Energy & Mining
SteelAsia speeds up expansion, targets $2B import gap
SteelAsia Manufacturing Corp. is accelerating its expansion program as it pushes to replace imported steel with locally produced alternatives, a strategy that could reduce the Philippines' trade deficit by as much as USSD2 billion once its new facilities are fully operational.
DOE, Ayala Land launch weekly energy-saving drive
The Department of Energy (DOE) and Ayala Land, Inc. have launched a nationwide campaign encouraging Filipinos to cut electricity consumption for one hour each week, as the government intensifies efforts to promote energy efficiency and strengthen energy security.
EDC seeks nod for upgrade of P25-B Negros geothermal facility
The Department of Environment and Natural Resources (DENR) will hold a public hearing on June 24, 2026 for Energy Development Corporation’s proposed P25-billion expansion and upgrade of the Southern Negros Geothermal Project steam field in Valencia, Negros Oriental.
DOE transfers power sector function to BARMM-MENRE under new transition deal
The Department of Energy (DOE) and the BARMM’s Ministry of Environment, Natural Resources and Energy (MENRE) have signed two key agreements: a Transition Agreement (TA) on power and electrification, and a Memorandum of Cooperation (MOC) on energy efficiency.
Saudi energy giant ACWA Power invests in Clark
Saudi Arabia-based ACWA Power has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site in New Clark City, paving the way for a utility-scale solar and battery storage project that could attract up to USD200 million in investments and supply clean power to emerging industries in Central Luzon.
