MANILA, Philippines – Pump prices will increase on Tuesday, January 8, amid movements in the world market, various oil companies confirmed. Caltex, Shell, PTT Philippines, Petrogazz, Phoenix Petroleum, and Eastern Petroleum will increase P0.70 per liter on diesel and P0.80 per liter on gasoline. The changes will be implemented starting 6 am Tuesday. The Department […]

The Energy Department officially recommended to the Department of Foreign Affairs the lifting of the moratorium on oil and gas exploration in the West Philippine Sea amid the enhanced relations between China and the Philippines, officials said. Energy Resource Development Bureau director Ismael Ocampo said the recommendation was submitted to the DFA, on the request […]

The directors of Energy World Corp (ASX:EWC) are pleased to receive an a permit from the Department of Energy in the Philippines to construct, own and operate a liquefied natural import terminal and regassification facility. The permit allows for an extended construction period of 24 months. This will enable completion date for the first tank […]

The joint venture of SMC Global Power Holding Corp. and Meralco PowerGen Corp. plans to spend P99 billion to put up a 1,200-megawatt coal project in Mariveles, Bataan. Mariveles Power Generation Corp., the joint venture firm, said in an environmental impact statement submitted to the Environmental Management Bureau it would construct and operate the Mariveles […]

THE country’s power supply remained stable for the past 12 months despite a crippled Energy Regulatory Commission (ERC) that left the agency “powerless in making decisions critical to the energy sector.” “We were able to surpass all challenges. There were difficult times but we just kept on going,” commented Alfonso G. Cusi, secretary of the Department […]

Metro Manila (CNN Philippines, January 1) — Filipinos will pay more for fuel at the beginning of 2019 because of an additional excise tax provided by law. Under the Tax Reform for Acceleration and Inclusion (TRAIN) law, an additional  ₱2 per liter excise tax is imposed on diesel and gasoline, ₱1 for every liter of […]

The official launch of the seven projects is scheduled in January 2019. The European Union (EU) inked seven new clean energy contracts worth $23.86m (EUR21m) with Philippine civil society organisations, cooperatives, authorities, and universities to help provide for 40,000 households. This is in line with the Department of Energy’s 100% of electrification goal for 2020. […]

MANILA, Philippines — The European Union (EU) Delegation to the Philippines on Thursday said the EU and the Philippines signed seven contracts for projects that would offer “clean energy” to 40,000 households in the country. The EU said they allocated €21 million for the projects which would contribute to the Department of Energy’s goal of […]

KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]

MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, is bent on aggressively growing its renewable energy portfolio to become an even bigger RE player in the country and beyond, its president and COO Fernando Zobel de Ayala told The STAR. In an email interview, Zobel said the company’s renewable energy investments have been growing fast. Thus, the […]