Philippines: Record number of applications received for oil, gas, natural hydrogen exploration
A record number of applications from local and foreign companies seeking to explore for oil, gas, and natural hydrogen resources in the country were received by the government, the Department of Energy (DOE) has announced recently.
PE2: Peak demand should be managed before building new capacities
Philippine Energy Efficiency Alliance, Inc. (PE2) says that managing the country’s peak demand should be considered first before building new capacities.
DoE seeks P10B in funding for energy management program
THE Department of Energy (DoE) is arranging financing of about P10 billion to accelerate a program that will reduce power consumption at government agencies.
Natural Gas Bill: Understanding priority for ‘Filipino gas’
MANILA, Philippines—As the Philippines continues to grapple with the challenges of energy security and sustainability, lawmakers are pushing forward with Senate Bill (SB) No. 2793, also known as the proposed “Philippine Natural Gas Industry Development Act.”
EVs to make up less than 10% of total vehicle sales this year — CAMPI
THE Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) expects that electric vehicles (EVs) will not reach 10% of total vehicle sales in the Philippines this year despite increasing demand, its president said.
Impact of high energy costs on the economy
The Philippines is recognized for its rich cultural heritage and its rapidly growing economy. However, we face a significant challenge that threatens our progress: the high cost of electricity. This issue affects businesses, goods production and consumers alike, creating a ripple effect throughout the economy.
Vena Energy moves ahead with 550 MW of solar in the Philippines
Singapore’s Vena Energy and MGen Renewable Energy, the renewables unit of Manila-based Meralco PowerGen Corp., have signed an investment agreement for 550 MW of solar in the Philippines. Construction is due to start later this year.
Meralco resumes bidding of 600MW, 400MW power supply
The Manila Electric Company (Meralco) announced Wednesday that the Competitive Selection Process (CSP) for its 600 megawatts and 400 MW power supply will resume.
