Listed fuel distributor and retailer Top Line Business Development Corp. (TOP) is ramping up its expansion in the Visayas with plans to develop a major fuel logistics and storage hub in Cebu, a move seen to strengthen its supply chain and position the company for long-term growth in the regional energy market.
V-GREEN, a global electric vehicle (EV) charging developer, is ramping up its presence in the Philippines with new partnerships aimed at fast-tracking large-scale EV charging and battery-swapping networks.
The Visayas power grid was placed under yellow alert on Monday, marking the sixth alert for the region this month due to ongoing power plant outages and reduced electricity supply.
Fuel prices are set to move upward again this week, with gasoline and diesel increasing for the third straight week, while kerosene will get another price cut, according to the Department of Energy (DOE).
Alsons Consolidated Resources (ACR), through Alsons Power, will transform its 55-megawatt diesel power plant in Alabel, Sarangani into a 98.7-megawatt solar power facility as part of its renewable energy expansion.