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ERC urged to defer power rate hikes

It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»

Category: newsSource:  philstarRelated News17 hr. 0 min. ago

SEC streamlines capital raising for power firms

he Securities and Exchange Commission has streamlined the registration process for capital raising of power generation companies and distribution utilities, in support of the public offering mandate stipulated in the Electric Power Industry Reform Act of 2001......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Ambitious timeline set for nuclear energy development

The clock is ticking for the Philippines to start its nuclear power industry, with the government setting sights on an ambitious and aggressive timeline that will see the construction of a new nuclear power plant in the country commencing in four years’ time......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

P10K supply allowance ng mga guro malapit na

Malapit nang maging batas ang panukala para itaas sa P10,000 ang supply allowance ng mga guro sa pampublikong eskuwelahan. The post P10K supply allowance ng mga guro malapit na first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 7th, 2024

Philippines accuses Chinese coastguard of firing water cannons at supply boats

Manila [Philippines], March 23 (ANI): The Philippines has accused China's coastguard of firing water cannons at one of its supply boats in South China Sea, Al Jazeera reported. The Armed Forces of the Philippines said that BRP Cabra managed to manoeuvre and reach Unaizah May 4 to provide assistance to the Philippine supply boat, which had sustained "significant damage."According to the Philippine military, the confrontati.....»»

Category: newsSource:  inquirerRelated NewsMar 25th, 2024

Philippines accuses Chinese coastguard of firing water cannons at supply boats

Manila [Philippines], March 23 (ANI): The Philippines has accused China's coastguard of firing water cannons at one of its supply boats in South China Sea, Al Jazeera reported. The Armed Forces of the Philippines said that BRP Cabra managed to manoeuvre and reach Unaizah May 4 to provide assistance to the Philippine supply boat, which had sustained "significant damage."According to the Philippine military, the confrontati.....»»

Category: newsSource:  manilanewsRelated NewsMar 24th, 2024

Nuclear energy is safe, DOE says

Given historical adversities involving nuclear power plants across the world, the Department of Energy has assured the public of careful planning for the use of nuclear energy in the Philippines......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Alerts raised on Visayas, Luzon grids due to power woes

MANILA, Philippines — The Visayas grid was placed on yellow alert while the Luzon grid on red alert by the National Grid Corp. of the Philippines (NGCP) on Tuesday, April 16. This was after 42 power plants either stopped supplying electricity or reduced their output. When power supply is insufficient to meet consumer demand then.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsJan 29th, 2024

NGCP not solely to blame for Panay blackout – Chiz

The National Grid Corp. of the Philippines is not solely to blame for the Panay power outage, Sen. Francis Escudero said, adding that power plants also failed in ensuring the island’s power supply......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

AboitizPower eyes additional 1200 MW of renewable energy

Aboitiz Power Corp. is planning to develop mostly solar and wind power plants in the country as part of efforts to boost its renewable energy portfolio to about 1200 megawatts......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

DOE monitoring power situation amid El Niño

Following the Philippine Atmospheric, Geophysical and Astronomical Services Administration’s recent declaration that the warm and dry season has begun, the Department of Energy (DOE) said the country’s power situation is currently being monitored to ensure energy security......»»

Category: newsSource:  philstarRelated NewsMar 25th, 2024

Investor interest in power gaining steam – Lotilla

Investor interest in the country’s power sector, particularly in the renewable energy space, continues to gain steam, according to the Department of Energy......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

Philippines investment board awards green lane for solar power project

MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Philippines investment board awards green lane for solar power project

MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»

Category: newsSource:  inquirerRelated NewsJan 30th, 2024

DOE eyes AI use in power sector

The Department of Energy is looking at the use of artificial intelligence to help bolster the power sector’s capabilities in resolving and preventing problems such as power plant outages......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Power rates expected to rise because of El Niño

DAVAO CITY (MindaNews / 17 January)—Expect possible increasing power rates throughout the year amid the anticipated El Niño phenomenon in the country, an official from the Department of Energy (DOE)-Mindanao said. Engr. Darwin P. Galang, DOE-Mindanao senior science research specialist, said the anticipated increasing power rates can be possibly El Niño-related, with 26 percent of […].....»»

Category: newsSource:  mindanewsRelated NewsJan 19th, 2024

ACEN secures certification for WESM trading standards

ACEN, the Ayala Group’s listed energy platform, has received full compliance certification from Australian advisory firm Intelligent Energy System –  the first  among Philippine firms – for its adherence to the standards of the Wholesale Electricity Spot Market......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024