Energy
DOE reiterates LIRA compliance to avoid hefty penalties
The Department of Energy (DOE) on Monday called on liquefied petroleum gas (LPG) industry players to comply with the LPG Industry Regulation Act (LIRA) in full to avoid severe penalties, including fines, business closure, and even criminal charges.
PSALM property in Naga City sells for P8.76M
The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed on Monday the receipt of a P8.76 million as payment from the local government of Naga City, Cebu, for the acquisition of a 466-square-meter property in the province.
Fuel prices drop amid economic concerns
The various fuel retailers have implemented another round of price cuts for all petroleum products, effective today. This marks the second consecutive week of price cuts, highlighting ongoing concerns about the potential slowdown in global economic growth.
First Gen seeking LNG suppliers to secure operations for hot months ahead
First Gen Corp. is actively seeking liquefied natural gas (LNG) suppliers to secure fuel for its four gas-fired power plants in Batangas as it prepares for the critical hot months. The company issued a tender in February for one LNG cargo to ensure the uninterrupted operation of its facilities, which collectively provide a total capacity of 2,017 megawatts (MW).
EPI secures P5.175B loan for Cawag Solar
Emerging Power Inc. (EPI), the renewable energy arm of Nickel Asia Corporation (NAC), has secured a P5.175-billion senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to fund the construction of its 145-megawatt peak (MWp) Cawag solar power project in Subic, Zambales.
