Energy & Mining
Energy authorities project weeks more of yellow, red alerts across the grid
The Department of Energy (DOE) on Thursday projected persistent yellow and red alerts raised three or more weeks down the line when the heat index continues to be high and some of power plants go offline for maintenance and other events.
SPC Power sells shares in Bohol Light for P199.5 million
SPC Power Corp., a listed power generation company, said Thursday its board approve the sale of shares in Bohol Light Co., Inc. for P199.5 million.
Luzon, Visayas grid on power alert status a second time Wednesday
The Luzon and Visayas grids were placed under red and yellow alerts Wednesday beginning 3 p.m. as 49 power plants were either on forced outage or de-rated again. This meant the loss of 2,123.3 megawatts (MW) of power in the Luzon and Visayas grids.
Japan’s Taisei buys 25% stake in Yuchengco’s renewable energy firm PetroGreen
Japanese general contractor Taisei Corp. took a 25 percent stake in PetroGreen Energy Corp., a renewable energy subsidiary of the Yuchengco Group's Rizal Green Energy Corp.
PXP eyes new oil and gas projects as West Philippine Seas dispute rage
PXP Energy Corp., a listed upstream oil and gas company, said Wednesday it will pursue the development of natural gas prospects around Cebu as well as assess other oil and gas projects within the country as territorial dispute in the West Philippine Sea prevents it from pursuing exploration and drilling activities in the area.
