The Japan Bank for International Cooperation (JBIC), yesterday inked its partnership with Banco de Oro (BDO) Unibank for a $50 million facility that will provide funds for environment-related projects in the Philippines....
Palm Concepcion Power Corp. (PCPC) has obtained its certificate of compliance (CoC) from the Energy Regulatory Commission (ERC), allowing it the firm to operate its 135-megawatt (MW) coal-fired plant in Iloilo. “PCPC...
Senator Sherwin Gatchalian has called on the Duterte administration to look for alternative energy sources to expand the country’s power supply, as power outages can cost the country P3.3 billion. “Widespread power...
Senate Minority Leader Ralph Recto on Wednesday filed a Senate resolution ordering the Energy Regulatory Commission to probe the power situation of the Luzon grid. The resolution also seeks to determine the...
Japan-based global engineering firm JGC Corp. and its local subsidiary JGC Philippines Inc. has been awarded the $280-million contract to construct the second phase of Alsons Power Group’s coal-fired power plant in...
Aboitiz unit Hedcor Inc. has signed a deal with the Misamis Occidental I Electric Cooperative Inc. (MOELC-1) to supply one megawatt (MW) of power from its 68.8-MW hydropower project in Mindanao. The...
Amid the ongoing audit on mining firms by the Department of Environment and Natural Resources (DENR), President Rodrigo Duterte appointed a new Mines and Geosciences Bureau (MGB) chief. In a presidential decree that...
Publicly-listed Phoenix Petroleum Philippines, Inc. (PNX.PS) said yesterday that its net income grew by 33 percent in the first half of the year from the same period last year, on the back...
“Either you follow strictly government standard or you close down.” Those were the strong words of President Rodrigo Duterte to mining companies on Monday, warning them to follow environmental government rules or...
MRC Allied Inc. has increased its authorized capital stock to P5 billion on the back of its venture into renewable energy (RE) projects. The board also said in a disclosure that it...
