Energy & Mining
Main island groupings now interconnected – NGCP
The National Grid Corporation (NGCP) of the Philippines led ceremonies simultaneously switching on last Friday in Manila, Cebu and Lanao del Norte the full commercial operations of the Mindanao-Visayas Interconnection project (MVIP).
Proponents mull zero tariff even for two-, three-wheel EVs
Energy officials in tandem with their trade counterparts are evaluating proposals extending the zero tariff on four-wheel electric vehicles at the moment but apply the privilege even on two- and three-wheeler EVs, the Department of Energy (DOE) said.
P2 billion cost savings from measures ahead of hot months
Guidelines implementing a government-wide energy saving program is seen generating an estimated P2 billion, the Department of Energy (DOE) said on Thursday. The guidelines implementing Administrative Order 15 signed earlier by President Ferdinand Marcos Jr. should be out the latest by mid-February.
Oil edges up 1% on big US crude withdrawal, China stimulus
Oil prices edged up about 1 percent on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar.
Meralco identifies 1,200-MW South Premiere Power CSP offer as “best bid”
Manila Electric Co. or Meralco, the country’s largest power distributor, said Wednesday the South Premiere Power Corp. offer to provide 1,200 megawatts of power has been selected as the “best bid” among three others under the government-mandated competitive selection process (CSP).
