Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
A South Korean firm has offered to revive the mothballed Bataan nuclear power plant (BNPP), an offer coming on the heels of those offered earlier by the US and China, according to the Philippine Nuclear Research Institute (PNRI).
The Israeli firm Ratio Petroleum operating Service Contract (SC) 76 in the East-Palawan Basin is hopeful of finding a local partner in exploring the resource area.
SP New Energy Corp., a listed renewable energy company, is committed to complete its stock rights offering that will raise P2.82 billion in fresh equity to pursue various green energy projects and facilitate its proposed share-for-asset swap with Solar Philippines Power Project Holdings Inc.
China has offered the Philippines an opportunity to capitalize on its technology either to revive the mothballed Bataan Nuclear Power Plant (BNPP) or build a new small modular nuclear reactor (SMR).