The government will have to spend P330 billion for it to be able to buy out coal power plants in Mindanao, as part of the Philippines’ commitment to cut on carbon emissions...
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....
Team Energy unit Team Sual Corporation (TSC) and Semirara Mining and Power Corporation’s Southwest Luzon Power Generation Corporation (SLPGC) were collectively fined close to Php5 million after the Energy Regulatory Commission (ERC)...
AC Energy (ACEN) recently announced that it is partnering with the South Pole Group, a leading project developer and global climate solutions provider that works with private organizations and governments worldwide. ACEN’s...
The Luzon Grid was placed on Yellow Alert on midday Wednesday, as several power plants went on forced outage, according to the National Grid Corporation of the Philippines. Net operating margin from...
AC Energy (ACEN), the power arm of the Ayala Group, is transitioning its generation portfolio to 100% renewable energy (RE) by relinquishing all thermal assets by 2025 through a “property-for-share-swap” scheme with...
The timeline for the opening of Unit 1 of the GNPower Dinginin coal-fired power plant has been pushed back once again. Based on a BusinessWorld report, GNPower Dinginin Ltd. Co. (GNPD) Vice...
The Department of Energy (DOE) said that it has 7,712 megawatts (MW) in committed power plant projects, which are to be added to the grid from this year until 2027. Energy Sec....
SMC Global Power Holdings, the power generation arm of San Miguel Corporation (SMC), registered a 35% increase in its first half net income from Php12.2 billion from Php9.06 billion in the same...
Consunji-led Semirara Mining and Power Corporation (SMPC) posted a 279% jump in its consolidated net income for the second quarter of 2021 at Php3.98 billion from Php1.05 billion in the same period...
