KALTIMEX RURAL ENERGY Corp., a Philippine subsidiary of Indonesian firm PT. Kaltimex Energy, has signed a debt restructuring agreement with the Tawi-Tawi Electric Cooperative (TAWELCO) to ease the cooperative’s financial burden and strengthen electricity service for local communities.
MANILA – The additional charges that will be collected from power consumers starting January 2026 may seem to be a burden, but an official of the Energy Regulatory Commission (ERC) said it is aimed to encourage more players, which will further boost supply.
Rizal Green Energy Corp. said it started exporting 33.831 megawatts from its 40-MW Limbauan solar power facility in San Pablo, Isabela province to the Luzon grid on Thursday.
UPSTREAM oil and gas firm The Philodrill Corp. is seeking a new government contract to continue and expand its petroleum operations in northwest Palawan following the expiration of its existing service contract.
AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and Metropolitan Bank & Trust Co. to finance part of its takeover of the Caliraya-Botocan-Kalayaan (CBK) hydropower facilities in Laguna.
A new carbon trading model could generate over $40 billion in annual revenue by 2050 while helping the Philippines achieve net-zero emissions in its power sector, according to research from the University of Surrey.
National Grid Corp. of the Philippines (NGCP) is set to complete two major transmission projects totaling P12.34 billion by next year to strengthen the country’s power infrastructure.
SINGAPORE-BASED Vena Energy on Wednesday said the financing secured for its 300-megawatt (MW) solar project in Ilocos Norte amounts to $210 million (about P7 billion), following its earlier announcement that the project had reached financial close.
MANILA, Philippines — A group of independent power producers has welcomed the 19-percent hike in the Wholesale Electricity Spot Market (WESM)’s secondary price cap (SPC), noting that the move could send a clearer signal to investors.
MANILA – The effective transmission rate for December slipped to PHP1.35 per kilowatt hour (kWh) from last month’s PHP1.51/kWh, driven by changes in consumption, officials of the National Grid Corp. of the Philippines (NGCP) said Wednesday.