Energy & Mining
BOC closes fuel station in Valenzuela selling smuggled gasoline
Customs officials at the Manila International Container Port (MICP) bared on Friday the closure of a gas refilling station in Valenzuela for allegedly selling millions of pesos worth of unmarked fuel.
ADB identifies 7 PH ports with potential as OSW power facilities
The Asian Development Bank has chosen to support seven port sites across the Philippines with the greatest potential for success as offshore wind (OSW) projects, enough to push ahead and begin the technical assistance phase of the development program.
Meralco unit MGreen grants P6.7 billion loan to SP New Energy; may swap it for shares
Manila Electric Co. said its wholly-owned subsidiary, MGen Renewable Energy Inc., has extended a P6.7 billion one-year loan to could provide with an 11.6 percent of SP New Energy Corp., a listed renewable energy company.
Meralco acquires additional SPNEC shares
Meralco PowerGen Corp., a unit of power distributor Manila Electric Co., is buying an additional 11.6 percent stake in SP New Energy Corp. worth P7.5 billion from shares owned by Leandro L. Leviste.
DOE mulls 55 percent biodiesel blend for power generation
The Department of Energy (DOE), likely in coordination with the National Power Corp. (NPC), plans ramping up the biodiesel mix sharply to 55 percent among power generation companies as part of the larger goal of reducing the country's carbon footprint.
