BEIJING, China — A top think tank here welcomed the upcoming state visit of Chinese President Xi Jinping to the Philippines, saying it is a manifestation that the two countries are ready to work together despite competing claims to some parts of the South China Sea. Xi is set to visit Manila and hold talks […]

SIXTEEN foreign firms have expressed interest to partner with electric cooperatives to put up clean-energy mini grids. According to the post-event survey conducted by the Alliance for Rural Electrification (ARE) that co-organized the first-ever Philippines Mini-grid Business-to-Business (B2B) Forum in Manila, “16 foreign participants said they would or were very likely to invest in mini […]

The blockchain business is expected to explode in value to $2 trillion in 2030 from $2.5 billion in 2017 as the technology’s momentum gathers pace in various industries and as it deepens roots in countries like the Philippines. According to research firm IHS Markit, the outlook is consistent along with the different sectors where blockchain […]

Solar energy proponents are forming cooperatives with plans to seek their own legislative franchises for minigrids the way Solar Para sa Bayan Corp. (SPSB) is already doing. Some of them have formed the Solar Energy Association of the Philippines (SEAP) to help hasten the formation of such cooperatives, initially with three that were promptly started […]

CITY OF TABUK, Kalinga, Oct. 15 (PIA) – – Geothermal exploration in the province is progressing with drilling targeted to start next year. Kalinga Geothermal Project, a consortium of Aragorn Power and Energy Corporation, Guidance Management Corporation and Allfirst Kalinga Ltd., is given a two-year extension for its exploration permit. It is now on Phase […]

Renewables firm AC Energy, a wholly owned subsidiary of Philippines-based industrial firm, Ayala Corporation has announced a further 80MW of solar projects in Vietnam, soon after detailing a 300MW pipeline in the country. AC Energy said that its joint venture with AMI Renewables Energy would include a total of 80MW of PV power plants in […]

The Department of Energy is evaluating several large-scale power projects that could receiver a certificate of energy project of national significance under Executive Order 30 that streamlines the procedures for major projects. The big ticket projects include the Wawa Pumped-Storage hydro project of Olympia Violago Water & Power Inc.; 500-megawatt Kibungan Badeo Pumped Storage Hydro […]

MANILA, Oct 14 (Reuters) – The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food […]

ENERGY COMPANIES have counted the cost of the peso depreciation against the US dollar, prompting them to adopt measures to soften the impact on their finances, operations and investment decisions. “In the short-term operating perspective, you’d have to worry if the movement, the devaluation of the peso, has an impact on the growth rate of […]

DAVAO CITY — Energy officials said more investors are needed in the power supply sector, particularly for Mindanao, to meet the island’s projected 10,200-megawatt (MW) additional capacity requirement by 2040. Department of Energy (DoE) Assistant Secretary Redentor E. Delola, speaking at the 2018 Mindanao Energy Investment Forum held here Oct. 11, said that while a […]