The Department of Energy (DOE) is set to issue a new policy that will enforce stringent monitoring of petroleum products as part of its initiative protect the interest of consumers. The new policy is pursuant...
The Manila Electric Co. (Meralco) announced today a decrease in its electricity rates worth P 0.5436 per kilowatt hour (kWh) for the month of May. The adjustment this month brings the overall rate...
Lopez-led Energy Development Corp. (EDC) registered a hefty drop in recurring and consolidated net profits in the first quarter of the year as the negative impacts of Typhoon Urduja late last year...
Phoenix Asphalt Philippines, Inc., the joint venture of independent oil company Phoenix Petroleum, Thailand-based TIPCO Asphalt Public Co. Ltd, and PhilAsphalt Development Corporation, has broken ground for the construction of its own...
Petron Corporation opened the year strong posting consolidated revenues of P129 billion for the first quarter of 2018, 21 percent higher than the previous year’s P106 billion. Consolidated net income reached P5.8...
Aboitiz Power Corporation (AboitizPower) recorded for the first quarter of 2018 a 9 percent year-on-year decrease in its consolidated net income, from P4.4 billion to P4.0 billion. AboitizPower recognized non-recurring foreign exchange...
The indigenous families in the highlands of Subic and Olongapo now have access to inexpensive medicine thanks to three new botikas, courtesy of Redondo Peninsula Energy Inc. The botikas (pharmacies) are RP Energy’s...
Four 600-kilowatt (kW) additional generating sets (gensets) were inaugurated on Wednesday for the power facilities of San Vicente and El Nido. Alfredo R. Zabala of National Power Corporation (Napocor) Palawan Operations Division...
Department of Energy Assistant Secretary Redentor Delola guaranteed that the country has “enough reserves” even if a number of power plants in Luzon are scheduled to go offline. Pagbilao 1 (367.5 MW)...
The Manila Electric Co. (Meralco) is looking to invest in a power distribution business in Ghana amid its overseas expansion. The Millennium Development Authority (MiDA) has chosen Meralco as the preferred bidder...
