JORDEENE SHEEX LAGARE

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The Philippines has significantly increased its investment in renewable energy (RE) sources, specifically in solar projects, in 2016, a study has shown. The country invested $1 billion in renewables last year, with solar power making up almost all of the capacity investment, Perry Stoneman, Capgemini’s executive vice president and global…

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Listed power distributor Manila Electric Co. (Meralco) expects sales volume growth to hit 4.5 percent this year instead of the “slightly above” 4.5 percent projection made by its president in October. Meralco President Oscar Reyes attributed the reduced sales forecast to high base effects over the past two years and…

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Maynilad Water Services Inc. has struck a twinning partnership with the Tagbiliran City government in Bohol province on the enhancement of water operations there. Under the partnership, Maynilad will share its technical expertise on water loss and water-pressure management, which, in turn, will help the local government improve the water…

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Shanghai-based startup Energo Labs is aiming to attain a higher level for its plan to decentralize energy production and consumption in the Philippines, its founder has said. Energo Labs COO and founder Nichole Yang told The Manila Times in a one-on-one interview that her company seeks to scale up and…

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MANILA Electric Co. (Meralco), the country’s largest power distribution utility, is embarking on a digital transformation by adopting new technologies, including the development of a smart grid, to better serve its customers and enhance grid reliability. According to Meralco Chief Technology Advisor Gavin Barfield, the power company is looking to…

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Listed property developer MRC Allied Inc. has signed an agreement with a Chinese power company that’s interested in taking on liquefied natural gas (LNG) initiatives in the Philippines. In a disclosure, MRC Allied said on Friday it signed a memorandum of understanding (MOU) with Guangdong Power Engineering Co. Ltd.(GPEC), a…

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PRESIDENT Rodrigo Duterte on Friday named a former Justice secretary and government counsel as the new chairman of the Energy Regulatory Commission (ERC). The appointment letter signed on November 22 gave Agnes Vicenta Salayo Torres Devanadera a term of up to July 10, 2022 as head of the power industry…

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The majority of senators approved on second reading on Wednesday a bill seeking to accelerate and modernize the permitting process of energy generation projects in the Philippines. Senate Bill (SBN) No. 1439, or the Energy Virtual One Stop Shop (Evoss) Act of 2017, aims to eliminate overlapping mandates when it…

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The government has expanded its latest retail treasury bond (RTB) offering to P130 billion from P30 billion with officials citing market demand and desire to tap consumer funds ahead of the Christmas spending seasion. “For the 20th offering of retail treasury bonds, we are taking advantage of the added liquidity…

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The stock market eked out a slight gain on Monday with investors said to have taken heart from positive economic growth data and blue chip gains. The bellwether Philippine Stock Exchange (PSE) gained 10.90 points or 0.13 percent to close at 8,321.98. The wider All Shares, however, lost 2.07 points…

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