ABERON VOLTAIRE PALAÑA, TMT

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THE National Electrification Administration (NEA) rallied all electric cooperatives under its supervision to support the agency’s legislative agenda, including the possibility of expanding its authority over all power distribution utilities (DUs). NEA chief Edgardo Masongsong asked the general managers of the electric cooperatives (ECs) to help him lobby Congress to…

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VESTAS Wind Systems A/S, said to be the world’s biggest maker of wind turbines, is bullish on the Philippines’ renewable energy potential, particularly in wind power, to meet the country’s demand for clean energy. “The Philippines has some of the most abundant wind resources in Southeast Asia. And modern wind…

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ABOITIZ Power Corp. (AboitizPower) said on Friday that the Securities and Exchange Commission (SEC) has approved its application to issue up to P30 billion worth of fixed-rate corporate retail bonds under shelf registration. AboitizPower said it received a letter on Friday from the Markets and Securities Regulation Department of the…

EU, ECCP URGE PHILIPPINES

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European Union (EU) officials in the Philippines urged the government to open the water sector fully to foreign investors to increase competition and level the playing field so as to enhance water service in the country. Walter van Hattum, head of the economic and trade section delegation of the EU…

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OIL companies will implement another hefty price cut on Tuesday, the second price rollback after a series of price increases. Petron, Pilipinas Shell, Phoenix Petroleum, Seaoil, PTT Philippines, Eastern Petroleum, and Flying V announced that they will rollback the price of diesel and gasoline by 95 centavos and 80 centavos…

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Senior energy officials from member-states of the Association of Southeast Asian Nations (Asean) +3, which include China, Japan and Korea, concluded the 14th Energy Security Forum (ESF) with a consensus to share of relevant energy developments to ensure energy security in the region. The concensus covers particularly coal, oil and…

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