Energy
Oriental Peninsula affiliate signs power deal with Marubeni
Oriental Peninsula Resources Group Inc., which trades on the stock exchange under the symbol ORE, said Tuesday one of its affiliate, Oriental Energy & Power Generation Corp., has signed an agreement with Japan’s Marubeni Corp. for the development of renewable energy sources in the Philippines.
Gas prices down for second straight week
Local oil retailers implemented a price rollback for the second consecutive week.
Globe Unit, Ayala import electric scooters and battery-swapping tech
Globe Telecom Inc. said Monday that its unit 917Ventures and Ayala Corp. have brought into the country the first batch of 100 smart scooters to jumpstart its effort to reduce fossil fuel use.
Developer fires first of an eventual 5,000-MW RE portfolio
Alternative or renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has set aside capital expenditure of $800 million or P43.58 billion this year meant to add 1,000 megawatts (MW) worth of projects in its portfolio.
NEA uncovers irregular 130-MW power purchase
The National Electrification Administration (NEA) has issued show-cause letters (SCL) against eight electric cooperatives (ECs) to explain an allegedly "highly irregular process" by which their collective purchase of 130 megawatts of electricity have been conducted.
