Energy & Mining
REDC, NIA sign agree to develop hydropower plants
Repower Energy Development Corp., the hydropower subsidiary of Pure Energy Holdings Corp., has signed a memorandum of understanding with the National Irrigation Administration (NIA) and its intent to pursue the development of mini hydropower plants in areas where the NIA has existing infrastructure.
Meralco power rates down by nearly P1/kWh in April
Manila Electric Co., the country’s largest power distributor, said Monday power rates in April, which will be reflected in consumers' May electricity bills, dropped by P0.9879 per kiloWatt-hour, reducing the cost of energy for a typical household down to P10.9518 per kWh from P11.9397 per kWh in March.
Vivant expanding its energy, water project footprints in PH
Vivant Corp. is further expanding its renewable energy (RE) and water business footprints this year having posted a 43 percent surge in net income last year.
SP affiliate secures $14 million loan for 25-MW solar project in Indonesia
Renewable energy developer Solar Philippines, in joint venture with Medco Energi under PT Medcosolar Bali Timur, has obtained a loan from Bank Negara Indonesia (BNI) for the construction of a 25-megawatt (MW) solar farm in East Bali, Indonesia.
Keeping up with RPS requires installing more than 52 MW from RE sources
The Philippines needs to generate at least 52,826 megawatts from renewable energy (RE) sources between now and 2040 just to keep up with the Renewable Portfolio Standard (RPS), the Department of Energy (DOE) said.
