FirstGen Geothermal Indonesia, a subsidiary of Lopez-led Energy Development Corp. (EDC), and PT DSSR Daya Mas Sakti (DSSR), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), which is part of the Sinar Mas Group, have finalized a strategic partnership to develop a geothermal energy portfolio in Indonesia.

THE Department of Energy (DoE) said it expects energy investments to continue flowing even in the face of a corruption scandal plaguing infrastructure projects.

PANGILINAN-LED PXP Energy Corp. said it is exploring investments in new or near-ready producing oil fields that can generate earlier cash flow, as the term of the service contract (SC) governing its only producing oil field approaches expiration.

ABOITIZ Power Corp. (AboitizPower) is set to acquire a 25% stake in Van Phong Power Company Limited (VPCL), operator of a 1,320-megawatt (MW) coal-fired power plant in Vietnam, from Japan’s Sumitomo Corp. for $220 million (around P12.9 billion).

MANILA ELECTRIC CO. (Meralco) expects flat energy sales this year as milder weather curbs demand, but anticipates a rebound in 2026 on the back of aggressive energization and normalizing temperatures.

A group of Batangas business and civic leaders has thrown its support behind the proposed joint venture between Manila Electric Company (Meralco) and Batangas II Electric Cooperative (BATELEC II), citing the need to address frequent power problems that disrupt local businesses and growth.

MANILA — The Philippine government is confident of still hitting its renewable energy (RE) target by 2030 or in just less than five years’ time.

SINGAPORE—The Philippines’ Department of Energy (DOE) is planning to conduct a gradiometric survey to gather additional data and determine the geothermal potential of the country as part of a move to boost its geothermal capacity and expand its renewable energy portfolio.

PANGILINAN-LED MGEN Renewable Energy, Inc. (MGreen) has gained greater control of solar developer SP New Energy Corp. (SPNEC) after businessman-turned-politician Leandro Antonio L. Leviste completed the sale of his shares worth P13.76 billion through a block sale.

The 32-megawatt (MW) Maibarara Geothermal Power Plant (MGPP) in Batangas has been recognized by the Philippine Electricity Market Corporation (PEMC) as the Most Compliant Geothermal Power Plant during the 2025 Wholesale Electricity Spot Market (WESM) Compliance Officers Summit held in Clark, Pampanga on October 24.