Energy & Mining
Prime Energy backs continued development of indigenous natgas
Prime Energy Resources Development B.V. has reaffirmed its commitment to advancing the country's energy independence through the continued development of indigenous natural gas resources, particularly from the Malampaya gas field.
TDK taps Aboitiz for Laguna solar power project
Aboitiz Upgrade Solar Inc. (AUSI), a renewable energy affiliate of Aboitiz Power Corp., has partnered with electronics manufacturer TDK Philippines Corp. (TPC) to install a 5.65-megawatt-peak (MWp) rooftop solar PV system across two TPC facilities in Laguna.
NEA to invest P600M in Basilan Electric Coop rehab
The National Electrification Administration (NEA) announced plans to invest at least P600 million to rehabilitate the facilities of Basilan Electric Cooperative (Baselco), aiming to modernize its outdated infrastructure and improve service reliability.
Meralco signals rate hike due to peso weakness
Manila Electric Co. (Meralco) has warned of a potential rate increase for October due to the weaker performance of the Philippine peso against the US dollar.
Pump price hike defies rollback projections
The various fuel retailers will implement price hikes starting Tuesday, October 8, with gasoline and kerosene prices increasing by P0.20 per liter, and diesel by P0.80 per liter. The adjustments will take effect at 6:00 a.m. for Seaoil, Jetti, and PTT, and at 6:01 a.m. for Caltex.
