Energy & Mining

The Asian Photovoltaic Industry Association is pushing the government to replace diesel plants in remote off-grid areas with solar and battery systems, saying the move will lower electricity bills and ease a fast-growing subsidy burden on consumers and the national budget.

The nearly USD1-billion Malampaya expansion will extend by about six years the life of a gas field supplying roughly one-fifth of Luzon’s electricity requirements, giving the Philippines a crucial buffer against imported fuel dependence, volatile energy prices and potential supply disruptions.

AdventEnergy, the retail electricity supply arm of Aboitiz Power Corporation, has welcomed a fresh wave of mid-sized businesses into the Retail Competition and Open Access program, following the Energy Regulatory Commission’s move to lower the eligibility threshold to 100 kilowatts last June 26, 2026.

New Malampaya wells with estimated reserves of 222 billion cubic feet have begun supplying natural gas to Luzon power plants, strengthening domestic energy security and potentially reducing the country’s exposure to volatile imported fuel prices.

OceanaGold (Philippines) Inc. grew its third-quarter net income by 5 percent to USD28.3 million as higher gold prices, improved by-product credits, and lower sustaining capital expenditures boosted margins and generated USD51.4 million in free cash flow at its Didipio gold-copper mine.