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Power firms support shift from coal to clean energy

Energy companies, environmental groups and consumers on Wednesday welcomed the Department of Energy’s declaration of a moratorium on endorsements for greenfield or new coal power plants......»»

Category: financeSource: thestandard thestandardOct 29th, 2020

Greenpeace: Companies’ coal expansion will block Philippines’ transition to low carbon future

According to the report, coal remains the country’s dominant energy source with a 52.05% share in gross power generation by source in gigawatt hours despite the country’s commitment to move away from fossil fuels and shift to clean renewable energy......»»

Category: newsSource:  philstarRelated NewsNov 22nd, 2019

Pagpundo sa BPI sa coal plant gisaway

Hugot nga gikondinar sa clean energy group Power for People Coalition (P4P) ang pagpondo sa bangko nga iBank of the Philippine Islands (BPI) sa mga coal plant......»»

Category: newsSource:  abanteRelated NewsDec 13th, 2019

Is the world ready to end the coal era and embrace clean energy

But, despite the United Nations calling urgently for an end to fossil fuels, hundreds of new coal-fired power stations are still being built, and hundreds more are in the pipeline. Is the world rea.....»»

Category: newsSource:  manilanewsRelated NewsNov 29th, 2019

More support for renewable power development urged

The Philippine government is being urged to provide more support for renewable energy (RE) development to help meet the country’s capacity goals and requirements for clean energy......»»

Category: financeSource:  philstarRelated NewsSep 7th, 2019

Japan firms keen on Philippines power investments

The Philippines has secured the support of Japan to invest in a power plant with up to 1,000 megawatts (MW) in capacity, Energy Secretary Alfonso Cusi said......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2019

Power firms seek faster OK of coal plant sales agreements

MANILA, Philippines - Power generators urge the Energy Regulatory Commission (ERC) to fast-track the approval of power sales agreements (PSAs) for baseload c.....»»

Category: financeSource:  philstarRelated NewsJul 29th, 2016

Green energy seen at brink of return as top power source in 2040

Green energy’s rise would be a consequence of a drop in oil and coal use over the next 2 decades and massive future investments in renewables......»»

Category: financeSource:  philstarRelated News22 hr. 59 min. ago

AC Energy to ensure coal plants’ reliability

AC Energy, Inc., the power unit of the Ayala Group, will ensure the reliable operations of AA Thermal Inc.’s coal power plants before proceeding with the divestment plan for its remaining stake......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2020

EDC named one of Asia’s Top Sustainability Advocates

Energy Development Corp.’s pursuit to produce 100 percent clean and renewable energy won the Lopez-led geothermal power the honor of being Asia’s Top Sustainability Advocate in the recently concluded 2020 Asia Corporate Excellence and Sustainability Awards......»»

Category: financeSource:  philstarRelated NewsNov 21st, 2020

P4P sa DOE: Uling nagpalala sa kalamidad, ‘wag nang gamitin

Manila, Philippines-Nanawagan nitong Martes ang sustainable energy advocacy group na People for Power Coalition sa Department of Energy na alisin ang uling sa energy mix ng bansa dahil nagpapalala sa natural calamities ang coal-fired plants. Ayon sa P4P, dapat gamitin ng DOE ang idineklara nitong coal moratorium para alisin ang coal-fired power plants sa bansa […] The post P4P sa DOE: Uling nagpalala sa kalamidad, ‘wag nang gamitin appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsNov 17th, 2020

Citicore secures deal to power Bench Tower

Citicore Power Inc. said over the weekend it started supplying clean energy to Bench Tower in Fort Bonifacio, Taguig City on Oct. 26......»»

Category: financeSource:  thestandardRelated NewsNov 3rd, 2020

Citicore, Bench ink deal

Citicore Power Inc. has signed a supply agreement with homegrown clothing brand Bench to provide clean energy to its headquarters in Fort Bonifacio, Taguig City......»»

Category: financeSource:  philstarRelated NewsNov 2nd, 2020

Moratorium on new coal plants to guide investors into RE

The recently declared moratorium on endorsements of new coal power plant projects is seen to guide energy investors into the renewable energy sector, an official of the Department of Energy (DOE) said......»»

Category: financeSource:  philstarRelated NewsNov 1st, 2020

Heftier oil price cut expected next week

Consumers’ pockets will experience heftier cash relief next week as oil prices are anticipated to be on a substantial rollback of P0.75 to P0.90 per liter for gasoline; and P0.80 to P0.90 per liter for diesel. MB file photo. (Mark Balmores) For kerosene, the price of this commodity is also expected for a reduction of P0.65 to P0.75 per liter, based on the initial calculation of the oil firms. Industry players will be implementing these price cuts by Tuesday (November 3); although the dictates of competition may prompt other oil firms to enforce rollbacks ahead of their company rivals to corner patronage of consumers. The price change scene at the domestic pumps is in contrast to what’s happening with the price of liquefied petroleum gas (LPG), a product commonly used in households for cooking, which is rising by P3.20 per kilogram this November. From the leaner price reductions implemented last week, the Department of Energy (DOE) logged that the total year-to-date adjustments in pump prices had been a net decrease of P4.67 per liter for gasoline; P10.26 per liter for diesel; and P13.59 per liter for kerosene. As culled from the energy department’s monitoring, prices have been softening in the Asian market because of sustained low demand; while most refineries are also seen increasing their runs next month following completion of maintenance works in their facilities this October. Globally, what is being watched closely is the ramp up in production of Libya; with experts noting that the more barrels it has been injecting into market could “disrupt the market rebalancing strategy” being pushed by the Organization of the Petroleum Countries (OPEC) and its ally-producers. To note, the OPEC+ alliance has been requiring stricter compliance on the agreed production cuts until December this year, so sagging oil prices could be lifted. “Libya’s additional crude could change the story back to oversupply concerns as crude demand outlook weakens, as the world continues on restrictive measures and lockdowns to contain Covid-19,” the DOE monitoring report has stated. As the Philippines is highly import-dependent market, supply-demand shift developments in the international market could impact on the swing of prices being reflected at the pumps on a weekly basis......»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2020

Solar PH taps local, foreign partners for new projects

Solar Philippines said Thursday it is speeding up the construction of solar power projects with joint venture partners following the Department of Energy’s declaration of a moratorium on new coal plants......»»

Category: financeSource:  thestandardRelated NewsOct 30th, 2020

Energy group supports ban on new coal plants

The Center for Energy, Ecology and Development has welcomed the moratorium on the endorsement of new greenfield coal power plants, but urged for the further phase-out of coal plants in the country to be able to provide cleaner energy sources......»»

Category: newsSource:  philstarRelated NewsOct 28th, 2020

San Miguel to scrap pending coal power plants after gov t ban

As of July, energy department data showed the company’s subsidiaries are eyeing to build coal-fired power plants with cumulative capacity of 3,628 megawatts......»»

Category: financeSource:  philstarRelated NewsOct 28th, 2020

DOE declares moratorium on endorsing coal power plants

Energy Secretary Alfonso Cusi on Tuesday declared a moratorium on endorsements for greenfield or new coal power plants following the periodic assessment of the country’s energy requirements......»»

Category: financeSource:  thestandardRelated NewsOct 27th, 2020

Consumer group backs & lsquo;no-disconnection& rsquo; rules issued by ERC

Consumers led by the Power for People Coalition on Wednesday expressed support to the declaration of the Energy Regulatory Commission extending the “no-disconnection” policy for non-paying customers until the end of the year......»»

Category: financeSource:  thestandardRelated NewsOct 15th, 2020

Two GBP subsidiaries cited for exceptional compliance practices

Global Business Power (GBP) subsidiary, Cebu Energy Development Corporation (CEDC), ranked high on the list of most compliant generators under the coal-fired category by the Philippine Electricity Market Corp. (PEMC). CEDC, with a capacity of 246 MW, placed 6th and garnered an overall compliance rating of 93.92 percent. Meanwhile, GBP subsidiary, Panay Energy Development Corporation […] The post Two GBP subsidiaries cited for exceptional compliance practices appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsOct 15th, 2020