Energy & Mining
Interim ERC head acts quickly on pending power generation proposals
The Energy Regulatory Commission (ERC) has passed judgment and approved over 500 power generation contracts on its first week as a fully staffed government agency.
Energy, transport workers rank high in transition program
The Department of Environment and Natural Resources (DENR) has given the energy and transport sectors primacy over others at the Just Transition Program that shields the so-called vulnerable sectors against the impact of climate change. The energy and transport sectors account for 56 percent of the country’s greenhouse gas emissions.
EDC secures rights to develop geothermal resources in Indonesia
Lopez family owned Energy Development Corp. (EDC) has been granted exploration and drilling rights needed as preliminary survey assignment plus exploration (PSPE) of greenfield geothermal projects in Indonesia.
Preliminary WESM rates down 34.7 percent in September
The average price of electricity at the Wholesale Electricity Spot Market (WESM) fell lower in September as power demand slowed even as supply availability increased, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
ACEN to subscribe to 50 million Balenos Energy to fund renewable energy investments
ACEN Corp., the renewable energy arm of the Ayala Group, said Wednesday it will subscribe to 50 million new shares of Belenos Energy Corp., a special purpose vehicle for development projects in the Philippines.
