Property giant SM Prime Holdings aims to boost by 50% its electricity consumption from renewable energy (RE) by the end of next year. At the same time, the Sy-led firm will expand...
Oil refinery production in the country fell by 66.9% to 1,284 million liters (ML) in the first half of this year from 3,878 ML in the same period last year, based on...
The Department of Energy (DOE) may run into legal trouble if it continues to push through with approving Udenna Corporation’s purchase of the 45% share of Shell Philippines Exploration B.V. (SPEX) in...
The Philippine Electricity Market Corporation (PEMC), the governing body of the Wholesale Electricity Spot Market (WESM), said it is devising a refund scheme on congestion charges collected from Visayas electricity customers. The...
The Department of Energy (DOE) stressed it exercised due diligence and followed existing rules and regulations in the evaluation and approval of the $565-million transaction between Udenna Corporation’s UC Malampaya Philippines Pte....
Senate energy committee chairman Sherwin Gatchalian said the Department of Energy (DOE) “bent rules” instead of protecting the public to approve Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas-to-power...
The launch date for the trading of electricity from ancillary services (AS) or reserve power would be moved to 2022, according to the Independent Electricity Market Operator of the Philippines (IEMOP), which...
The Department of Energy (DOE) has endorsed to the Board of Investments (BOI) a Php2.5 billion investment by Century Peak Energy Corporation to bring in 20,000 electric vehicles into the country. Not...
The government looks to build its own oil reserve in a bid to lessen the country’s dependence on imported oil and thus, exposure to price or supply volatilities. This would be done...
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...
