Carbon shift still not a threat to coal-using firms’ credit worthiness
The drive toward carbon mitigation and away from fossil fuels is expected to have a gradual effect on coal-using companies and is not a significant risk on their credit worthiness, according to Moody’s Investor Service. However, Moody’s, in its Power Asia 2019 outlook report, said companies that operate coal-fired power plants would see their cash […]
PH now open for natural gas investors — Cusi
TAGUIG CITY, Dec. 9 — Department of Energy (DOE) Secretary Alfonso G. Cusi today signed a Memorandum of Agreement (MOA) with the UP Statistical Center Research Foundation, Inc. (UPSCRFI) on the implementation of the Philippine Downstream Natural Gas Regulation (PDNGR). “The Philippines has been striving to make waves in the energy industry. Looking at the […]
Taiwan’s Kymco brings electric scooters to Philippines
MANILA — Taiwanese motorcycle maker Kymco said Tuesday it hoped the government would back its electric scooter foray in the country to help cut air pollution. The Philippines has huge potential for electric scooters, given the government’s pro-environment programs, even if electricity in the country is expensive, said Kymco Philippines President Frank Yang. Kymco has […]
Southeast Asia braces for more oil volatility ahead of OPEC meeting
Most economies are net crude importers and benefit from lower prices JAKARTA — Rattled by rapid oil price swings in recent months, Southeast Asian economies are on tenterhooks ahead of an OPEC meeting this week that is expected to result in a supply cut to boost prices. The recent plunge in prices — the benchmark […]
Renewable energy for a livable future
In such a fast-paced world, when are you going to make time to take a look at what’s happening around you? With rampant development happening all over the world, there always seems to be a race to be better, to develop more, to be the first to innovate. However, such innovations and progress do not […]
Philippines government signs pact on renewable energy scheme for Palawan
The Filipino Department of Energy (DOE) has signed a memorandum of understanding (MOU) with the provincial government of Palawan to develop a new renewable energy scheme. The Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) project aims to improve energy efficiency, safety, security in Palawan, which is a thin archipelagic province in the far southwest […]
Nexans wins major subsea grid contract in Philippines
French cable company Nexans has won a contract worth over $100m for a major interconnection project in the Philippines. With power consumption in Philippines rising by almost 80 per cent in the last 15 years, the National Grid Corporation of the Philippines (NGCP) has launched the Mindanao-Visayas Interconnection Project to connect the three grids of […]
Meralco to roll out 1-M prepaid meters
MANILA, Philippines — The Manila Electric Co. (Meralco) is rolling out a million prepaid meters once it gets the green light from regulators to cope with growing demand. The power distributor has filed for approval to install nearly a million meters in the past three years, Meralco senior vice president Alfredo Panlilio told The STAR. […]
Energy Deal Deepens Once Unimagined Sino-Philippine Friendship
TAIPEI, TAIWAN — A maritime energy exploration agreement is being seen by some as an attempt to continue improving relations between China and the Philippines, countries once so opposed that their rift over maritime sovereignty went to a world arbitration court.Philippine and Chinese officials inked a memorandum of understanding Nov. 20 to look together for oil […]
PHL lands on top 10 list of ‘most attractive’ markets for clean energy
The Philippines is one of the most attractive markets for clean energy investments, according to a recent study published by the Bloomberg NEF. This year’s Climatescope Emerging Market Outlook showed the country ranked 6th out of 103 economies with a score of 2.29. This is the first time the Philippines was included in the study. […]