-megawatt (MW) liquefied natural gas (LNG) combined cycle power plant worth Php18.5 billion...
The country’s Nuclear Energy Program may now be a government policy, but the chief of the Philippine Nuclear Research Institute (PNRI) sees legal roadblocks up ahead before it could be fully implemented....
Electricity rates may continue to increase as an effect of the continuous rise of international coal prices. Estimates from the Philippine Independent Power Producers Association (PIPPA) showed that the effect on the...
The Department of Energy (DOE) met with downstream oil industry players on Friday to come up with a collective strategy to ensure that there’s enough oil supply amid the soaring prices affected...
Senate President Vicente “Tito” Sotto III said that Pres. Rodrigo Duterte can call for a special session in Congress where they could review Republic Act 8479 or the Oil Deregulation Law. In...
Think tank groups think that it’s too late for Pres. Rodrigo Duterte to make the Nuclear Energy Program (NEP) a reality with just under four months left in his term. In a...
Basic Energy Corporation is set to launch its Green Energy E-Transport Project that will roll out electric buses (e-buses) and solarize several gasoline stations in the country. Under the project, Basic Energy...
