Prime Infra commits to 2GW PSH completion under GEA3
Prime Infrastructure Capital Corp. (Prime Infra) affirmed the assured completion of its 2,000 MW pumped storage hydro (PSH) projects awarded under the Department of Energy’s (DOE) third Green Energy Auction (GEA3), representing nearly one-third of the 6,680.887 MW capacity offered.
Gov’t considers delaying biodiesel blend hike
The government is considering suspending the scheduled increase in coco methyl ester (CME) biodiesel blend from 3 percent to 4 percent by 1 October this year as scheduled, the Philippine Coconut Authority (PCA) revealed Wednesday.
NGCP transmission rates Up 4.6% in May
The National Grid Corporation of the Philippines (NGCP) reported a 4.6 percent increase in its transmission rate for the May 2025 billing period, bringing the rate to P1.1482 per kilowatt-hour (kWh) from April’s P1.0978 per kWh.
BSP issues implementing rules for AFASA law
The Bangko Sentral ng Pilipinas (BSP) has issued the implementing rules and regulations (IRR) of Republic Act No. 12010, or the Anti-Financial Account Scamming Act (AFASA), marking a significant step in curbing financial fraud and enhancing consumer protection.
SMPC secures amended ECC for coal mine expansion
Semirara Mining and Power Corp. (SMPC) has obtained an amended Environmental Compliance Certificate (ECC) from the Department of Environment and Natural Resources (DENR), enabling the strategic expansion of its coal mine operations within its 13,000-hectare contract area.
