Energy & Mining

The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), has scheduled a public scoping activity for the proposed 97-megawatt (MW) Magat pumped-storage hydro (PSH) project worth P13.5 billion in the provinces of Isabela and Ifugao.

Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.

Telecommunications company Globe Telecom said it has activated its business continuity plan (BCP) following the government’s declaration of a State of National Energy Emergency, assuring customers that mobile and internet services will continue operating with minimal disruption.

The Philippines is once again facing growing energy security concerns as global oil market disruptions, driven by tensions between the United States and Iran, push fuel prices and inflation higher. The situation mirrors the 1973 and 1979 oil crises, which exposed the country’s heavy dependence on imported fuel and caused widespread economic hardship.

Alsons Consolidated Resources Inc., the listed energy arm of the Alcantara Group, posted stronger first-quarter earnings as rising electricity demand in Mindanao and improved power trading offset mounting global economic uncertainty.