Energy & Mining
Nickel Asia posts P1.52B net profit in 2024, eyes growth in 2025
Nickel Asia Corp., a leading player in the Philippines' natural resources sector, reported its audited financial results for 2024, revealing a net income of P1.52 billion.
PH faces financing, supply chain hurdles in nuclear energy push
The Department of Energy (DOE) remains committed to advancing the Philippines' nuclear energy program despite ongoing challenges related to financing and supply chain issues. This developed in the wake of a recent meeting with leaders of the Organization for Economic Cooperation and Development Nuclear Energy Agency (OECD-NEA).
Meralco secures emergency PSA to meet projected hot months power demand
The Manila Electric Co. (Meralco) has secured a critical 200 MW emergency power supply agreement (EPSA) with the coal-fired Sual Power plant in Pangasinan, ensuring stability in its franchise area, particularly in the upcoming hot months.
ERC hits deferment button on P20.32B transmission projects
The Energy Regulatory Commission (ERC) has deferred the approval of capital expenditure projects proposed by the National Grid Corporation of the Philippines (NGCP) totaling P20.32 billion.
Synergy says NGCP won arbitration vs PSALM, TRANSCO
Synergy Grid & Development Philippines Inc. announced on Monday that the Singapore International Arbitration Centre's arbitral court has ruled in favor of its subsidiary, National Grid Corp. of the Philippines (NGCP), in its claims against state-owned Power Sector Assets & Liabilities Management Corp. (PSALM) and National Transmission Corp. (TRANSCO).
