Energy
Meralco reworks CSP terms to ensure bidder participation
The Department of Energy (DOE) has endorsed the Manila Electric Co. (Meralco) idea to cap the offer of proponents under its competitive selection process (CSP) to encourage bidder participation and ensure success.
Lotilla lauds BSP for time-bound measures encouraging sustainable lending
The Department of Energy (DOE) on Wednesday welcomed the Bangko Sentral ng Pilipinas (BSP) decision allowing banks to increase the single borrower limit (SBL) by 15 percent and the phased reduction of sustainable asset reserves to zero as incentive for lending to renewable energy proponents.
Alternergy, partner finds Tablas Strait suitable for offshore wind development
Alternergy Holdings Corp. and its venture partner Shell Overseas Investment B.V. have completed studies on the feasibility of four offshore wind energy service contracts (WESCs) obtained from the Department of Energy.
NEA tells electric cooperatives to add 1.36 million more connections over 5 years
The National Electrification Administration (NEA) has tasked all 121 electric cooperatives (ECs) around the country to observe the target connection goals set out under the five-year electrification plan of the government.
Oil prices extend gains as Red Sea attacks disrupt supply chains
Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.
