Energy
NEA, DepEd bring solar power to 1,500 off-grid schools
The National Electrification Administration (NEA) and the Department of Education (DepEd) have launched a partnership to install solar photovoltaic (PV) systems in over 1,500 schools lacking reliable power. The project aims to provide sustainable energy to schools in underserved regions, particularly in the Bangsamoro Autonomous Region in Muslim Mindanao, Palawan, North Cotabato, and Sulu.
Power rates 14% lower in January
The Wholesale Electricity Spot Market (WESM) in the Philippines posted a significant 14.3% drop in power rates in January, according to latest data from the Independent Electricity Market Operator of the Philippines (IEMOP).
Precision Crestec extends clean energy deal with First Gen
Industrial printing leader Precision Crestec, Inc. has renewed its commitment to sustainability by extending its clean energy supply agreement with First Gen Corporation. Under the new deal, First Gen will provide 700 kilowatts of renewable energy (RE) to power Precision Crestec’s production facility in Pasig City, continuing a partnership that began in 2021.
Gasoline prices up, diesel and kerosene down amid global market uncertainty
Motorists are seeing mixed price adjustments at the pumps Monday, with gasoline prices rising while diesel and kerosene prices drop.
PSALM receives P473M bid for Maibarara property
The Power Sector Assets and Liabilities Management Corp. (PSALM) has received a P473.17 million bid for the privatization of the Maibarara property, a key energy asset located in Batangas and Laguna. The lone bidder, Maibarara Geothermal Inc. (MGI), met the minimum bid price during the auction held on 30 January.
