Energy & Mining
Government orders probe of fuel stations nationwide
The government has stepped up its crackdown on alleged fuel hoarding and profiteering, issuing show-cause orders to nearly 100 gasoline stations following reports of irregular pricing nationwide, the Presidential Communications Office (PCO) said.
PCC tightens watch on oil, fuel markets
Amid mounting volatility in global oil markets, the Philippine Competition Commission (PCC) said it is intensifying oversight of the domestic fuel sector to guard against anti-competitive practices that could disadvantage consumers.
Meralco raises electricity rates in April
Manila Electric Company (Meralco) on Friday announced an increase of P0.5335 per kilowatt-hour (kWh) in electricity rates this April. The overall rate for a typical household is now P14.3496 per kWh, up from P13.8161 per kWh in March.
Alternergy secures green share approval amid expansion push
Alternergy Holdings Corp., a listed renewable energy firm, has secured unanimous shareholder approval to raise fresh capital through a planned issuance of green perpetual preferred shares, positioning the company for its next phase of expansion as energy security concerns intensify.
Levanta awards EPC contract for 166 MW Iloilo solar project
A foreign renewable energy developer, Levanta Renewables, has awarded an engineering, procurement, and construction (EPC) contract to China Energy Engineering Group for a solar power project in Iloilo.
