Energy
WESM rates up in February
The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).
Meralco power rates lower in Feb
Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
On the BNPP, after the US and China, now comes South Korea
A South Korean firm has offered to revive the mothballed Bataan nuclear power plant (BNPP), an offer coming on the heels of those offered earlier by the US and China, according to the Philippine Nuclear Research Institute (PNRI).
Israel sanguine on local partner prospect in Palawan oil and gas project
The Israeli firm Ratio Petroleum operating Service Contract (SC) 76 in the East-Palawan Basin is hopeful of finding a local partner in exploring the resource area.
SP New Energy bent on completing stock rights, asset-for-share swap with Solar Philippines
SP New Energy Corp., a listed renewable energy company, is committed to complete its stock rights offering that will raise P2.82 billion in fresh equity to pursue various green energy projects and facilitate its proposed share-for-asset swap with Solar Philippines Power Project Holdings Inc.
