Geothermal portfolio buoys 2023 earnings of First Gen
First Gen Corp. saw a 4-percent increase in earnings last year, mainly due to the strong performance of its geothermal portfolio.
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First Gen Corp. saw a 4-percent increase in earnings last year, mainly due to the strong performance of its geothermal portfolio.
THE country’s natural gas supply last year stood at 117,372 million standard cubic feet (MMcf), higher than the previous year’s 113,611 MMcf, data from the Department of Energy (DOE) showed.
Citicore Renewable Energy Corp. (CREC) is set to build 660 megawatts (MW) of solar and wind power projects in Pangasinan as part of the company’s goal to achieve five gigawatts (GW) or 5,000 MW of clean energy in five years.
The Energy Regulatory Commission (ERC) has set the new annual limit for installed generating capacity (IGC) for power generation companies (gencos) on a national and per grid basis.
Alternergy Holdings Corp. will begin construction of its Alabat and Tanay wind power projects after it received a Certificate of Confirmation of Commerciality (CoCoC) from the Department of Energy (DOE).
The Manila Electric Company (Meralco) isn’t just about distributing electricity to its residential, commercial and industrial customers, it also offers value added energy solutions and services while addressing the challenges posed by climate change.
Embracing sustainability is no longer a choice; it is already embedded in the power firms’ operations and long-term plans.
THE overall performance of the country’s power grid system has considerably improved compared to when the grid was under government ownership and yet transmission issues have been cited as among the reasons for power outages and lack of investors in the power sector.
Israeli company Ratio Petroleum Ltd. (Ratio), the operator of Petroleum Service Contract (SC) No. 76, is set to conduct a petroleum seismic survey at the East Palawan basin, the Department of Energy (DOE) said Monday.
Alternergy Holdings Corp. (Alternergy) has awarded China Energy Engineering Group Guangdong Electric Power Design Institute Co. Ltd. (GEDI) and GEDI Construction Development Corp. (GCDC) an engineering, procurement and construction (EPC) contract for its Alabat and Tanay wind power projects.
ACEN Corp. and the Manila Electric Co. (Meralco) have agreed on the amount that needs to be recovered in relation to the losses incurred by Ayala Corp.’s energy arm due to a surge in global coal prices back in 2022.
ALSONS Consolidated Resources (ACR) of the Alcantara Group posted a net income of P2.285 billion last year, higher by 22 percent from the P1.875 billion recorded in 2022.
PLDT Inc. will source renewable energy (RE) from ACEN Renewable Energy Solutions (ACEN RES) to energize 33 of the phone giant’s facilities in the Greater Metro Manila.
THE commercial operations of the Retail Competition and Open Access (RCOA) and Green Energy Option Program (GEOP) in Mindanao is set on March 26, the Department of Energy (DOE) said.
HOUSEHOLDS who want to install solar panels in their homes now have another financing option through Security Bank Corp., which recently signed a partnership with Helios Energy Inc., for a solar mortgage program.
ACEN Corp. reported Tuesday a net income of P7.4 billion, 43 percent lower than what it reported in 2022, mainly due to accounting adjustments reflected in the period.
LOCAL pump prices will be slashed on Tuesday morning.
The Department of Energy (DOE) has awarded wind energy service contracts (WESCs) to Mainstream Renewable Power (Mainstream) for the development of two onshore wind projects in Luzon and Visayas.
ACEN Corp. and US-based BrightNight LLC have teamed up again to develop one gigawatt (GW) of renewable energy (RE) projects in the Philippines.
The Manila Electric Co. (Meralco) will enter into a negotiated procurement for 260 megawatts (MW) of peaking capacity after the Bids and Awards Committee for Power Supply Agreements (BAC-PSA) declared another failed competitive auction.
ELECTRICITY rates of the Manila Electric Company (Meralco) will slightly go up this month by P0.0229 per kilowatt hour (kWh), bringing overall rate for a typical household to P11.9397 per kWh this month from P11.9168 per kWh in February.
EEI Power Corp. signed an agreement with Dagupan Doctors Villaflor Memorial Hospital (DDVMH) for the installation of a 145.2-kilowatt peak (kWp) solar photovoltaic (PV) rooftop system in Mayombo District, Dagupan City.
The Manila Electric Co. (Meralco) said generation charge could go down which could result in lower overall power rates for March.
Shell Pilipinas Corp. (SHLPH) recently launched electric vehicle charging stations (EVCS) at three mall locations in partnership with Ortigas Land Corp.
Aboitiz Equity Ventures Inc. (AEV) on Tuesday said its net income last year fell 2 percent to P23.5 billion from the previous year’s P24 billion.
ACEN Australia and Marubeni Asian Power Singapore will jointly develop a 200-megawatt (MW) or 400-MW hour (MWh) battery energy storage system (BESS) in New South Wales, Australia costing AU$250 million.
Petron Corp. ended 2023 with a net income of P10.1 billion, 51 percent more than the P6.7 billion it reported in 2022 on stronger sales.
The Department of Energy (DOE) assured that the power situation in Panay would considerably improve by end of this month.
First Gen-owned Energy Development Corp. (EDC) received three awards at the 20th Philippine Quill Awards.
Meralco PowerGen Corp. (MGen) and Therma NatGas Power Inc. (TNGP) formed a joint venture company to pursue their investment in two gas power plants of San Miguel Global Power Holdings Corp. (SMGP).
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