ABERON VOLTAIRE PALAÑA, TMT

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DAVAO-BASED independent oil firm Phoenix Petroleum Philippines, Inc. (Phoenix Petroleum) said it will earmark P100 million for the creation of a mutual fund to benefit soldiers, policemen and their families as the company marked its 10th listing anniversary on Tuesday. “Our listing 10 years ago fueled the company’s expansion from…

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ABOITIZ Power Corp. said on Tuesday it plans to triple the combined capacity of its Bineng hydro power plant facilities in La Trinidad, Benguet to as much as 19 megawatts (MW) by 2019 after receiving the approval of the municipal council. According to AboitizPower, its renewable energy arm Hedcor will…

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Motorists will have to pay more for diesel and gasoline as oil companies implemented a hefty price increase effective Tuesday, July 11. In separate advisories, Pilipinas Shell, Seaoil, Eastern Petroleum, Phoenix Petroleum, and Flying V announced that they will raise the price of diesel by P1.20 and gasoline by 70…

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The Department of Energy (DoE) is organizing on Wednesday an energy conference for stakeholders and consumers to provide them with essential information on the rapidly evolving developments in the energy sector, proper energy utilization and energy resiliency. Recognizing the public’s vital role in the energy chain, DoE in partnership with…

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RENEWABLE energy company Citicore Power, Inc. (CPI) announced that it has secured service contracts from the Department of Energy (DoE) for five pumped-storage hydro power projects located across Southern Luzon with an aggregate capacity of 2,300 megawatts (MW). It said the five projects will pave the way for the realization…

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MANILA Electric Co. (Meralco), the country’s largest power distribution utility, announced on Friday that its power rates will slightly go up this July. Meralco said there will be an increase in the rate for a typical household by P0.0761 centavos per kilowatt hour (kWh) this July, thereby bringing the overall…

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DAVAO-BASED independent oil company Phoenix Petroleum Philippines, Inc. (Phoenix Petroleum) announced on Thursday it is acquiring the liquefied petroleum gas (LPG) businesses of Petronas Dagangan Bhd (PDB) in the Philippines for a total purchase price of $126.1 million (P6.39 billion). Phoenix said it is acquiring 100 percent of the shares…

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The Department of Energy (DoE) has been strongly pushing for a sound policy that will ensure energy projects are implemented on time. Supporting this call, President Rodrigo Duterte issued on June 30 Executive Order (EO) No. 30, creating an Energy Investment Coordinating Council (EICC) under the DoE that will spearhead…

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Manila Electric Co. (Meralco), the country’s largest power distribution utility, categorically denied it has entered midnight contracts as alleged by certain interest groups, which questioned the seven Power Supply Agreements (PSAs) that have been pending with the Energy Regulatory Commission (ERC) since April 2016. The company said that these PSAs…

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