Energy & Mining
Wholesale power rates rise 11.8% in August; Visayas and Mindanao see sharp, costly spikes
Average electricity prices across the Philippines in the Wholesale Electricity Spot Market (WESM) climbed 11.8 percent in August, driven by steep cost surges in Visayas and Mindanao even as Luzon rates fell, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed Wednesday.
Shell Energy PH secures additional 120 MWp solar power deal in Leyte
Shell Energy Philippines Inc. (SEPH) has entered a second 15-year power supply agreement with Greenlight Renewables Holdings Inc. via its unit San Isidro Solar Power Corp., securing an additional 120 megawatts peak (MWp) from the second phase of the San Isidro solar power project in Leyte. Announced Tuesday, the new deal follows an earlier 15-year agreement for the project’s first phase, bringing the total solar capacity SEPH will source from Greenlight Renewables to 240 MWp.
DOE, DOT team up to advance energy efficiency in tourism sector
The Department of Energy (DOE) and the Department of Tourism (DOT) are expanding their joint effort to assess energy use and deliver support to hotels, resorts, and other tourism establishments.
ASEAN oil stockpiling plan gains support from five countries
The Philippines’ push for an ASEAN oil stockpiling mechanism is gaining momentum, with five countries signaling support for a regional system designed to cushion members from future supply disruptions, Trade Secretary Cristina Roque said.
PH data centers eye catch-up with Singapore, Malaysia
The Philippines has room to narrow its data center gap with Singapore and Malaysia, with abundant land, expanding power capacity, and rising investor interest giving the industry room to grow, the Data Center Association of the Philippines (DCAP) said.
