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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 […].....»»
SMC ramping up clean energy investments
Diversified conglomerate San Miguel Corp. is poised to amplify its investment in clean energy to support the growing power requirements of the country......»»
Bangsamoro dangles coal, oil investments
The Department of Energy is bidding out four pre-determined areas or coal and petroleum exploration in the Bangsamoro Autonomous Region in Muslim Mindanao (B.....»»
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 […].....»»
$41m to support clean energy in South East Asia
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM).Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced the initia.....»»
New Zealand commits $25 million for ADB’s energy transition program
New Zealand is providing $25 million to support a program being implemented by the Asian Development Bank (ADB) to help Southeast Asian countries shift to clean energy......»»
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.....»»
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......»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Early retirement of coal plants to significantly cut CO2 emissions
The early retirement of coal supply agreements in the Philippines is expected to significantly reduce carbon dioxide emissions, aligning the country with the objectives of the Paris Agreement......»»
Tell it to SunStar: Common myths about clean energy transition in the Philippines
Tell it to SunStar: Common myths about clean energy transition in the Philippines.....»»
DTI, UNSC partner to secure PH s clean energy transition
DTI, UNSC partner to secure PH s clean energy transition.....»»
Alliance Global taps Meralco’s MPower for clean energy
The local retail electricity supplier of Manila Electric Co.is set to supply clean energy to Alliance Global Group Inc. of tycoon Andrew Tan......»»
Jollibee ramps up shift to renewable energy
The Jollibee Group is ramping up its sustainability efforts this year with plans to bolster further the shift of its stores and manufacturing facilities to renewable energy......»»
Albay eyes 100 percent RE shift by 2030
The province of Albay in the Bicol Region said it plans to shift to 100 percent renewable energy by 2030 to address power outages during extreme weather events......»»
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......»»
Semirara income drops 30% to P27.9 billion
Lower prices of coal and power rates dragged the net income of Semirara Mining and Power Corp. by 30 percent to P27.9 billion in 2023 from P39.9 billion in 2022......»»
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......»»
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......»»