Energy & Mining
EDC secures rights to develop geothermal resources in Indonesia
Lopez family owned Energy Development Corp. (EDC) has been granted exploration and drilling rights needed as preliminary survey assignment plus exploration (PSPE) of greenfield geothermal projects in Indonesia.
Preliminary WESM rates down 34.7 percent in September
The average price of electricity at the Wholesale Electricity Spot Market (WESM) fell lower in September as power demand slowed even as supply availability increased, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
ACEN to subscribe to 50 million Balenos Energy to fund renewable energy investments
ACEN Corp., the renewable energy arm of the Ayala Group, said Wednesday it will subscribe to 50 million new shares of Belenos Energy Corp., a special purpose vehicle for development projects in the Philippines.
Meralco secures 15-year, 400-MW supply deal from GNPower
The Manila Electric Co., the country’s largest power distributor, on Tuesday said it has awarded the supply contract for its 400-megawatt mid-merit requirement to GNPower Dinginin Ltd. Co.
DOE monitoring fuel retailer compliance to higher biodiesel blend
The Department of Energy (DOE) on Tuesday committed to strictly monitor retailer compliance to higher coco methyl ester (CME) blend of 3 percent (B3) on all diesel products sold in the country.
