Pryce Corp. is looking at a higher income target of P1.55 billion this year after achieving its profit guidance in 2017 following strong liquefied petroleum gas (LPG) sales. In a disclosure, Pryce...
Ten power projects are looking to be declared as “Project of National Significance” by the Department of Energy under Executive Order (EO) 30. Among the 10 projects include the Visayas-Mindanao Interconnection Project...
The Department of Energy (DOE) is requiring power distributors to create a third party auctioneer to undertake competitive selection process (CSP) in securing power supply deals. “We will issue an advisory to...
An additional supply of around 600 megawatts (MW) will be added to the Luzon grid that will assure enough power supply for summer, the energy department said. In a press briefing, DOE...
Phoenix Petroleum Philippines Inc. recorded a 65 percent net income increase in 2017 from P1.09 billion to P1.79 billion. In a disclosure to the Philippine Stock Exchange, the company recorded a banner...
Seaoil Philippines Inc. is extending to the non-fuel retailing business as it launched its own lubricant service centers. LubeServ was recently opened in Seaoil’s station in Dau, Pampanga. It offers a one-stop...
The Court of Appeals (CA) has issued a 60-day temporary restraining order (TRO) on the suspension of the four Energy Regulatory Commission (ERC) commissioners. The TRO was issued to the ERC “to...
The use of nuclear power can be a viable long-term energy option for the country based on the results of a technical cooperation with the International Atomic Energy Agency (IAEA), Department of...
The MRC Allied Inc. is gearing up its entry into the solar rooftop industry as it will put up four-megawatt (MW) of solar installations in various Xentro Malls. The company has signed...
The increase in the electricity rates within the Meralco franchise area this month will not be fully implemented in the electricity bills. Supposedly, there would be a P 1.0779 per kilowatt-hour (kWh)...
