Energy & Mining

The Department of Energy (DOE) said that South Korea’s Korea Electric Power Co. (Kepco) has reaffirmed its commitment to continue investing in the Philippines, particularly in the renewable energy (RE) sector. The declaration follows a courtesy meeting Thursday between DOE secretary Raphael Lotilla and Kepco president Kim Dong-Cheol.

Nickel Asia Corp., a leading player in the Philippines' natural resources sector, reported its audited financial results for 2024, revealing a net income of P1.52 billion.

The Department of Energy (DOE) remains committed to advancing the Philippines' nuclear energy program despite ongoing challenges related to financing and supply chain issues. This developed in the wake of a recent meeting with leaders of the Organization for Economic Cooperation and Development Nuclear Energy Agency (OECD-NEA).

The Manila Electric Co. (Meralco) has secured a critical 200 MW emergency power supply agreement (EPSA) with the coal-fired Sual Power plant in Pangasinan, ensuring stability in its franchise area, particularly in the upcoming hot months.

The Energy Regulatory Commission (ERC) has deferred the approval of capital expenditure projects proposed by the National Grid Corporation of the Philippines (NGCP) totaling P20.32 billion.