Global infrastructure investor I Squared Capital is advancing a USD2-billion investment program in the Philippines, targeting fuel storage, pipeline development and cold chain logistics as the country seeks to strengthen energy security and improve supply chain resilience.
Singapore-based Vena Energy is advancing P245.3 billion in renewable energy investments in the Philippines, with plans to develop an additional 2.6 gigawatts-peak (GWp) of capacity to meet rising power demand and support industrial expansion.
Amid the ongoing El Niño dry spell, local hydropower developers are urging the government to step up assistance and put in place clearer policies to speed up project rollout across the country.
The Department of Energy (DOE) and its United States counterpart have met to explore an expanded bilateral cooperation agreement designed to strengthen the country's long-term energy security, diversify its fuel supply, and accelerate the development of domestic resources.
Consumers and business operators across the Philippines can expect mixed relief at the pumps this week, highlighted by a substantial price drop for gasoline products alongside steady to slightly higher diesel rates.