Energy & Mining

Aboitiz Power Corp. subsidiary Therma Marine Inc. (TMI) on Tuesday projected greater stability of power across the Mindanao grid with the ceremonial switch-on of the 49-megawatt hybrid battery energy storage system (BESS) on a floating platform in Maco, Davao de Oro.

The price of fuel at the pumps rises yet again at past midnight on Tuesday when retailers Seaoil and Caltex sell its gasoline products P0.40 per liter higher, diesel P0.95 per liter more and kerosene by another P0.85 per liter.

Alternergy Holdings Corp. subsidiary Alternergy Tanay Wind Corp. (ATWC) has signed an interconnection agreement (ICA) with the National Grid Corporation of the Philippines (NGCP) linking its 100-megawatt Tanay wind power project in Rizal Province to the national power line.

Citicore Renewable Energy Corp. (CREC) has secured funding from the investment banking arm of the Rizal Commercial Banking Corp. (RCBC) for its solar power programs.

First Gen Corp., the power generation flagship of the Lopez Group, said Monday it awarded a contract to CNOOC Gas and Power Trading & Marketing Ltd. for the delivery of 130,000 cubic meters of liquefied natural gas after a recent tender.