The Power Sector Assets and Liabilities Management Corp. (PSALM) and AboitizPower’s Therma Luzon Inc. formalized transfer of the 735-MW Pagbilao power plant and 1.06M sq.m. land in Quezon Province via Aug.25 signing. Land price: ₱2.95B. Ensures steady plant operation and supply amid rising demand, supporting energy security and privatization goals.

Thailand’s Gunkul Engineering has partnered with local developer SunAsia Energy for a $1-billion floating solar project at Laguna Lake, set to deliver 1,000 MW capacity as Southeast Asia’s biggest of its kind.

The Department of Energy (DOE) is moving forward with plans to bring electricity to more than 100,000 currently unenergized households across the Philippines, through an upcoming competitive bidding process for microgrid services.