By Lenie Lectura – November 15, 2017 from Business Mirror The Department of Energy (DOE) and the Russian Federation State Atomic Energy Corp. (Rosatom) have inked a cooperation deal aimed at exploring the development of nuclear energy in the country. “The cooperation with Russia is part of the government’s intention to develop a variety of applications of nuclear energy that are within our policies, particularly for power generation,” Energy Secretary Alfonso G. Cusi said. The parties signed a memorandum of […]

By Alena Mae S. Flores – November 13, 2017 at 07:57 am from manilastandard.net San Bernardino Ocean Power Corp., a joint venture between local company H&WB Asia Pacific (Pte. Ltd.) Corp. and Sabella SAS of France, expressed optimism that it will launch the country’s first tidal project in San Bernardino Strait following the successful public consultation in October. SBOPC is a special purpose company that explores and develops the Philippines’ vast ocean energy resource, deploying tidal in-stream energy conversion, or […]

By Alena Mae S. Flores – November 16, 2017 at 07:40 pm From manilastandard.net San Miguel Corp. said unit South Premiere Power Corp. paid state-owned Power Sector Assets and Liabilities Management Corp. a total of $4.8 billion in various fees as of October as the administrator of the 1,200-megawatt Ilijan power plant. San Miguel said it issued the statement to dispute PSALM’s allegation that it was not paying its obligations to the government. “This is clear proof that we religiously […]

By Alena Mae S. Flores – November 19, 2017 at 08:17 pm from manilastandard.net Aboitiz Power Corp. is expanding its hydro power generation portfolio around the Philippines, with new projects with a combined capacity of 97 megawatts in various stages of development. Aboitiz Power president and chief operating officer Antonio Moraza said in a statement the company’s expansion of renewable energy portfolio was in line with a balanced mix growth strategy. “We never stop looking for ways to maximize productions […]

By Lenie Lectura – November 20, 2017 from Business Mirror The Senate Committee on Energy is urging the Energy Regulatory Commission (ERC) and the Philippine Competition Commission (PCC) to clearly define their respective roles involving competition matters in the energy sector. Committee Chairman Sen. Sherwin T. Gatchalian said there has to be a clear delineation of powers between the two. The Electric Power Industry Reform Act (Epira), the lawmaker said, gives ERC the power to enforce safeguards and promulgate rules […]

By Lenie Lectura – November 21, 2017 from Business Mirror A lawmaker has expressed concern over the looming possibility of reviving the Bataan Nuclear Power Plant (BNPP), saying the mothballed power facility has “no place in the future of Philippine nuclear energy.” Sen. Sherwin T. Gatchalian, also the chairman of the Senate Committee on Energy, said he welcomes the cooperation deal between the Department of Energy (DOE) and the Russian Federation State Atomic Energy Corp. (Rosatom). Last week the DOE […]

By Lenie Lectura – November 21, 2017 from Business Mirror A proposed Department of Energy (DOE) policy meant to ensure that energy-related facilities are resilient enough to continue providing power in case of disasters will entail additional investments on industry players, the Manila Electric Co. (Meralco) told the agency. Meralco, in a comment submitted to the agency, said the adoption of resiliency measures will require additional capital expenditures (capex) and operational expenditures (opex). As such, distribution utilities (DUs), such as […]

By Lenie Lectura – October 26, 2017 from Business Mirror In a bid to fully implement a Malacañang-issued policy meant to fast-track the approval of energy projects, the Department of Energy (DOE) moved to designate agency officials to the Energy Investment Coordinating Council (EICC). The EICC will be led by the DOE, which will spearhead and coordinate national government efforts to harmonize, integrate and streamline regulatory processes, requirements and forms relevant to the development of energy investments in the country, […]

By Danessa Rivera – October 28, 2017 – 12:00am from Philstar MANILA, Philippines — Power distributor Manila Electric Co. (Meralco) is looking to slightly surpass its core profit last year as the surprise surge in sales will be tempered by the intense retail competition and ongoing developments in its power generation business. Meralco chairman Manuel V. Pangilinan said the company has set a guidance on 2017 consolidated core net income to be a slight improvement over the amount reported in […]

By Richmond Mercurio – October 28, 2017 – 12:00am from Philstar MANILA, Philippines — The Board of Investments (BOI) has approved four renewable energy projects totaling P35.4 billion in support of the administration’s efforts to address the power requirements of its ongoing infrastructure buildup program. Three of the projects will be undertaken by Currimao Solar Energy Corp. which include a P4.74 billion Talisay wind power project in Camarines Norte, a P14.6 billion Talim wind power project in Rizal, and the […]