Energy & Mining
ACEN affiliate to buy up to 49% stake in Indian solar
ACEN Corp. has announced its affiliate, Unlimited Renewables Holdings, signed agreements to acquire as much as 49 percent of Tejorupa Renewables India Project Private Limited, through partner Diamond India Renewables One B.V. (DIRO).
NGCP cuts transmission rates for June bills, average down 9.33%
The National Grid Corporation of the Philippines (NGCP) announced on Monday lower overall transmission rates that will appear in consumers’ June 2026 electricity bills.
Mixed fuel price adjustments expected; US-Iran deal could reduce costs
The Department of Energy (DOE) projects mixed fuel price changes this week, amid progress on a US-Iran peace deal that may reopen the key Strait of Hormuz oil route.
Marcos-Putin Talks to Focus on Energy Security
President Ferdinand R. Marcos Jr.’s meeting with Russian President Vladimir Putin this week is expected to spotlight energy and food security as the Philippines seeks to diversify strategic partnerships amid persistent geopolitical tensions and volatile global commodity markets.
Strait of Hormuz reopening sends oil prices falling
Oil prices tumbled in early Asian trading on Monday after the US and Iran announced a breakthrough agreement that would reopen the Strait of Hormuz, easing fears of a prolonged disruption to one of the world's most critical energy corridors.
