State-run Philippine National Oil Co. (PNOC) has signed a memorandum of understanding (MOU) with local firm BERGS Energy Solutions and Technology Corp. (BESTC) to study the feasibility of a large natural gas power project in Bataan.
Energy heavyweights Manila Electric Co. (Meralco) and Aboitiz Power Corp. (AboitizPower) have joined senior US and Philippine officials in accelerating civilian nuclear cooperation, marking a decisive step in Manila’s bid to integrate nuclear energy into its power mix by 2032.
Fuel prices climbed again this week, marking the sixth straight week of increases for gasoline and the seventh consecutive week for diesel and kerosene in 2026.
First Gen Corp., controlled by the Lopez family, is acquiring a 40 percent equity stake in pumped storage hydropower portfolio Prime Infrastructure Capital Inc., part of billionaire Enrique Razon Jr.’s infrastructure venture, for P75 billion.