LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) said its attributable net income more than doubled in the second quarter (Q2) to P305.47 million, driven by higher revenues.

MANILA, Philippines—The Department of Energy (DOE) is on track to hold its fifth Green Energy Auction Program (GEA-5) by the end of the year, focusing exclusively on offshore wind projects.

The Bases Conversion and Development Authority announced a P4 billion investment for a new waste-to-energy facility in New Clark City, Capas, Tarlac.

MANILA ELECTRIC CO. (Meralco) said it will secure a $2.7-million (P152.87 million) grant from the United States Trade and Development Agency (USTDA) to fund a feasibility study on adopting small modular reactors (SMRs) in the Philippines.

MANILA – The Department of Energy (DOE) and the Department of Science and Technology-Philippine Institute of Volcanology and Seismology (DOST-Phivolcs) have teamed up to integrate scientific data into energy planning.

MANILA, Philippines — Razon-led Prime Infrastructure Capital Inc. is looking to complete the development of its massive pumped storage hydropower (PSH) project in Laguna by 2030.

MANILA – The transmission rate of the National Grid Corp. of the Philippines (NGCP) is higher for the July billing period as it implements the Energy Regulatory Commission’s (ERC) decision for under-recoveries and its maximum allowable revenue.

MANILA ELECTRIC CO. (Meralco) said it spent P1.9 billion in the second quarter to increase capacity by 450 megavolt-amperes (MVA) and upgrade substations and transmission lines in Metro Manila, Laguna, Quezon, Cavite, and Bulacan.

Plans to rehabilitate the Agus-Pulangi hydropower complex are expected to make significant progress within the next three years.

MANILA – Power rates of Manila Electric Company (Meralco) will increase by PHP0.6268/kWh this August due to higher generation and transmission charges.