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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.
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.
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.
OIL COMPANIES yesterday announced increases in fuel prices starting today, with gasoline and kerosene prices rising by more than a peso.
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.
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.
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 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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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).
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.
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.
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).
TAIWAN’s trade office said its companies are hoping to bring innovative products to the Philippines via tie-ups with domestic distributors.
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.
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-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.
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.
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.
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.
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.