YUCHENGCO-LED Bugallon Green Energy Corp. has secured a P826-million loan from Rizal Commercial Banking Corp. (RCBC) to fund the construction of its 25-megawatt (MW) solar power project in Bugallon, Pangasinan.
ABOITIZ POWER CORP. (AboitizPower) said its unit East Asia Utilities Corp. has decommissioned a 12.4-megawatt (MW) diesel generator unit in Cebu after concluding that the facility was no longer viable for continued operation.
SINGAPORE — The Department of Energy (DOE) assured that foreign investor interest in the energy sector remains strong and unaffected by ongoing issues regarding corruption in flood control projects.
The Department of Energy (DOE) is investigating the cause of the fire at Unit 3 of the Pagbilao coal plant in Ibabang Polo, Pagbilao, Quezon, around 9 p.m. Oct. 31, which resulted in one fatality and injuries to nine plant personnel.
The National Electrification Administration (NEA), in partnership with the Benguet Electric Cooperative (BENECO), has provided at least 87 households with access to electricity in Barangay Ansagan, Tuba, Benguet under the Sitio Electrification Program (SEP).
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.