The government now allows 100% ownership of foreign entities in large-scale geothermal exploration, development, and utilization projects, said Energy Sec. Alfonso Cusi. Sec. Cusi made the announcement in a pre-recorded speech for the...
Businessman Manny V. Pangilinan has confirmed that he is keen on buying Shell’s 45% stake in the Malampaya gas-to-power project. Pangilinan said his group has been in talks with US investment bank...
Seeing the need for the country to shift to a more flexible power supply mix, the Department of Energy (DOE) has imposed a moratorium on the construction of greenfield coal-fired power plants....
The Department of Energy (DOE) is on close watch regarding Petron Corporation’s plan to close its refinery in Limay, Bataan. While the DOE has yet to receive any formal notice from the...
Residential sales volume or the consumption of electricity in residential areas of the Manila Electric Company’s (MERALCO) franchise area increased in the first nine months of 2020 due to work-from-home (WFH) arrangements...
Petron Corporation President and CEO Ramon S. Ang said the oil giant will shut down its refinery in Limay, Bataan “very soon” as it continues to be aggravated by the COVID-19 pandemic...
The Manila Electric Company (MERALCO) reported a 38.6% decline in its net income in the first three quarters of 2020 compared to the same period last year. In a disclosure to the...
Typhoon Quinta has damaged an estimated Php1,112,499.72 worth of power facilities, according to the National Electrification Administration (NEA). The NEA also reported that 35 electric cooperatives were affected, 12 of which have...
The Court of Tax Appeals (CTA) has rejected a petition for review filed by oil giant Petron Corporation, which sought to refund Php56 million of taxes it paid in 2012 for the...
(2ND UPDATE) As of 4PM Monday, The National Grid Corporation of the Philippines (NGCP) has restored at least six transmission lines that were knocked down by Typhoon Quinta. The lines service five power distributors...
