ADB grants $250-M loan for Philippines’ climate change efforts
Manila-based multilateral lender Asian Development Bank (ADB) on Tuesday said it has approved a $250 million policy-based loan aimed at supporting the Philippine government’s climate change adaptation and mitigation efforts.
Philippines Sees FDI Opportunities as World Turns Greener
The Philippines is counting on the world’s shift to green technology and the pandemic-induced demand for data centers to boost investments in its mining industry, a top official said.
AboitizPower RE project in Pangasinan to start ops in 2023
MANILA – Aboitiz Power Corp. will begin the commercial operation of its second solar power project in the province of Pangasinan in June 2023.
House energy panel chair Mikey Arroyo lauds BBM negotiation with OPEC
MANILA, Philippines — House energy committee chairman and Pampanga 2nd District Rep. Juan Miguel “Mikey” Arroyo has lauded the move of President-elect Ferdinand “Bongbong” Marcos to negotiate with the Organization of Petroleum Exporting Countries (OPEC) to address the alarming rise in oil prices.
Marcos wants lower electricity prices, nuclear energy
MANILA, Philippines – President-elect Ferdinand Marcos Jr. said on Thursday, May 26, that he will be pushing for lower electricity rates, as he mentioned adding nuclear power to the energy mix.
Duterte: Next gov’t should consider using nuclear energy
President Rodrigo Duterte on Monday expressed hope that the next administration will explore the possibility of using nuclear energy in the Philippines amid rising oil prices. Oil prices have surged for more than 10 straight weeks as the Russia-Ukraine war affected the global crude oil supply since late February this year.
More energy plants for Visayas ‘soon’
HYDROPOWER and geothermal power plants will soon be built in the Visayas to provide additional power supply in the island. Department of Energy (DOE) Visayas Director Russ Mark Gamallo said a feasibility study on hydropower plant is being conducted in Western Visayas, while the proposed geothermal power plant in Carigara, Leyte has already been approved.
Marcos reviewing South Korea recommendations on nuclear plant revival
Presumptive President Ferdinand “Bongbong” Marcos Jr. on Monday said he was looking into reviving the mothballed nuclear power plant built during his late father’s dictatorship. The Philippines needs to be ready with higher power supply “if we are going to industrialize post-pandemic,” Marcos told reporters in a press conference after his meeting with several ambassadors.
