State-run Power Assets and Liabilities Management Corp. (PSALM) expects to raise between P40 billion and P90 billion from the privatization of the Agus-Pulangi hydro complex in Mindanao through a concession agreement.

The Philippine Ports Authority (PPA) is seeking P4.6 billion in government funding to develop two ports in preparation for offshore wind projects, with the goal of delivering the first kilowatt hour of offshore wind power by 2028.

The petroleum and coal arm of the Philippine National Oil Co. (PNOC) is seeking a budget of P11.1 billion mainly for next year’s planned exploration and production (E&P) activities, including native hydrogen, as part of the country’s efforts to develop indigenous clean energy sources.

THE Department of Energy (DoE) was asked to explain in the Senate the delay in closing the deal signed by the Maharlika Investment Corp. (MIC) to take a stake in the National Grid Corp. of the Philippines (NGCP).

The Energy Regulatory Commission (ERC) has authorized San Miguel Corp.’s Mariveles Power Generation Corp. (MPGC) to develop and connect the initial phase of its 1,200-megawatt (MW) coal-fired power plant in Mariveles, Bataan, to the Luzon grid.

PacificLight Power Pte. Ltd. (PLP) has awarded an engineering, procurement, and construction (EPC) contract to a consortium comprising Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), and Jurong Engineering Limited (JEL) to develop Singapore’s largest, high-efficiency combined cycle gas turbine (CCGT) facility.

SOLAR PHILIPPINES Power Project Holdings, Inc. (SPPHI) has transferred 10.83 billion common shares of SP New Energy Corp. (SPNEC) to its founder Leandro Antonio L. Leviste, now Batangas first district representative, through a special block sale worth P6.32 billion.

BASIC ENERGY RENEWABLE Corp. (BERC), a subsidiary of Basic Energy Corp. (BEC), has partnered with Ayala-led ACMobility to install and operate electric vehicle (EV) charging stations powered by renewable energy.

LOPEZ-LED First Gen Corp. has partnered with the Araneta Group to supply renewable energy to select properties in Araneta City, a mixed-use hub of retail, entertainment, residential, hospitality, and office developments in Quezon City, through the retail aggregation program (RAP).

THE Energy Regulatory Commission (ERC) said it is considering removing the limits on the capacity that new power generating units can feed into the grid.