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NGCP, ECCP sign deal to advance renewable energy development
In a landmark move toward fostering innovation and sustainability in the energy landscape of the country, the National Grid Corp. of the Philippines and the European Chamber of Commerce of the Philippines have inked an agreement to formalize their commitment to mutually advocate the utilization of renewable energy resources in the Philippines to increase the country’s power supply and energy generation......»»
Japan, Philippines reaffirm ties for maritime security
Japan, through its parliamentary vice minister for foreign affairs Masahiro Komura, has again reassured the Philippines of its commitment to a continuing strategic partnership......»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
Landmark power joint venture to cost $3.3 billion
Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»
Philippines Job Market Records a 10% Surge in Annual Hiring: foundit Insights Tracker
foundit (formerly Monster APAC & ME), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for December 2023, formerly published as Monster Employment Index (MEI). According to the Philippines Fit report, there was a (10%) increase in the annual hiring activity from December 2022 to December 2023. The index reached 128 […].....»»
New Zealand commits 25 mln USD for ADB s energy transition mechanism
MANILA, April 19 (Xinhua) -- The Asian Development Bank (ADB) on Friday said that New Zealand has committed 25 million U.S. dollars to the ADB Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia. The commitment was made by New Zealand Prime Minister Christopher Luxon during his two-day official visit to the Philippines. "We ar.....»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
Philippines, Indonesia seek to strengthen cooperation for energy security
MANILA, Jan. 10 (Xinhua) -- The Philippines and Indonesia on Wednesday agreed to strengthen energy cooperation to safeguard energy security. Energy ministers of the two countries signed a memorandum of understanding (MOU) on energy cooperation at the presidential palace in Manila, where Indonesian President Joko Widodo was received by his Philippine counterpart Ferdinand Romualdez Marcos. Widodo arrived i.....»»
PetroWind supplies power to Panay
PetroWind Energy Inc., a joint venture between Yuchengco-led PetroGreen Energy Corp., EEI Power Corp. and BCPG Public Co. Ltd. of Thailand, continues to ramp up its clean energy projects......»»
Data centers urged to cut power consumption
Energy management and digital automation firm Schneider Electric is urging Philippine data centers to use the “green approach” as part of smart and sustainable solutions to lessen energy consumption......»»
Local execs reaffirm support for activities of Army engineering unit
Local officials reassured support for the development initiatives of the 549th Engineering Combat Battalion on Saturday, a day after its new commander assumed leadership of the unit, involved in rehabilitation projects in conflict-stricken Moro-dominated towns......»»
‘Philippines needs more distributed, adaptable power generation’
Manila-based climate and energy policy group Institute for Climate and Sustainable Cities has underscored the immediate need for increased distribution and adaptable power generation in the country in light of the recent blackouts in Panay.....»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
Holcim allots P2 billion for co-processing, RE shift
Cement maker Holcim Philippines Inc. is spending P2 billion over the next three years for co-processing and shifting to renewable energy in line with its commitment for sustainable manufacturing operations......»»
CARD RBI offers solar loans to combat rising power costs
For the bank, this solar loan program further defines their commitment to creating a brighter, sustainable future for everyone......»»
NEWS BRIEFS | 27 February 2024
Energy exploration in BARMM opened for bidding The Department of Energy has opened four areas in the Bangsamoro Autonomous Region in Muslim Mindanao for exploration, development, and production of indigenous energy sources. Energy Undersecretary Alessandro Sales said coal exploration marked as “PDA-BC-1” covering 14,856 hectares in Kapai and Tagoloan towns in Lanao del Sur is […].....»»
Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project
I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages
Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»