‘Power firm with P7K capital bags P100 million deal’
MANILA, Philippines — A senior administration lawmaker yesterday revealed an obscure and under-two-year-old independent power company that managed to bag a contract that raked in hundreds of millions of pesos with only P7,000 in paid-up capital. Puwersa ng Bayaning Atleta party-list Rep. Jericho Nograles questioned how and why the Independent Electricity Market Operator of the Philippines […]
‘Red tape, tight rules discourage investments in renewable energy’
Renewable energy may be one of the government’s new top sources of investment, but industry players have complained it is difficult to develop clean power projects in the Philippines largely due to bureaucratic red tape. Renewable Energy Association of the Philippines President Erel B. Narida lamented the procedure for getting a project approved is just […]
‘Rising oil prices to weigh on Philippines economic recovery’
MANILA, Philippines — The high cost of oil in the world market will remain a concern for the Philippines until next year and this could pose further risk on the already stubbornly high inflation and impact the country’s economic recovery.
‘Small hydro’ plants better than dams, says green energy activist
PETALING JAYA: “Small hydro” run of river (RoR) projects should be prioritised over dams in growing Malaysia’s reliance on hydroelectric power as they are less detrimental to the environment, says a renewable energy activist.
‘Solar energy will fill shortages,’ says Jona
Thai firm B Grimm Power Pcl has invested in a 30MW solar project in Cambodia, Ministry of Mines and Energy spokesman Victor Jona said on Wednesday. Jona, who is the director-general of the ministry’s General Department of Energy, told The Post that he welcomed the investment in solar energy, saying the project will not impact […]
‘Tesla of Thailand’ keeps factories running in virus lockdown
Thailand’s biggest electric-vehicle venture has stayed mostly in gear during the Covid-19 pandemic, with Energy Absolute Plc (EA) ontinuing construction on a lithium-ion battery plant and vehicle development. The company’s EV-boat prototypes are now being river-tested.
‘Tesla of Thailand’ Mulls Hydropower Plants to Balance EV Risks
Energy Absolute Pcl took a detour from developing solar and wind farms to lead Thailand’s biggest electric-vehicle venture. While it’s still betting that EVs have the biggest growth potential, the company is also returning to its roots in renewables. The Thai utility is assessing the viability of developing two dam-based hydropower projects in Laos, according to Deputy […]
‘Trashing’ it out: Waste management across Asia
The world is generating more waste than ever. Rubbish created in Asia-Pacific is projected to increase from about 802 million tonnes in 2016 to 1.1 trillion tonnes in 2030. In Southeast Asia alone, waste volume has been increasing rapidly since 2000, reaching about 150 million tonnes in 2016. By 2030, the amount is estimated to […]
‘Tweaking energy mix to grow RE share key to fighting climate risk ’
ONE way to address climate change and to fortify the Philippines against climate risks is to review and revise its energy mix, renewable-energy (RE) experts asserted in the 2019 State of Nature Assessment or “Green Sona.” In the Philippines, coal continues to account for bulk of the country’s energy mix—more than half—and is largely seen as the […]
‘Unbundling’ oil prices is not regulatory, DOE official says
The Department of Energy (DOE) is firm in its position requiring oil companies to “unbundle” or reveal the details of how pump prices of petroleum products are adjusted. In a chance interview on the sidelines of 7th Philippine Electric Vehicle Summit in Pasay City on Wednesday, Energy Assistant Secretary Leonido Pulido III said “asking of […]