Philippines-based Citicore Renewable Energy on Friday said Indonesian state-owned oil firm Pertamina will buy a 20% stake in the pure-play renewable energy company for 6.70 billion pesos ($114.8 million).
TACLOBAN CITY – The National Grid Corporation of the Philippines (NGCP) is eyeing to complete the replacement of the remaining 55 wooden poles in this city and nearby towns within the year to enhance power transmission reliability.
BACOLOD CITY – The Negros Electric and Power Corp. (Negros Power) conducted a proactive maintenance on the Bacolod-Silay 69-kilovolt (kV) sub-transmission line on Sunday as part of rehabilitation works for the aging distribution system in central Negros.
THE AUCTION for the privatization of the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) complex in Laguna is scheduled for April, according to the Department of Energy (DoE).
The government’s intent to maximize the value of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant caused the delays in the privatization of the power asset, according to the chief of the Department of Energy (DOE).
The Department of Energy (DOE) said that delays in the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant are due to setbacks in establishing the Price Determination Methodology (PDM).
The Energy Regulatory Commission (ERC) admitted issuing a resolution allowing the National Grid Corporation of the Philippines (NGCP) to pass on its 3-percent franchise tax to consumers, prompting a lawmaker to seek legal accountability against the regulating body for allowing it.
The Department of Energy (DOE) on Wednesday defended its move to cancel 105 non-performing and delayed renewable energy service contracts amid concerns it would hurt investor sentiment.
MANILA, Philippines — The government is moving to terminate additional renewable energy (RE) projects that fail to meet established work timelines, according to energy officials.
Following the termination of multiple renewable energy (RE) projects last year, the Department of Energy (DOE) assured the public that this action would not discourage investors from pursuing renewable energy developments.