Energy & Mining
Fuel at the pumps rise yet again beginning Tuesday
The price of fuel at the pumps rises yet again at past midnight on Tuesday when retailers Seaoil and Caltex sell its gasoline products P0.40 per liter higher, diesel P0.95 per liter more and kerosene by another P0.85 per liter.
Alternergy’s 100-MW wind unit links up with NGCP
Alternergy Holdings Corp. subsidiary Alternergy Tanay Wind Corp. (ATWC) has signed an interconnection agreement (ICA) with the National Grid Corporation of the Philippines (NGCP) linking its 100-megawatt Tanay wind power project in Rizal Province to the national power line.
CREC secures P20B from RCBC for solar projects
Citicore Renewable Energy Corp. (CREC) has secured funding from the investment banking arm of the Rizal Commercial Banking Corp. (RCBC) for its solar power programs.
First Gen taps CNOOC Gas for delivery of 130,000 cubic meters of LNG
First Gen Corp., the power generation flagship of the Lopez Group, said Monday it awarded a contract to CNOOC Gas and Power Trading & Marketing Ltd. for the delivery of 130,000 cubic meters of liquefied natural gas after a recent tender.
Installed capacity still led by coal grew by a meagre 0.12% in 2023
The country’s installed capacity at the grid grew by a meager 0.12 percent in 2023 compared to 2022, with coal still dominating the power mix, data from the Department of Energy (DOE) show.
