Energy & Mining
Mixed fuel price adjustments expected; 203 power firms warned by DOE
The Department of Energy (DOE) announced on Monday that fuel prices will see mixed adjustments this week, even as global crude markets begin to stabilize.
First Gen secures full rights to build 120-MW Aya pump storage facility in Nueva Ecija
First Gen Corporation signed a memorandum of agreement (MOA) on June 30, 2026, to develop the Aya Pumped-Storage Project (Aya PSP) in Pantabangan, Nueva Ecija, marking a major step forward for the 120-megawatt facility. The agreement grants First Gen full authority to develop, build, operate, and maintain the project, as well as official endorsement to secure all remaining required permits. The MOA is effective for 25 years and may be renewed for an additional 25 years.
ACEN taps partner for India wind project expansion
ACEN Corp. is bringing in a strategic partner for one of its wind projects in India as it continues to recycle capital while expanding its renewable energy footprint overseas.
Mixed fuel price adjustments to continue this week
Fuel prices will likely see mixed movements this week, according to Leo Bellas, president of Jetti Petroleum.
Batelec II greenlights competitive bidding for private sector partnerships
Batangas II Electric Cooperative Inc. (Batelec II) has approved a public bidding or Competitive Selection Process (CSP) to review proposals for private sector participation in its power distribution operations.
