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Water under the bridge

Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

ERC OKs limited use of LNG for Meralco, FGEN

The Energy Regulatory Commission has allowed First Gas Power Corp. and FPG Corp. to use liquefied natural gas as an alternative fuel supply source for the Sta. Rita and San Lorenzo gas plants “in the case of the occurrence of a fuel supply force majeure event.”.....»»

Category: financeSource:  philstarRelated NewsMar 30th, 2024

MGen, Aboitiz to invest in Chromite Gas Holdings

Pangilinan-led Meralco PowerGen Corp. has partnered with Aboitiz-owned Therma NatGas Power Inc. to invest in Chromite Gas Holdings, as part of a plan to launch the country’s first and most expansive integrated liquefied natural gas facility in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Government urged to develop natural gas industry

Developing the country’s natural gas industry is critical to driving investments that will enhance national energy security, reduce electricity costs and create more jobs for Filipinos, according to the Senate committee on energy technical working group......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Dahil sa monopoly SANIB-PUWERSA NG 3 TYCOONS SIRIT-PRESYO SA KORYENTE — CONSUMERS GROUP

ANG US$3 bilyong kasunduan sa pagitan ng tatlong mga bigating energy firms sa pamamagitan ng paggamit ng natural gas ng mga power plants ay isang malaking banta para sa mga consumer dahil magdudulot ito ng pagtaas sa presyo ng koryente sa pamamagitan ng monopolyo ng liquefied natural gas (LNG) industry. Ayon kay consumer group United ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsMar 11th, 2024

Germany mulling sale of stake in top gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Germany mulling stake sale in major gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Sulaiman retracts statement, clears Jumawan of fraud charge

Sulaiman retracts statement, clears Jumawan of fraud charge.....»»

Category: newsSource:  sunstarRelated NewsMar 12th, 2024

EU country profiting from Russian gas - Bloomberg

Gazprom supplied all of the agreed-upon volumes to Austria under a long-term contract, the outlet says Austria has become a net energy exporter for the first time in twenty years as stable supplies of Russian natural gas allowed it to sell more electricity than it imported, Bloomberg reported this week.  .....»»

Category: newsSource:  philippinetimesRelated NewsFeb 4th, 2024

Pagsasara ng Mt. Apo Natural Park pinalawig pa

PINALAWIG pa ng isang buwan ang pansamantalang pagsasara ng Mt. Apo Natural Park (MANP). The post Pagsasara ng Mt. Apo Natural Park pinalawig pa first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 2nd, 2024

SM Prime, GUNN Co. Ltd. ties waste-to-energy partnership

SM Prime has entered a joint venture with GUUN Co. Ltd (GUUN), with SM Prime holding 70% of the equity of the Philippine joint venture company. GUUN Co. Ltd is headquartered in Yokohama City, Japan, and operates material recovery and recycling facilities, along with environmental solution services. Invited by the government of Cebu in 2014,.....»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 2024

First Gen spots additional RE sites in Nueva Ecija

Lopez-led First Gen Corp. is looking at several areas near its hydroelectric power plant complex in Pantabangan, Nueva Ecija as potential sites for the development of solar and wind farms, as well as a battery energy storage system......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

First Gen income up 4 percent to P15.4 billion in 2023

Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

First Gen to upgrade, expand Casecnan plant

Lopez-led First Gen Corp. is expanding and upgrading the Casecnan hydroelectric power plant after taking over the facility last month......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Casecnan hydro plant turned over to First Gen

Lopez-led First Gen Corp., through its subsidiary Fresh River Lakes Corp., is now officially the owner of the Casecnan Hydroelectric Power Plant in Pantabangan, Nueva Ecija......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

First Gen puts up Jollibee Group’s largest solar panel

The Jollibee Group, through its subsidiary Zenith Foods Corp., has tapped the expertise of First Gen Corp., through Pi Energy Inc., to energize one-third of the food chain’s manufacturing facility with solar-powered electricity......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

First Gen offers P1 million for climate solutions

Students from 29 universities and colleges from around the country have joined a P1-million competition launched by Lopez-led First Gen Corp. for them to develop the best and most innovative ideas and solutions to cut their schools’ carbon footprint......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

Lab Notes | El Niño 2024: another disaster, another government failure

Since disasters always include human components, there is nothing natural about it. Therefore, there is no such thing as a “natural” disaster; there was a human failure somewhere in how social, economic, and political systems were set up. The post Lab Notes | El Niño 2024: another disaster, another government failure appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsApr 21st, 2024

New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

Germany spending billions to replace nuclear power

The EU's largest economy is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend 16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earl.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 12th, 2024