Energy
ERC hints of sanctions versus power companies still on forced outage
The Energy Regulatory Commission (ERC) is determining if penalties are warranted of power companies that remain on outage, consequently thinning power reserves in both the Luzon and the Visayas grids for the third day in series.
NEA extends electric cooperatives over P260M in loans
The National Electrification Administration has extended various electric cooperatives across the country loans worth P263.78 million in just the first three months this year.
PERC unit taps Trina Solar to help it build a 117-MW solar facility
Petro Energy Resources Corp. (PERC) subsidiary Petro Green Energy Corp. is building a 117-megaWatt solar facility in a number of places around the country on the basis of a master supply agreement (MSA) it signed with global solar panels manufacturer Trina Solar.
ACEN, Rockefeller Foundation launch pilot project for funding of coal plants’ early retirement
ACEN Corp. and The Rockefeller Foundation have kicked off the pilot project under the first Coal to Clean Credit Initiative, an effort that could help the Philippines avoid up to 19 million tons of carbon dioxide emissions.
Basic Energy in partnership with Japan in Batangas wind project
Basic Energy Corp. forms half of the joint development and shareholder agreement with Japan's Renova Inc. to pursue a 50-megawatt wind power project in Batangas.
