Energy & Mining
PCC clears Thunder Consortium’s ₱36.27-B bid for CBK hydro complex
The Philippine Competition Commission has approved the Thunder Consortium’s planned acquisition of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power complex, Aboitiz Power Corp. announced in a disclosure on Monday.
DOE to release revised EV targets by early 2026
The Department of Energy (DOE) plans to release updated electric vehicle (EV) deployment targets by the first quarter of 2026, following a surge in EV registrations this year.
Fuel prices set for major rollback on diesel, kerosene
The various fuel companies will roll out mixed price changes on Tuesday, including a ₱0.20-per-liter increase for gasoline and significant rollbacks of ₱2.90 for diesel and ₱3.20 for kerosene.
NexGen Energy winds DOE nod for $2.5B wind projects
NexGen Energy Corp., through its wind subsidiary Airstream Renewables Corp. (ARC), has secured three new onshore wind energy service contracts from the Department of Energy totaling 1,700 megawatts (MW) and about $2.5 billion in potential investment.
Aboitiz Power says unit SNAP disputing compliance penalty
Aboitiz Power Corporation disclosed that its joint venture, SN Aboitiz Power-Magat, Inc. (SNAP Magat), is contesting a penalty issued by the Enforcement and Compliance Office of the Philippine Electricity Market Corp over alleged dispatch-schedule violations last June.
