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THE Department of Energy (DoE) has ordered Semirara Mining and Power Corp. (SMPC) to suspend its coal mining activities as a result of the mudflow incident in Semirara Island in Antique province last month, the Consunji-led listed company told the stock exchange on Wednesday.
PRIVATELY owned National Grid Corporation of the Philippines (NGCP) targets to invest up to P463 billion in the next 10 years to improve the country’s power transmission backbone, it said on Wednesday to mark the 10th year of its franchise.
THE Yuchengcos’ energy arm PetroEnergy Resources Corp. said on Tuesday that its renewable energy unit had been awarded by the Energy department a service contract for a wind farm in San Vicente, Palawan.
THE WATER COMPANY of businessman Enrique K. Razon Jr. said on Monday that his joint venture for the Wawa bulk water project had been approved by the government, paving the way for improvement of Metro Manila’s supply.
THE ENERGY DEPARTMENT has released the draft implementing rules and regulations (IRR) for the Murang Kuryente Act, the law that allowed the use of the existing and future government share in the Malampaya gas-to-power project as payment for government debt now shouldered by consumers.
PANAY ELECTRIC CO., INC. (PECO) is not interested in selling its power distribution assets in Iloilo City to the area’s new utility, a company official said on Thursday, citing unresolved legal issues between the two parties and the need for rules on takeovers.
A UNIT of Udenna Corp. has signed a sale and purchase agreement to acquire the 45% stake of Chevron Malampaya LLC in the deepwater gas-to-power project located offshore of northwest Palawan, Udenna Chairman and Chief Executive Officer Dennis A. Uy said in a statement on Wednesday.
PXP Energy Corp. said on Tuesday that it had submitted an unsolicited proposal to the Department of Energy (DoE) for the “strategic development and utilization” of an integrated gas hub at the site of the Malampaya project when Service Contract (SC) No. 38 expires in 2024.
THE Buskowitz group said on Tuesday that Coca-Cola Beverages Philippines, Inc. has partnered with the solar rooftop system provider to install solar panels on two of the bottling company’s facilities with a total capacity of 3.9 megawatts (MW).
PANAY ELECTRIC Co., Inc. (PECO) said Iloilo City’s plan to auction the land on which its electric poles stand is the subject of pending litigation, and that it made an initial property tax payment to a court hearing the dispute.
MAYNILAD Water Services, Inc. on Monday has broken ground on a P10.5-billion sewage treatment plant that is set to become the company’s largest in terms of capacity as it will be able to treat about 205 million liters of wastewater per day.
MANILA Water Co., Inc. reported its net income fell 11% to P4.4 billion as of end-September, saying its performance is still dampened by the impact of the water supply shortage that hit its concession area in Metro Manila’s east zone early this year.
ILOILO CITY will auction off the assets of Panay Electric Co., Inc. (PECO) next month to pay for the distribution utility’s unpaid real estate tax liability and penalties amounting to P106 million since 2006, the city’s mayor said.
MANILA Electric Co. (Meralco) is free to adopt its preferred terms of reference in the competitive bidding for the supply of 1,200 megawatt (MW), but the Energy chief will not approve a process that is different from what he previously suggested.
THE CAPITAL MARKETS Integrity Corp. (CMIC) has placed R&L Investments, Inc. under involuntary suspension as it continues its probe on the stock brokerage that was reportedly forced to stop operating after an employee allegedly stole stocks from the firm worth more than P700 million.
THE GOVERNMENT REGULATOR has assured that the Wawa bulk water supply project is up for final approval, Prime Metroline Infrastructure Holdings, Corp. (Prime Infra), the water company led by businessman Enrique K. Razon Jr., said on Friday.
Shakey’s Pizza Asia Ventures Inc. said third-quarter net profit rose 27.3% to P176.38 million as revenue grew in the double digits, in part after the opening of new stores.
SABANG Renewable Energy Corp. (SREC) is ready to expand the capacity of its minigrid project in Puerto Princesa City, Palawan if the demand for power in the area it is serving increases to a level beyond the capacity of the 2.6 megawatt-peak (MWp) facility that started commercial operations on Thursday.
PETRON CORP. posted a 70% fall in its net income as of September to P3.6 billion largely because of its shrinking refining margins, the company told the stock exchange on Tuesday.
AC ENERGY, Inc. (ACEI), the Ayalas’ energy investment arm, has transferred its right to buy the 20% stake of its partner in a coal-fired power plant in Batangas to its unit handling Philippine operations.
PHILIPPINE NATIONAL Oil Co. (PNOC) is leaving the fate of its exploration and renewable energy subsidiaries to the state agency overseeing government-owned and -controlled corporations (GOCCs), after a lawmaker called for their consolidation with the parent firm.
RAZON-LED Prime Metroline Infrastructure Holdings, Inc. (Prime Infra) warned on Monday that it might not be able to deliver water to Metro Manila as scheduled in 2021 from Wawa dam in Rizal, citing the delay in government approval of the project.
AC ENERGY Philippines, Inc. is buying the stake of an equity investment fund in their 81-megawatt (MW) wind farm in Pagudpud, Ilocos Norte, the listed company told the stock exchange on Monday.
UP TO 32% of electricity users that have been certified as “contestable” and can directly buy power from retail suppliers have yet to register in the retail electricity market, the Philippine Electricity Market Corp. (PEMC) said.
THE ILOILO City government, in a letter addressed to the Office of the President, has raised safety concerns over the alleged inadequately maintained distribution lines owned by Panay Electric Co., Inc. (PECO).
THE GOVERNMENT will present a plan to revive the country’s nuclear energy development program in a meeting next month with the United Nations’ International Atomic Energy Agency (IAEA), Energy Secretary Alfonso G. Cusi said at the handover event of the phase one report of the Integrated Nuclear Infrastructure Review (INIR) mission at the F1 Hotel Manila in Taguig City.
ELECTRIC cooperatives managed to cut their system losses during the first half, allowing them to post a 13% increase in energy sales, the National Electrification Administration (NEA) said on Wednesday.
MANILA Electric Co. (Meralco) will call for bidders to supply 1,200 megawatts (MW) of energy capacity by using one set of terms for new power plants and a different one for existing facilities, going against the suggestion of the Department of Energy (DoE) to open the competitive selection process (CSP) without such distinction, its president said.