Energy & Mining
SPNEC under MVP in 2023 posted profits reaching P5.7 billion
SP New Energy Corp. (SPNEC), the listed renewable energy company now chaired by Manuel V. Pangilinan, reported net income of P5.7 billion in 2023.
Luzon and the Visayas power grids placed under alert status as heat index rises
Both the Luzon and Visayas grids were placed under alert status on Tuesday after 39 power plant units were on forced outage or alternatively de-rated with a total capacity of 2,793.8 megawatts (MW).
Fortified NGCP calls for more power sector investments for optimum system benefits
The National Grid Corporation of the Philippines (NGCP) on Tuesday highlighted the need for greater investments in power generation projects, more so now when the transmission grid across the country has interconnected and necessarily strengthened.
Aboitiz Power unit helps stabilize power in Mindanao
Aboitiz Power Corp. subsidiary Therma Marine Inc. (TMI) on Tuesday projected greater stability of power across the Mindanao grid with the ceremonial switch-on of the 49-megawatt hybrid battery energy storage system (BESS) on a floating platform in Maco, Davao de Oro.
Fuel at the pumps rise yet again beginning Tuesday
The price of fuel at the pumps rises yet again at past midnight on Tuesday when retailers Seaoil and Caltex sell its gasoline products P0.40 per liter higher, diesel P0.95 per liter more and kerosene by another P0.85 per liter.
