Energy & Mining
NEA extends electric cooperatives over P260M in loans
The National Electrification Administration has extended various electric cooperatives across the country loans worth P263.78 million in just the first three months this year.
PERC unit taps Trina Solar to help it build a 117-MW solar facility
Petro Energy Resources Corp. (PERC) subsidiary Petro Green Energy Corp. is building a 117-megaWatt solar facility in a number of places around the country on the basis of a master supply agreement (MSA) it signed with global solar panels manufacturer Trina Solar.
ACEN, Rockefeller Foundation launch pilot project for funding of coal plants’ early retirement
ACEN Corp. and The Rockefeller Foundation have kicked off the pilot project under the first Coal to Clean Credit Initiative, an effort that could help the Philippines avoid up to 19 million tons of carbon dioxide emissions.
Basic Energy in partnership with Japan in Batangas wind project
Basic Energy Corp. forms half of the joint development and shareholder agreement with Japan's Renova Inc. to pursue a 50-megawatt wind power project in Batangas.
Luzon, Visayas grids still under alert status with 39 power plant units down
Both the Luzon and Visayas grids remain under yellow alert Thursday as 39 power plants were either under forced outage or de-rated in the absence of a total 2,667.3 megawatts worth of power.
