The Department of Energy (DOE) is seeking legal guidance from the Office of the Solicitor General (OSG) after the Supreme Court (SC) ruled as unconstitutional the agreement on joint marine seismic undertaking (JMSU) in the West Philippine Sea.
Vivant Corp. said its income last year fell 10 percent to P1.6 billion from the previous year’s P1.77 billion even though its power business continued to drive the company’s profits.
ACEN Corp., the listed energy arm of Ayala Group, said it acquired a portfolio of eight operating wind projects in Texas, U.S.A. through its joint-venture company, UPC Power Solutions LLC.
Energy officials look to the local debt market for relief and find a P5 billion credit line quickly to underwrite the financing requirements of the Small Power Utilities Group (SPUG) operated by the National Power Corporation (NPC).
The pursuit of alternative fuels is top of mind among policy planners in the pursuit of a stable and cost-effective energy sources to run the various industries, the Department of Energy (DOE) said on Wednesday.