The Department of Energy (DOE) and the Bangsamoro government are collaborating to enhance energy security, promote total electrification, and manage petroleum resources in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) region.

The Energy Regulatory Commission (ERC) of the Philippines has expressed support for proposed legislation aimed at promoting nuclear power as part of efforts to strengthen the country’s energy security and improve electricity reliability.

The Department of Energy (DOE) is looking to narrow the Philippines’ seven prospective nuclear power sites to around three or four locations for more detailed site characterization as the government advances preparations toward the next stage of its nuclear energy program.

The Visayas grid will be under red alert from 3PM to 9PM on Thursday, August 13, as forced outages and higher demand in Mindanao tighten the region’s available power supply, according to the National Grid Corporation of the Philippines (NGCP).

Twenty-four leading importers have already engaged with the Bureau of Customs (BOC) over the creation of an elite importer group, including energy giants Petron Corp. and Shell Pilipinas Corp., as well as major players in the aviation, automotive, food, and manufacturing industries.

The government should tighten competition safeguards in the country’s power sector as it amends the two-decade-old Electric Power Industry Reform Act (EPIRA) of 2001, with preliminary research showing that the five largest conglomerates control about 85 percent of nationwide installed generation capacity, according to state-run policy think tank Philippine Institute for Development Studies (PIDS).

The Philippine Economic Zone Authority (PEZA) signed a memorandum of understanding (MOU) with South Premiere Power Corp. (SPPC) and Linseed Field Corp. (LFC) on July 30 to explore integrated liquefied natural gas (LNG) solutions for economic zones in CALABARZON.

GLOBAL investment firm Kohlberg Kravis Roberts & Co. (KKR) has proposed increasing its stake in Lopez-led First Gen Corp. and launching a tender offer for its remaining public shares, a transaction that could lead to the power producer’s voluntary delisting from the Philippine Stock Exchange (PSE).

MANILA, Philippines — About 200,000 members of the South Cotabato II Electric Cooperative (Socoteco II) will decide next month whether to approve a proposed joint venture with Razon-Pacquiao-backed Ignite Power, as the former faces P2.1 billion in financial losses and an aging network.

The Department of Energy (DOE) has delayed the competitive auction for the country’s largest coal deposit on Semirara Island to as far as November, seeking to overhaul contract terms to channel the vast majority of output toward domestic power generation and secure a larger government royalty share.