Ayala-led ACEN Corp. has approved the sale of its shares in the 244 megawatt (MW) South Luzon Thermal Energy Corporation (SLTEC) coal plant with an aggregate value of Php3.7 billion. The SLTEC...
The Philippine government is set to fast-track the transition toward clean energy through the development of renewable energy projects to help mitigate climate change. During a meeting with the Group of Twenty...
Electricity prices across Asia and the Pacific are seen to rise by as much as 27% by 2025 if the region’s energy supply will remain unchanged, the Asia Development Bank (ADB) said. ...
The Philippines is looking forward to future initiatives that would help accelerate the first from coal to sustainable energy sources under the Association of Southeast Asian Nations Plus Three (ASEAN +3) cooperation,...
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Calaca, Batangas. In a statement on Monday,...
BDO Unibank, the country’s largest universal bank, is open to funding renewable energy (RE) projects in the Philippines given the government’s drive to raise the composition of RE in the country’s energy...
Finance Sec. Carlos Dominguez III has urged multilateral development banks (MDBs) to come up with guidelines for vetting climate adaptation projects in developing countries in order to attract private investors. Dominguez outlined...
The Philippines and Indonesia may be the first countries in Asia to remove coal from their energy mix. This comes on the back of commitments from the Asian Development Bank (ADB) to...
The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources....
The government is delaying the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) to focus first on the sale of the Casecnan Multi-Purpose Project (CMPP). Based on a report from The...
