Citing the steady decline in the Malampaya gas field’s reserves and lack of investments in exploration, global market research firm Fitch Solutions issued a “bleak” outlook for the Philippines’ upstream energy sector....
Aboitiz Power Corporation said that it aims to commence commercial operations of two battery energy storage systems (BESS) in Davao de Oro and Isabela with a total capacity of 69 megawatts (MW)...
The 1,200-megawatt Ilijan gas-fired power plant’s build-operate-transfer (BOT) contract will expire in June next year, but the Power Sector Assets and Liabilities Management Corporation (PSALM) noted that there is no definitive plan...
The Department of Energy (DOE) is re-calculating the cost impact of the Malampaya gas field’s preventive maintenance shutdown this October to also account for the effects of the rising peso-dollar exchange rate...
AC Energy (ACEN) plans to build a 1,200-megawatt (MW) dual-fuel power plant in Batangas City, which aims to provide the Luzon Grid’s mid-merit and peaking requirements. The project, which would house six...
The Department of Energy (DOE) is preparing for the impending shutdown of the Malampaya gas field this October, which is expected to trigger a hike in electricity rates. Given this, the agency...
Government-owned PNOC-Exploration Corporation (PNOC-EC) will decide in October on whether to give its consent to the Udenna Group’s purchase of Shell’s 45% stake in the Malampaya gas-to-power project. Based on a Manila...
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...
SMC Global Power Holdings’ (SMCGP) coal-dropping moves continue, as it plans to transform its 300-megawatt (MW) coal plant in San Carlos City, Negros Occidental to a gas-fired facility. San Miguel Corporation’s (SMC)...
A consumer group has reminded Energy Sec. Alfonso Cusi that he is being paid taxpayer money and thus, should focus on electricity rates and the power situation which it says has worsened...
