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AC Energy looking to venture into gas-fired power, energy storage

AC ENERGY, Inc. is looking to explore opportunities in gas-fired power generation and energy storage as it sees these resources as complementing renewable energy projects by 2025, its top official said.

Energy dep’t taking stock of Saudi oil attack’s impact

THE DEPARTMENT of Energy (DoE) on Monday downplayed the impact of the attack on Saudi Arabia’s oil production sites on Saturday, saying it was “premature” to speculate on its effect on local petroleum prices even as television reports quoted department and industry sources as projecting a potential P3-5 hike in pump prices.

US state seeking to grow Asian, European markets for LNG

BATON ROUGE, LOUISIANA -- Louisiana Economic Development (LED), a development agency, is looking to Asia and Europe as the main destinations for the US state’s natural gas in the coming years.

Prices of petroleum products to go up starting Tuesday

OIL COMPANIES yesterday announced increases in fuel prices starting today, with gasoline and kerosene prices rising by more than a peso.

Philippines advised to further diversify its energy sources

AUSTIN, TEXAS -- Over-reliance on one type of energy or dependence on one country as an energy source is a threat to national security, an official of the US Department of State said here, as he pointed to alternative models of resource development that the Philippines can adopt.

Energy efficiency seen playing bigger role in future power usage

AUSTIN, TEXAS -- Energy efficiency measures or economic activities that aim to reduce the amount of energy required to provide the same amount of benefit or service will play an important role in the generation mix even as their present share remains minimal.

NPC initiates proceedings against 3 online lending firms

THE National Privacy Commission (NPC) has found three online lending firms to have violated the privacy of persons who were allegedly shamed publicly, including maliciously disclosing the private information of borrowers.

Del Monte Pacific recurring earnings post first-quarter turnaround

Del Monte Pacific Ltd. (DMPL) said recurring first-quarter net income attributable to the company’s owners was $4.15 million, reversing losses amounting to $3.73 million a year earlier.

PCC monitors impact of safeguard duty on cement

THE Philippine Competition Commission (PCC) is monitoring the impact of the safeguard duty imposed on imported cement on the prices of consumer products, its top official said.

Power market testing trading systems ahead of Mindanao WESM

THE power market operator is conducting parallel operations of its old and new trading software as it expects the wholesale electricity spot market (WESM) in Mindanao to start operating once the other participating entities are ready.

First Gen looking to expand reach of FSRU to Visayas, Mindanao

FIRST GEN Corp. is looking to expand the reach of its planned floating storage regasification unit (FSRU) for natural gas to the provinces, including those in the Visayas and Mindanao, a company official said on Wednesday.

PSALM seeks ERC help collecting P216M from distributors, companies

THE Power Sector Assets and Liabilities Management Corp. (PSALM) has asked the Energy Regulatory Commission (ERC) to resolve the pending cases involving the collection of unpaid dues amounting to P216 million from power distribution companies and industries.

DTI slaps higher duties on imported cement

THE Department of Trade and Industry (DTI) has ordered the imposition of definitive general safeguard duty on imported cement for three years to prevent the “threat of serious injury” on local cement products.

SPEx seeks DoE meeting on exploration contract

THE consortium behind the Malampaya natural gas discovery that powers about a third of Luzon’s energy requirement intends to go back to the Energy department to discuss its request to extend its exploration contract, an official of the group said.

Alsons short-lists EPC bidders for Zamboanga coal-fired plant

THE power group of Alsons Consolidated Resources, Inc. said on Tuesday it has short-listed two China-based companies to handle the engineering, procurement and construction (EPC) of the 105-megawatt (MW) San Ramon Power, Inc. (SRPI) coal-fired power plant in Talisayan, Zamboanga City.

First Gen picks Japanese firm as EPC contractor for LNG terminal

FIRST GEN Corp. has chosen Japan’s JGC Corp. to handle the engineering, procurement and construction (EPC) of its liquefied natural gas (LNG) terminal project in Batangas City, the Lopez-led company said on Monday.

DoE backs FiT rate extension for small river hydro projects

THE Energy department is supporting the extension of the feed-in tariff (FiT) rate for small hydroelectric power projects until developers have fully taken up all the capacity that the agency has offered for the renewable resource, an official handling the matter said.

Oil companies to cut petroleum prices

OIL COMPANIES are cutting the prices of petroleum products for the second straight week on Tuesday, according to separate advisories.

European businessmen found less keen on PHL FTA

ENTHUSIASM from businesses on a free trade agreement (FTA) between the European Union (EU) and the Philippines has waned since talks have stalled, a new survey said, although many still see the deal as important.

Renewable energy plan under review as share of clean sources declines

RENEWABLE energy’s dwindling share in the country’s mix of power sources has prompted the government to review its program that was meant to help ensure energy security and improve access to clean energy, an official said.

Group warns of higher water rates

A SUPREME Court (SC) ruling that forces Metro Manila’s two water concessionaires to finish their sewerage projects in five years instead of 2037 -- the end of their contract -- could raise water rates by P12 to P16 a cubic meter, an advocacy group said on Sunday.

DoE issues fresh ‘open access’ guidelines

A CIRCULAR of the Department of Energy (DoE) that gives retail electricity users a choice of suppliers has taken effect, prodding the retail competition and open access (RCOA) scheme forward.

Energy efficiency sector wants to be classed as infrastructure

THE PHILIPPINES should start viewing energy efficiency as a new infrastructure asset class that the government can use as an added resource in planning its energy mix, or the ideal combination of resources to support its power requirements.

ERC approves Meralco’s withdrawal of 3 PSAs

THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) application to withdraw its power supply agreements (PSA) with three power generating companies after the Supreme Court ordered them to first go through competitive bidding before forging the deals.

DoE not ruling out single entity bidding for entire 2,000 MW...

THE Department of Energy (DoE) will allow single entities to bid for the entire 2,000 megawatts (MW) of renewable energy capacity that it plans to auction in order to encourage the development of clean power sources, an official said.

Manila Water secures P14.5-billion loan facility from Bank of China

MANILA WATER Co., Inc. said on Tuesday that it had signed a 250-million euro (around P14.5 billion), seven-year term loan facility with two foreign banks to fund its capital investment program within its water concession in Metro Manila’s east zone.

ERC, DoE seeking to harmonize competitive selection rules

THE Energy Regulatory Commission (ERC) has asked the Department of Energy (DoE) for its comment on the draft guidelines for the competitive selection process (CSP) and whether its proposed rules do not contravene the circular earlier issued by the policy-maker.

DoE tells budget hearing it is not ruling out nuclear power

THE Energy secretary said Tuesday that his department is not ruling out the use of nuclear power “as an option,” days after his officials announced that a survey firm has been tapped to examine Filipino attitudes on the energy source.

Energy dep’t readies circular phasing out missionary electrification charge

THE DEPARTMENT of Energy (DoE) is set to issue a circular that will phase out the collection of charges from electricity consumers to subsidize missionary electrification, an official said.

DoE seeking comment on penalties for WESM violations

THE power industry has until Sept. 6 to comment on a draft circular from the Department of Energy (DoE) providing a “penalty manual” for participants in the wholesale electricity spot market (WESM).

P.10/L drop on gasoline, diesel

OIL COMPANIES are rolling back the prices of gasoline and diesel products this week, both by P0.10 per liter (/L) while increasing by the same amount the cost of kerosene.

Initial exploration of ‘Area 7’ to need up to $2M

THE Philodrill Corp. and PXP Energy expect a “firm” investment commitment of between $1 million and $2 million for the initial stage of their partnership to explore Sulu Sea Basin or “Area 7” of the 14 pre-determined areas offered by the Energy department for prospective investors.

MWSS expects to complete Quezon consultations next month for Kaliwa Dam

METROPOLITAN Waterworks and Sewerage System (MWSS) expects to complete next month the required assemblies with indigenous communities of Quezon province, ahead of the other requirements for the construction of Kaliwa Dam.

Corporate regulator cracks down on ‘unfair debt collection practices’ by financing,...

FINANCING AND LENDING companies that resort to “unfair” collection practices, including use of violence, face hefty fines or revocation of permit to operate under new rules issued by the Securities and Exchange Commission (SEC).

SMC registers P10 billion fixed-rate bond issue

SAN MIGUEL Corp. (SMC) said Friday that it registered with the Securities and Exchange Commission a planned issue of P10 billion in fixed-rate bonds, the proceeds of which could help redeem a preferred share issue.

AboitizPower unit buys Vietnam wind power company

ABOITIZ Power Corp. said Friday that a unit signed a deal to buy for around $46 million a Vietnamese company with a 39.4-megawatt (MW) onshore wind power facility.

DPC income up 10% in 1st half

DMCI Power Corp. (DPC) reported a 10% increase in first-half income to P234 million, the parent firm of the Consunji-led off-grid power generation company said, after it recorded double-digit growth in sales.

Taiwan firms keen to strike up distribution deals with local firms

TAIWAN’s trade office said its companies are hoping to bring innovative products to the Philippines via tie-ups with domestic distributors.

PHL, Germany agree to set up Joint Economic Commission

THE Philippines and Germany have signed a joint declaration of intent to set up a Joint Economic Commission (JEC), a platform for expanding bilateral trade and investments, a German chamber of commerce official said.

Romblon solar facility to start operations in Sept.

SUWECO Tablas Energy Corp. (STEC) expects its P550-million solar power plant in Tablas Island, Romblon to start commercial operations by September, the company said as it launched on Wednesday a hybrid solar-diesel microgrid with a battery facility.

Coal to remain dominant energy source for PHL — Fitch Solutions

COAL-FIRED power plants will remain the country’s dominant energy source in the coming decade, making up more than half of the capacity mix, results of a new research show.

Renewables board seeks FiT extension for small hydro projects

THE National Renewable Energy Board (NREB) wants the granting of the feed-in tariff (FiT) or the subsidized rates for the energy produced by small hydroelectric power plants to be extended until the middle of next year when pending projects are completed.

BoI approves 24% more committed investments in seven months to July

THE BOARD of Investments (BoI) approved 24% more committed investments at P312.8 billion in the seven months to July, with majority of the inflows going outside Metro Manila, the agency said on Tuesday.

MWSS says Kaliwa dam project lacking only environmental clearance from DENR

THE Metropolitan Waterworks and Sewerage System (MWSS) said Tuesday that it submitted all but one of the required documents for its loan agreement with China to build Kaliwa dam.

Senate panel may steer microgrid investors towards renewables

THE Senate Committee on Energy is proposing to add provisions to current microgrid legislation requiring investors in these independent energy systems to choose more renewables to supply their customers.