Energy & Mining
First Gen plans ₱41.7B capex for 2026 to expand renewable energy projects
Power producer First Gen Corporation is preparing up to ₱41.7 billion in capital spending for 2026, a 24.5 percent increase from its ₱33.5 billion capex in 2025, company officials said.
Spot power prices ease in February, but regulators warn of possible surge if Middle East tensions drive fuel costs up
Electricity prices in the country’s spot market slipped slightly in February, offering temporary relief to consumers, but regulators are warning that global fuel disruptions linked to Middle East tensions could quickly push rates higher.
SM Group to spend $50M exploring new geothermal wells
The SM Investments Corporation (SMIC) group plans to spend more than US$50 million this year to explore geothermal steam in six new sites, as it expands its renewable energy business.
Aboitiz Power’s 2025 profit slips as one-off costs weigh on earnings
Aboitiz Power Corp. reported a slight decline in its core earnings for 2025 as one-off accounting costs tied to a major power project weighed on results, even as electricity sales grew.
Gov’t eyes standby diesel purchase via PNOC amid supply concerns
The Department of Energy (DOE) said the government is considering buying additional diesel fuel through the Philippine National Oil Company (PNOC) to build standby reserves in case of supply disruptions.
