Energy
Fuel prices rise amid geopolitical concerns and supply tightening
Fuel prices saw an uptick Monday following a temporary rollback last week, primarily driven by growing concern over the availability of crude oil from Russia and Iran. These concerns are rooted in ongoing U.S. sanctions and persistent geopolitical tensions in the Middle East.
Basic Energy, RENOVA seal joint development deal for Mabini Wind Project
Listed firm Basic Energy Corp. and RENOVA Inc. have completed the Joint Development and Shareholders’ Agreement, marking a key milestone in their partnership for RDG Wind Energy Corp. This agreement follows Basic’s fulfillment of the stipulated conditions precedent and includes minor amendments to clarify equity allocation between the two companies.
Aboitiz affiliate’s solar project set for scoping in Negros Occidental
Aboitiz Power Corp.’s renewable energy arm is moving forward with a major solar initiative in Negros Occidental, which will significantly bolster the country’s green energy sector.
NGCP secures ERC approval for P5B transmission projects
The Energy Regulatory Commission (ERC) has greenlit four significant transmission projects by the National Grid Corporation of the Philippines (NGCP), totaling over P5 billion.
Meralco reports modest growth sales in January
Meralco in January reported a modest 0.4 percent sales growth totaling 4,061 gigawatt hours (GWh) versus only 4,045 GWh in January last year.
