DOE finalizing loan to boost geothermal, eyes PSH growth
The Department of Energy (DOE) is nearing the completion of a loan agreement from the Asian Development Bank (ADB) to fund a geothermal de-risking program, crucial for attracting both public and private investments in renewable energy (RE).
Manila Water pioneers retail aggregation program for power supply choice
The Energy Regulatory Commission (ERC) said the Manila Water Co., Inc. has become the first company to switch its facilities to the contestable market under the expanded Retail Aggregation Program (RAP).
PSALM corporate life extension enables rehab of Agus-Pulangi hydro complex
The Department of Energy (DOE) on Sunday said the recent extension of the Power Sector Assets and Liabilities Management Corp. (PSALM) corporate life will pave the way for the government to begin the rehabilitation of the Agus-Pulangi hydro power complex in Mindanao.
DA shifts to high-return projects with faster payback periods
In a bid to ensure more efficient use of taxpayer money, Agriculture Secretary Francisco Tiu Laurel Jr. announced the agency's new focus on projects that offer an internal rate of return (IRR) of 12 to 14 percent per year and a payback period of no more than seven years. This approach to budgeting and operations marks a shift towards prioritizing investments that are both bankable and profitable, with non-investment-grade projects to be deprioritized, regardless of their agricultural viability.
Bayad, 7-Eleven team up in real-time bill payments
CIS Bayad Center Inc. has partnered with 7-Eleven in revolutionizing the bill payment experience for millions of Filipinos. The collaboration enables Meralco customers to settle their electricity bills at over 4,000 7-Eleven CLiQQ Kiosks nationwide, with the added benefit of real-time posting via Bayad, eliminating the typical 24-hour delay.
