Consunji power firm posts lower profits
Consunji-led DMCI Power Corp. (DPC) reported a five percent drop in its nine-month income to P324 million because of the expiration of its income tax holiday for its Masbate operations. Electricity...
View ArticleIloilo council moves to reject PECO franchise renewal for overcharging, poor...
The Sangguniang Panlungsod (SP) of Iloilo City wants the national government to take over the electric distribution utility firm here. A resolution was passed during the council’s regular session...
View ArticlePH, Russia sign cooperation deal on nuclear energy
The Department of Energy (DOE) and the Russian Federation State Atomic Energy Corp. (Rosatom) agreed on a nuclear cooperation program under a memorandum of cooperation (MOA) that will initially run for...
View ArticleMarawi power distributor gets P150M loan
The National Electrification Administration (NEA) granted a P150-million loan to Lanao del Sur Electric Cooperative Inc., the electric cooperative providing electricity service to Marawi City, to cover...
View ArticleStrong retail sales boost Pilipinas Shell’s earnings
Strong retail business growth helped Pilipinas Shell Petroleum Corp. register a four percent rise in profits in the first nine months to P6.6 billion. Earnings increased despite two months of planned...
View ArticleSMC pays $4.8 B obligations to PSALM
San Miguel Corp. (SMC) has settled $4.8 billion in various fees to fhe Power Sector Assets and Liabilities Management Corp. (PSALM) to cover its contractual obligations for the management and control...
View ArticleDuterte’s nuclear plan: Cusi signs pact with Russians to reopen US-made BNPP
Department of Energy (DOE) Secretary Alfonso Cusi signed a deal with the Russian Federation State Atomic Energy Corporation (Rosatom) to collaborate on nuclear development during the 12th East Asia...
View ArticleUN climate talks wrap up as US stands firm on fossil fuels
by Mariette le Roux and Catherine Hours UN negotiations on implementing the Paris climate change agreement wrap up Friday after two weeks of talks that were slowed down by the United States defending...
View ArticleGov’t upgrades standards for diesel oil
New standards on automotive diesel oil have been implemented to improve fuel quality and lessen its impact on the environment, the Department of Energy (DOE) said. “The new Philippine standards for...
View ArticleDOE forms task force to investigate oil price hikes
The Department of Energy (DOE) is forming a task force to investigate if there were market abuses during five consecutive weeks of increases in oil prices. DOE Secretary Alfonso Cusi said he has...
View ArticleDOTr, BCDA start review of Gotianun-Gokongwei P839B proposal to develop Clark...
MANILA — The Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) have started its review of the unsolicited proposal submitted by Filinvest Development...
View ArticleAboitiz family scales up renewable energy portfolio
AboitizPower Corp. continues to ramp up its portfolio of generation facilities across the Philippines amid a strong demand for renewable energy. SN AboitizPower (SNAP), a subsidiary of AboitizPower,...
View ArticleConsunji power firms get environmental certification
Sem-Calaca Power Corp. (SCPC) and Southwest Luzon Power Generation Corporation (SLPGC), the power generation subsidiaries of Semirara Mining and Power Corp., received ISO certifications from...
View ArticleTUGS acquires 60 percent of Mindanao energy firm
Tugboat and marine service provider Harbor Star Shipping Services Inc. is acquiring up to 60 percent Astronergy Development Gensan Inc. (ADGI) for $6.3 million. Incorporated in January 2014, ADGI is...
View ArticleGlobal Business Power finalizes deal to acquire 50% of Alsons subsidiary
Global Business Power Corp. and Alsons Consolidated Resources have formally sealed their partnership in Alsons Thermal Energy Corp. GBP is taking a 50 percent stake in ATEC, the holding company for...
View ArticleAboitiz Power unit prepays P2.37B in debt
Aseagas Corp., a wholly-owned subsidiary of Aboitiz Power Corp., has settled P2.37 billion in debt ahead of maturity as part of its strategy to clean up its balance sheet and strengthen its financial...
View ArticlePetroEnergy hits 1 B kWh RE generation milestone
PetroGreen Energy Corp. (PGEC), the renewable energy holding unit of PetroEnergy Resources Corp., reached the one billion generation mark on Dec.2. PGEC’s power production comes from three renewable...
View ArticleAboitiz Power to add 500 MW capacity in 2018
Aboitiz Power Corp. is on track to complete several hydro and base load plants in Luzon, Visayas and Mindanao, which will add 500 megawatts of new generation capacity expected to be commissioned next...
View ArticleGlobal Business Power, Vivant partner for La Union power plant
Vivant Integrated Generation Corp. signed a pre-development agreement with Global Business Power Corp. (GBPC) for a 670 megawatt coal-fired power plant in Luna, La Union. A special purpose vehicle...
View ArticleBicam standoff: House to block Senate’s coal tax hike in TRAIN
Speaker Pantaleon Alvarez today said the House of Representatives would not allow the inclusion of the coal tax in the Tax Reform for Acceleration and Inclusion because it would lead to a spike in...
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