Energy & Mining
DOE rules out power deficit in 2024 but prudently makes preparations
The Department of Energy projects sufficient power generation from the various power companies next year enough for the DOE to rule out yellow or red alerts no matter the feared impact of the El Niño weather disruptions.
Higher reserves help ease WESM rates in December
The average price of electricity at the Wholesale Electricity Spot Market (WESM) eased in December, according to the Independent Electricity Market Operator of the Philippines (IEMOP). It attributed the decrease in the average spot price of power to higher levels of reserves.
Aboitiz unit keen on adding three more BESS projects
SN Aboitiz Power Group (SNAP) is keen on adding three more battery energy storage systems (BESS) in its portfolio.
South Korea to provide $29 billion to support battery industry over 5 yrs
South Korea will provide 38 trillion won (USD29 billion) in financing to strengthen its battery industry over the next five years, as global competition to secure battery supply chains remains fierce, the government said on Wednesday.
ACEN bares clean energy program in Dubai
ACEN Corp. has adopted a comprehensive plan reinforcing its commitment to phase out a 246-megawatt coal-fired power plant in Batangas with clean energy.
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