PH energy firms ready to adopt blockchain technology
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 […]
DoE reviews several major energy projects
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 […]
Philippines to suspend oil tax hike to cool red hot inflation
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 […]
Peso depreciation weighs on energy companies
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 […]
Mindanao projected to need 10,200 MW additional capacity by 2040
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 […]
DOE urges regional dev’t councils to adopt energy plan
ILOILO CITY — The Department of Energy (DOE) urged Regional Development Councils (RDCs) around the country to adopt the Philippine Energy Plan (PEP) 2017-2040 in order to secure the country’s energy needs over the next three decades. In an interview at the sidelines of the “Energy 101 for Media” seminar here Wednesday, Assistant Regional Director […]
DOE rolls out Mindanao energy projects
TAGUIG CITY, OCt. 8 — The Department of Energy (DOE) is setting its sights on present energy investment opportunities in Mindanao that will spark new developments and growth in the region. In this regard, the DOE, through its Investment Promotion Office, is launching the Mindanao Energy Investment Forum (MEIF) to be held on 11 October 2018 […]