Energy
Committed power up by 33.8 percent in 2022
The generating capacity of so-called committed power plants from the private sector increased by 33.8 percent as at end-2022, according to the Department of Energy (DOE).
The DOE said...
LNG supply seen tight until 2025
The supply of liquefied natural gas (LNG) in markets around the world is seen to remain tight through 2025, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
Kawit substation to help ease critically loaded circuits in Cavite area
The Manila Electric Co. (Meralco) has started the development of a new substation in Kawit, Cavite to support the industrial expansion and growing energy demand of communities in the area.
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.
