Energy & Mining

The Department of Energy (DOE) announced on Thursday that 956 megawatts (MW) of new power generation have been added to the national grid since the second half of 2025. The boost comes from 12 renewable energy plants, one oil-based plant, and one natural gas plant, the agency said on Thursday.

Repower Energy Development Corp. (REDC) has started commissioning its new 18.2-MW run-of-river hydropower plant in Bukidnon. The facility, located along the Pulangi River between Valencia City and San Fernando, employed more than 900 workers during round-the-clock construction.

PXP Energy Corp. says it will take years before three newly awarded petroleum service contracts (PSCs) can be fully developed, citing the complexity and long timelines of oil exploration.

ACCIONA Energía has secured a 20-year power supply contract for two renewable energy projects totaling 281 MW in the Philippines. The award was granted through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).

Fuel prices will see mixed changes this week, with gasoline dropping slightly while diesel and kerosene rise. The various retailers will implement the adjustments by Tuesday morning.