Author Archives: LM Staff
Philodrill seeks new contract to continue petroleum operations in Palawan
UPSTREAM oil and gas firm The Philodrill Corp. is seeking a new government contract to...
Aboitiz-led group secures P70-B financing for CBK hydro takeover
AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank...
Carbon trading could slash Philippines power costs on path to net-zero
A new carbon trading model could generate over $40 billion in annual revenue by 2050...
Philippines grid operator targets 2026 completion for P12.3-billion projects
National Grid Corp. of the Philippines (NGCP) is set to complete two major transmission projects...
Vena Energy lines up P7-billion foreign funding for 300-MW Ilocos solar project
SINGAPORE-BASED Vena Energy on Wednesday said the financing secured for its 300-megawatt (MW) solar project...
Power producers welcome higher spot market secondary price cap
MANILA, Philippines — A group of independent power producers has welcomed the 19-percent hike in...
December transmission rate declines
MANILA – The effective transmission rate for December slipped to PHP1.35 per kilowatt hour (kWh)...
Acciona aims to complete Cebu solar farm in 2026
Spanish energy firm Acciona Energia is set to complete the construction of its 180-megawatt peak...
Visayas power supply seen critical in 2026
MANILA, Philippines — Electricity supply in Visayas could become critically strained next year, triggered by...
ERC orders utilities to file rate adjustment applications after decade-long delay
The Energy Regulatory Commission (ERC) has directed all private distribution utilities (PDUs) to file their...