Philippines Scrambles to Find Undersea Energy as Import Prices Hit Consumers
TAIPEI — The resource-rich Philippines is doubling up development of its own fuel sources as world oil price hikes hit the largely impoverished population.On October 17, Philippine President Rodrigo Duterte signed a service contract with the Israeli energy exploration firm Ratio Petroleum to scout for fuel under the South China Sea, the Department of Energy […]
Philippines’ Ayala Corp. Pivots To Renewables With Vietnam Solar Investment
AC Energy, a subsidiary of Philippine conglomerate Ayala Corp., has pledged to use technology to improve lives and ensure a sustainable future for all. It recently announced a deal in Vietnam to build out 80 megawatts of solar electricity generation capacity, in advance of Vietnam’s June 2019 feed-in-tariff change. This is the latest in a string […]
PHL ‘seriously’ eyeing nuke energy–DOE chief
AFTER nearly 40 years, the government is now seriously considering the possibility of allowing the construction of nuclear power plants in the country. “The Department of Energy [DOE] is studying all sources of energy to address the energy security of the future. We’re pushing nuclear and last year finished the draft on national policy on […]
PHL signs oil exploration deal with Israel’s Ratio Petroleum
THE Philippines on Wednesday formally awarded a petroleum service contract (PSC) to Israeli firm Ratio Petroleum Ltd. for the exploration of an area in the east Palawan basin, a move which the Energy department said bodes well for country’s upstream petroleum industry. The ceremonial signing, which took place at the Heroes Hall of Malacañan Palace, […]
Diesel or solar: Could a push to power the Philippines turn greener?
NORZAGARAY – In battling the timber poachers who roam the thick Sierra Madre forests near his home, Larry Garaes has found a new ally: solar panels. With solar chargers, the radios he and other forest rangers rely on no longer run out of power on multi-day operations in the mountains, he said. “Communication between rangers […]
PH inks oil exploration deal with Israeli firm
MANILA — Energy Secretary Alfonso G. Cusi witnessed on Wednesday the ceremonial signing of the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the Fifth Philippine Energy Contracting Round (PECR5) at the Presidents’ Hall of Malacanan Palace. President Rodrigo R. Duterte signed the PSC on behalf of the Philippine government with Sec. […]