Energy Sec. Alfonso Cusi defended the $50 million capital requirement for foreign companies entering the country’s geothermal sector, which was deemed to be “negligible.” Cusi pointed out that $50 million has been the amount...
The National Grid Corporation of the Philippines (NGCP) said it should not be blamed for the massive flooding in Cagayan and Isabela due to Typhoon Ulysses, as it is not involved with the...
More power generation firms have signified their interest to take part in the Manila Electric Company’s (MERALCO) competitive auction to fill its 1,800-megawatt power requirement. MERALCO utility economics head Lawrence Fernandez said...
The consortium running the Malampaya gas-to-power project had already paid the government Php311 billion in revenues it earned since beginning commercial operations in 2001, according to Senate energy committee chairman Sherwin Gatchalian....
Pending the subsiding of the floods and the inspection of transmission lines, electricity may be fully restored in Cagayan by Tuesday, Energy Sec. Alfonso Cusi said on Sunday. Cusi said in a...
Pilipinas Shell Petroleum Corporation incurred a net loss of Php13.9 billion in the first nine months of the year, a reverse from the Php4.4 billion it earned in the same period last...
Dennis Uy-led Phoenix Petroleum has posted a net loss of Php95 million from January to September 2020, it said in a disclosure to the Philippine Stock Exchange. The said figure is a...
Singapore-based fund GIC Private Limited is set to acquire 17.5% in AC Energy, the Ayala’s power firm said in a disclosure to the Philippine Stock Exchange on Thursday. The Php20 billion transaction,...
The Manila Electric Company (MERALCO) said that it may take several days before power in its entire franchise area is fully restored following the onslaught of Typhoon Ulysses over Luzon on Thursday....
After announcing a rate cut for November, the Manila Electric Company (MERALCO) is watching for a possible hike in power rates in December due to the Malampaya gas platform’s maintenance shutdown from...
