Marcos govt keeps ban on new Philippine coal plants
The Philippines’ new government of president Ferdinand Marcos will keep a moratorium on new coal-fired power plants in the country to avoid sending mixed signals to investors.
Lotilla eyes ASEAN-coordinated policy framing on nuclear power
A “coordinated policy-framing” approach with member-economies of the Association of Southeast Asian Nations (ASEAN) is being eyed by the Philippines on its targeted nuclear power development, including planned deployment of small modular reactor (SMR) technologies.
Norway says RE investment to hinge on PHL openness to foreign equity
Norway’s ambassador said the Philippines is a potential destination for Norwegian businesses, but their interest in renewable projects here will depend on the industry’s openness to foreign investment.
DOE sets ‘corrective policies’ to lure fresh oil exploration investments
The Department of Energy (DOE) will re-take “baby steps” and will push for “corrective policies” to entice fresh capital flow in the country’s upstream oil and gas sector, especially in areas not encumbered by territorial disputes.
Shell and Nickel Asia team up for renewable energy in Philippines
Shell (LON:SHEL) has signed a collaboration agreement with Nickel Asia’s renewable energy subsidiary, Emerging Power (EPI), to jointly develop, own, operate, and maintain renewable energy assets in the power hungry Philippines.
Siemens Gamesa swoops on 70MW Philippines wind
Siemens Gamesa has secured a 70MW turbine deal for wind project in the Philippines, developed by Acen Corporation.
PH Nuclear Research Institute: Bataan nuclear plant can be operated in 4-5 years if approved
The Bataan Nuclear Power Plant can be operational in four to five years once all issues concerning the facility are settled, an arm of the Department of Science and Technology said.
Meralco cuts power rates in August
The Manila Electric Co. (Meralco) implemented another reduction in rates for the second consecutive month in August, with the electricity bill of a typical household to become cheaper by P0.2087 to P9.5458 per kilowatt-hour (kWh).
