TACLOBAN CITY – The Department of Tourism regional office is thrilled with the eventual completion of the PHP127-million Higatangan Submarine Cable Project that will supply uninterrupted power to the picturesque island.

METRO PACIFIC INVESTMENTS Corp. (MPIC) sees double-digit profit growth for 2024, driven by its power business and other subsidiaries.

MANILA — President Ferdinand Marcos Jr. has ordered the reduction of real property taxes of independent power producers (IPP) who entered a build-operate-transfer (BOT) agreement with the government.

The government needs to spend at least P85 billion to provide electricity to all households in the entire Philippine archipelago, the Department of Energy (DOE) said Wednesday.

Japan’s largest natural gas utility Tokyo Gas Co. Ltd (Tokyo Gas) has completed its acquisition of a stake in Lopez-led First Gen Corp.’s (First Gen) liquefied natural gas (LNG) unit.

Gurīn Energy, a Singapore-headquartered renewable energy developer, owner and operator, announced the completion of its 75-megawatt (MW) solar plant in Zambales province, its first operational project in the Philippines.

MGEN Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), has energized its solar power plant in Bongabon, Nueva Ecija, which can generate 19.8 megawatts alternating current (MWac) of clean energy.

THE Energy Regulatory Commission (ERC) said it has put on hold until March decisions on several ancillary service procurement agreements (ASPA) submitted by the National Grid Corp. of the Philippines (NGCP) and its potential suppliers.

MANILA — Ayala Corporation’s energy arm ACEN said it will soon be supplying power to all three campuses of the Philippine Cultural College (PCC).

PRESIDENT Ferdinand R. Marcos, Jr. issued an executive order (EO) that will reduce real property tax for independent power producers (IPPs) engaged in build-operate-transfer (BOT) deals with government-owned and -controlled corporations (GOCCs).