Energy & Mining

First Gen Corporation signed a memorandum of agreement (MOA) on June 30, 2026, to develop the Aya Pumped-Storage Project (Aya PSP) in Pantabangan, Nueva Ecija, marking a major step forward for the 120-megawatt facility. The agreement grants First Gen full authority to develop, build, operate, and maintain the project, as well as official endorsement to secure all remaining required permits. The MOA is effective for 25 years and may be renewed for an additional 25 years.

ACEN Corp. is bringing in a strategic partner for one of its wind projects in India as it continues to recycle capital while expanding its renewable energy footprint overseas.

Fuel prices will likely see mixed movements this week, according to Leo Bellas, president of Jetti Petroleum.

Batangas II Electric Cooperative Inc. (Batelec II) has approved a public bidding or Competitive Selection Process (CSP) to review proposals for private sector participation in its power distribution operations.

The Philippines is deepening talks with Canadian engineering and nuclear technology firm AtkinsRéalis as it explores civil nuclear power to bolster long-term energy security, support industrialization, and reduce dependence on imported fossil fuels.