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Energy policy failure

The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over the past two weeks compared to the average 700 MW recorded over the last four years. Of course. What would they expect after officials of the DOE, past and present, did nothing about the inconvenient reality that 50 percent of our operating power plants are over 20 years old and are losing their reliability......»»

Category: financeSource:  philstarRelated NewsApr 24th, 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

EU s largest economy spending billions to replace nuclear power

Germany 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 earlier this week.&nb.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 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

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......»»

Category: newsSource:  sunstarRelated NewsJan 26th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Oil firms to slash pump prices on April 30

Oil firms are set to implement a rollback in pump prices on Tuesday, April 30. .....»»

Category: newsSource:  philstarRelated NewsApr 29th, 2024

She was too sick for a traditional transplant. So she received a pig kidney and a heart pump

She was too sick for a traditional transplant. So she received a pig kidney and a heart pump.....»»

Category: newsSource:  sunstarRelated NewsApr 25th, 2024

Mixed adjustments in pump prices expected during first week of April

Oil companies are anticipated to introduce mixed adjustments in pump prices during the first week of April......»»

Category: newsSource:  philstarRelated NewsMar 29th, 2024

Pump prices up on February 20

After last week’s oil price rollback, oil firms will implement another round of increase in pump prices this week. .....»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Pump price rollback set on February 13

Motorists can allocate more money for flowers or chocolates this Valentine's Day as oil firms will implement a rollback in pump prices on Tuesday......»»

Category: newsSource:  philstarRelated NewsFeb 12th, 2024

Pump prices expected to increase next week

Pump prices are set for another round of increases next week......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

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......»»

Category: newsSource:  philstarRelated NewsApr 18th, 2024

Ayala logistics unit to double cold storage capacity by 2025

AyalaLand Logistics Holdings Corp. is targeting to double its cold storage capacity by next year in support of the promising cold chain sector in the country......»»

Category: newsSource:  philstarRelated NewsApr 25th, 2024

FTI urged to build cold storage facilities for onions

Food Terminal Inc. should consider undertaking a P1.5 billion cold storage program to stock onions and provide farmers with guaranteed market while preventing another runaway in prices, an industry group said......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

Ecija onion farmers get storage facilities

The Department of Agriculture has turned over two onion cold storage facilities to the DA-Central Luzon office in Nueva Ecija......»»

Category: newsSource:  philstarRelated NewsMar 25th, 2024

Google Drive Going Dark Soon?

It seems like the highly popular cloud storage service Google Drive will go dark soon – as in dark mode, for its web version so people who are on the dark side can enjoy their favorite cloud storage platform without squinting their eyes. The report comes from a post from 9to5google, as they’ve received a […].....»»

Category: newsSource:  metrocebuRelated NewsMar 21st, 2024

12,000-pallet cold storage breaks ground in Panabo

A 12,000-pallet cold storage facility will soon rise on a 63-hectare lot at Anflo Industrial Estate in Panabo City, Davao del Norte......»»

Category: newsSource:  sunstarRelated NewsMar 13th, 2024