Energy
DOE to collect up to P24B in bonds, penalties from Leviste-linked solar firm
The Department of Energy (DOE) said it will collect up to P24 billion in performance bonds and other financial and technical obligations from Solar Philippines Power Project Holdings Inc., a company founded by Batangas Rep. Leandro Leviste.
Fuel prices to rise Tuesday
Local fuel retailers will raise prices on Tuesday morning, with gasoline and kerosene going up by P0.30 per liter and diesel by P0.20 per liter.
Meralco cuts January power rates for second straight month
Manila Electric Company (Meralco) announced another drop in electricity rates this January, lowering prices by P0.1637 per kilowatt-hour (kWh).
DOE forecasts 10,000 MW by end-2026, promising energy security and green jobs
The Philippines could see its total solar power capacity hit 10,000 megawatts (MW) by the end of 2026, the Department of Energy (DOE) said.
MGEN draws line between solar deals
Meralco PowerGen Corp. (MGEN) moved to dispel mounting speculation over its renewable energy investments, stressing that its stake in SP New Energy Corp. (SPNEC) has no connection to the solar franchise held by Solar Para Sa Bayan Corp. (SPBC), a company linked to the Leviste group.
