Energy
Citicore Renewable, Pertamina NRE seal USD120M energy deal
Citicore Renewable Energy Corp., a leading Philippine renewable energy developer, and Indonesia’s Pertamina New & Renewable Energy, have completed a share subscription agreement, a significant step in regional clean energy cooperation.
First solar school powered under P1.3B electrification drive
The National Electrification Administration (NEA) and the Department of Education (DepEd) have energized the new solar power facility at Datu Saldong Domino Elementary School in Sitio Tagpangi, Buenavista, Agusan del Norte—marking the first installation under the government’s P1.295-billion Last Mile Schools electrification program.
ERC cites market, peso strength in power rate cuts
The Energy Regulatory Commission (ERC) on Thursday reported a decline in average power generation rates across 15 of 17 regions in May this year, citing favorable conditions at the Wholesale Electricity Spot Market (WESM), a drop in imported coal prices, and a stronger peso.
Vivant commits P46B to reach 30% RE goal by 2030
Vivant Corp. has committed up to P46 billion in capital expenditures through 2030 to achieve its goal of having 30 percent of its portfolio sourced from renewable energy (RE), CEO Arlo Sarmiento said at the company’s annual stockholders meeting.
Meralco unit commissions 100 MW ancillary power plant in Singapore
Meralco PowerGen Corp. (MGen) subsidiary Pacific Light Power Pte Ltd. (PLP) based in Singapore has commissioned a 100-megawatt (MW) fast-start ancillary services facility on Jurong Island, boosting its commercial capabilities in the city-state's highly competitive energy market.
