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News
5 Asean states back PH oil stockpiling plan
6+ day, 13+ hour ago (476+ words) MANILA, Philippines — At least five Southeast Asian countries have committed to pursuing a regional oil stockpiling initiative to cushion the bloc against future oil supply shocks, such as the ongoing crisis triggered by the war in the Middle East. Trade…...
Tropical Hut starts shift to renewable energy
1+ week, 13+ hour ago (229+ words) MANILA, Philippines — The First Gen Group is covering more sectors with its renewable energy, as it clinched a fresh agreement to power Tropical Hut Food Market Inc., one of the country’s oldest fast-food chains. Both parties signed the power supply…...
PH needs $12.6B to reclaim No. 2 geothermal spot—energy chief
1+ week, 3+ day ago (417+ words) MANILA, Philippines —The Philippines needs to attract about $12.6 billion in investments to build 2,100 MW of capacity as it seeks to reclaim its spot as the world’s No. 2 geothermal producer. Speaking to reporters on Thursday, Department of Energy (DOE) Secretary Sharon…...
VisMin consumers brace for power outages on Sept. 3
1+ week, 4+ day ago (178+ words) Inquirer.net VisMin consumers brace for power outages on Sept. 3 Households and businesses in the Visayas and Mindanao must brace for potential brownouts on Thursday, as the grid operator placed the two main islands under red alert for nine hours…...
12 geothermal energy firms seek funding boost
1+ week, 6+ day ago (317+ words) MANILA, Philippines — A total of 12 developers wanting to explore geothermal opportunities in the Philippines may receive financial support through the government’s $170-million derisking facility, an official said. Speaking to reporters last week, Energy Undersecretary Rowena Cristina Guevara said that about…...
Socoteco II-Ignite Power proposed deal unfazed despite protest
2+ week, 5+ hour ago (188+ words) MANILA, Philippines — The proposed joint venture between South Cotabato II Electric Cooperative (Socoteco II) and Ignite Power remains intact despite a recent rally opposing the deal. Groups launched the “Kahayag sa Tanan” rally over the weekend to oppose the proposed…...
BIZ BUZZ: MGEN checks out coal facility prospects
2+ week, 13+ hour ago (505+ words) MANILA, Philippines — The booming power generation arm of tycoon Manuel V. Pangilinan has shown an early interest in a government plan to have the country’s first coal blending terminal. Energy Secretary Sharon Garin’s pitch has indeed landed on Meralco PowerGen…...
Renewables cut power costs by P99B in two years
2+ week, 4+ day ago (338+ words) MANILA, Philippines — Renewable energy projects supported by the feed-in tariff allowance (FIT-All) provided about P99.2 billion in power savings in two years, according to a think tank. Based on an analysis from the Institute for Climate and Sustainable Cities (ICSC), the…...
Aussie-backed firm scouts New Clark City for clean energy projects
2+ week, 6+ day ago (393+ words) MANILA, Philippines — An Australian-backed battery manufacturer is exploring renewable energy and storage projects in New Clark City, which the government is positioning as an emerging hub for advanced technology and clean energy. In a statement on Monday, the Bases Conversion…...
Fuel prices rising anew on Aug. 25
3+ week, 2+ hour ago (117+ words) MANILA, Philippines — Motorists will bear the brunt of higher fuel prices, as local fuel retailers will implement up to a P2.31 per liter increase in petroleum products beginning August 25. READ: Trump says Strait of Hormuz ‘new US territory,’ rules out Iran…...