Energy & Mining
Lotilla lauds BSP for time-bound measures encouraging sustainable lending
The Department of Energy (DOE) on Wednesday welcomed the Bangko Sentral ng Pilipinas (BSP) decision allowing banks to increase the single borrower limit (SBL) by 15 percent and the phased reduction of sustainable asset reserves to zero as incentive for lending to renewable energy proponents.
Alternergy, partner finds Tablas Strait suitable for offshore wind development
Alternergy Holdings Corp. and its venture partner Shell Overseas Investment B.V. have completed studies on the feasibility of four offshore wind energy service contracts (WESCs) obtained from the Department of Energy.
NEA tells electric cooperatives to add 1.36 million more connections over 5 years
The National Electrification Administration (NEA) has tasked all 121 electric cooperatives (ECs) around the country to observe the target connection goals set out under the five-year electrification plan of the government.
Oil prices extend gains as Red Sea attacks disrupt supply chains
Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.
CREC looks to generate P12.94 billion from IPO
Citicore Renewable Energy Corp., a pure-play renewable energy producer ranked as second largest solar energy generator, has filed its P12.94 billion initial public offer at the Philippine Stock Exchange.
