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WATER RATES in Metro Manila are the lowest compared to other metropolitan cities in the Philippines and among the lowest compared with other cities in the Asia-Pacific region, figures mostly culled from a state agency show.
THE power group of Alsons Consolidated Resources, Inc. (ACR) has started the construction of its 14.5-megawatt (MW) run-of-river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani province, it said on Sunday.
PILIPINAS Shell Petroleum Corp. (PSPC) said on Friday that its oil refinery in Batangas province continues to operate safely while its retail stations serve as emergency response sites while Taal Volcano is erupting.
AC Energy Philippines, Inc. is investing up to P1.86 billion in a company that is developing a 120-megawatt (MW) solar farm in Laguna, the Ayalas’ energy arm in the country told the stock exchange on Tuesday.
PRIVATELY owned National Grid Corporation of the Philippines (NGCP) said on Tuesday that it had lined up at least four power transmission interconnection projects to add to those nearing completion, including the P 51.7-billion Mindanao-Visayas Interconnection Project that is scheduled to be finished in December 2020.
CHINA International Mining Petroleum Co. Ltd. (CIMP), a unit of a Hong Kong-listed company, has tapped a contractor to start drilling six production wells in an oilfield up in the mountains of Alegria town in Cebu.
PRESIDENT Rodrigo R. Duterte is offering new contracts to Metro Manila’s two water concessionaires, but warned the government will take over water distribution services and pursue charges against Manila Water Co., Inc. and Maynilad Water Services, Inc. should they reject the new terms and conditions.
THE Singapore High Court has dismissed the petition of Bloomberry Resorts Corp.’s (BRC) subsidiaries to set aside the enforcement of the partial award given by an arbitration tribunal in favor of companies whose management contract was terminated.
METRO MANILA’S west zone water concessionaire Maynilad Water Services, Inc. said its non-revenue water management (NRW) program has recovered 979 million liters per day (MLD) since its launch in 2008, the company said in a statement on Sunday.
ABOITIZ Equity Ventures, Inc. (AEV) is planning to issue dollar-denominated senior unsecured notes “subject to market conditions,” the holding said on Friday as one of its units appointed financial institutions to arrange events for investors on the proposed offering.
FIRST Philippine Holdings Corp. (FPH) said on Friday that it intends to ask within the day the Court of Tax Appeals (CTA) to reconsider its decision that granted in part the Lopez-led firm’s petition for review to protest a tax assessment of around P1.5 billion.
PETRON CORP., the country’s largest oil refiner, said on Friday that it had rolled out fuel marking at its refinery in Bataan and its import facility in Misamis Oriental to support the government’s efforts to curb smuggling.
PEAK POWER DEMAND in the Visayas and Mindanao may have moved towards the dry months -- when Luzon usually marks its biggest usage each year -- the Department of Energy said, as it prepares for the possibility that all three island groups will require more electricity at the same time.
ABOITIZ Power Corp. has signed up the country’s largest electric cooperative to 3 megawatts (MW) of power supply, adding the Batangas distribution utility to the list of customers under its clean energy brand.
THE Department of Energy (DoE) has issued a circular that will require half of the supply contracted as reserve power to be on a “firm” basis in which the grid operator has a binding agreement to source its requirement from a power generation plant.
THE Department of Energy (DoE) has warned holders of renewable energy (RE) certificates not to hold on these tradable instruments once the trading market starts to operate next year as their life is limited only to three years.
THE GOVERNMENT’s move to revoke the extension of its agreement with the country’s largest water concessionaires Manila Water Co., Inc. and Maynilad Water Services, Inc. shows the “high regulatory risk” faced by the private sector in contracting with the state, a UK-based research firm said on Monday.
SHAREHOLDERS of Synergy Grid & Development Phils., Inc. (SGP) have approved the increase in the company’s authorized capital stock to P5.05 billion ahead of a share-swap deal that will pave the way for the listed company to own the controlling shares in the Filipino entities that run the National Grid Corporation of the Philippines (NGCP).
A CONSORTIUM of potential users of liquefied natural gas (LNG) fronted by Lucio C. Tan’s conglomerate is asking the Department of Energy (DoE) to issue a notice to proceed with their proposed floating LNG storage facility.
THE ADMINISTRATOR of the Metropolitan Waterworks and Sewerage System (MWSS) said on Friday that it had given the country’s two largest water concessionaires a chance to renegotiate new terms of their contract with the government, ending speculation on their fate while clarifying issues that have arisen since Dec. 3.
PHINMA Corp. said Friday that its education subsidiary acquired a controlling stake in The Republican College, Inc. and made new investments in the acquisition to buy “essential” properties.
BIOMASS power plant developers have turned to the National Renewable Energy Board (NREB) for support in view of the move from the Energy Regulatory Commission (ERC) to review the feed-in tariff (FiT) rate for energy produced by biomass facilities.
THE exploration unit of state-led Philippine National Oil Co. (PNOC) is exercising its right to acquire 10% of the shares being sold by one of its partners in the offshore Malampaya gas-to-power project, the Energy department’s top official said.
SN Aboitiz Power is planning to venture into ground-mounted solar power plants to add to its portfolio of energy sources, which are mostly large hydroelectric power plants, the company’s president said.
MANILA WATER COMPANY, Inc. took a beating at the stock market on Tuesday and fell by 35.76% to slip below its debut price as the concessionaire for Metro Manila’s east zone faced an uncertain future after the government moved for a review of supposed onerous terms in its contract.
PHOENIX Petroleum Philippines, Inc. and CNOOC Gas and Power Group Co., Ltd. have asked the Department of Energy (DoE) to suspend its proposal to build a liquefied natural gas (LNG) import terminal in the country, government officials said on Tuesday.
CONSUNJI-LED DMCI Power Corp. is conducting testing and commissioning of its 15-megawatt (MW) coal-fired power plant in Masbate to replace its existing facility in the off-grid island in Bicol that runs on diesel fuel.
ABOITIZ POWER CORP. said Monday that its subsidiary Luzon Hydro Corp. (LHC) had filed another petition to stop the Municipality of Alilem, Ilocos Sur from auctioning off its real properties.
MAYNILAD WATER Services, Inc. risks financial difficulty should its creditors simultaneously demand payment of loans totaling some P42 billion due to a “material change” in its contract with the government, which has revoked extension of the water concession beyond 2022.
LEGISLATORS need to decide on continued subsidies for off-grid power generation and distribution systems under the proposed microgrid law, the head of the Philippine Solar and Storage Energy Alliance said.
MANILA WATER Company, Inc. and Maynilad Water Services, Inc. called on the National Water Resources Board (NWRB) to maintain the minimum allocation to the concessionaires at 40 cubic meters per second (CMS) until the summer months to allow them to maintain their level of service to their customers.
METRO MANILA’S two water providers warned of the implication of the government’s move to revoke the extension of their concession, which they learned only on Wednesday morning, while a foreign business group and an economist said the wider impact on investor confidence bears watching.
CHINA ENERGY Engineering Co. Ltd. has been issued last month a notice to proceed with the preparatory work for the construction of the P12.2-billion Kaliwa dam that is planned to be Metro Manila’s new water source, an official of the Metropolitan Waterworks and Sewerage System (MWSS) said on Wednesday.
METRO MANILA’S water service concessionaires on Tuesday said they have decided not to increase rates in January, as otherwise scheduled, and not to pursue awards they won at international arbitration courts, a week after President Rodrigo R. Duterte said their concession deals disadvantaged the government.