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MANILA, Philippines — Yuchengco-led Rizal Green Energy Corporation (RGEC), through its special purpose company, Dagohoy Green Energy Corporation (DGEC), installed the inaugural solar panel array of its 27MWdc Dagohoy Solar Power Project (DSPP) in Barangays San Vicente and Sta. Cruz in Dagohoy, Bohol recently.
MANILA, Philippines — Another big-time oil price rollback is expected during the second week of May.
MANILA, Philippines — It would be best for the Energy Regulatory Commission (ERC) 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.
SP New Energy [SPNEC 1.10, down 2.6%; 92% avgVol] [link], now a Meralco [MER 374.80 unch; 80% avgVol] subsidiary under Manny V. Pangilinan’s chairmanship, confirmed reports that it plans to sell “up to 40% equity stake in the Terra Solar” project. The report quoted MVP as saying that SPNEC was in talks with three to five potential investors, and then quoted an unnamed executive who said that SPNEC would take in “at most” two of those potential foreign investors for a combined 40% stake in Terra Solar. MVP said that they were trying to engineer it so that each foreign partner might take a 20% stake. MVP noted that SPNEC still intends to meet its 2026 energization target.
MANILA, Philippines — The Department of Environment and Natural Resources (DENR) on Tuesday announced a partnership with the country’s three largest conglomerates to protect and conserve the Verde Island Passage (VIP), a move met with concern due to the companies’ gas projects in the area.
MANILA, Philippines — There has been a lot of discussion lately about the Philippines' energy security. It is highly understandable given the country's economic growth rate that currently leads the pack among equally fast-growing ASEAN and Asian economies.
MANILA, Philippines — In separate advisories, oil companies implemented a rollback on pump prices of P0.75 per liter for gasoline, P0.90 for diesel and P1.05 for kerosene.
MANILA, Philippines — An official of the House of Representatives called on the Energy Regulatory Commission (ERC) to elevate to the Supreme Court (SC) a December 2023 Court of Appeals (CA) ruling that could pave the way for higher power rates to the detriment of consumers.