Energy & Mining

The Power Sector Assets and Liabilities Management Corp. (PSALM) suffered a setback in its privatization drive after the bidding for its prime 39,698-square-meter Diliman property in Quezon City failed when none of the three interested firms submitted bids or paid participation fees. Holding a minimum price tag of P11.09 billion, the prime real estate asset represents a major financial opportunity for the state-run entity as it works to liquidate government power assets. PSALM now plans a second attempt next year, requiring a revised marketing strategy and new auction guidelines.

Mother Teresa of Calcutta Medical Center (MTCMC) has signed a renewable energy supply agreement with First Gen, becoming the first hospital in Pampanga to switch to clean power under the government’s Retail Aggregation Program.

The Philippines will promote low-carbon cement production, alternative fuels and energy-efficient technologies across Southeast Asia as it assumes the presidency of the ASEAN Federation of Cement Manufacturers (AFCM) for 2026–2028, balancing environmental goals with the industry’s competitiveness.

The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

The Department of Energy has confirmed it is fully mobilized to safeguard power supply as the Philippines braces for a projected Super El Niño lasting through the first half of 2027, with the driest conditions forecast from November this year to April 2027.