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The National Grid Corp. of the Philippines (NGCP), the private operator of the country’s power transmission highway, is targeting to proceed with the 500-million Leyte-Mindanao Interconnection Project (LMIP) with a plan to seek regulatory approval by yearend. The LMIP, which involves a proposed expenditure of $500 million or approximately P22…

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Phoenix Petroleum Philippines Inc., one of the largest independent oil players in the country, saw its 2013 full-year revenue growing to P43.5 billion after its fuel sales volume grew during the year. A disclosure to the Philippine Stock Exchange (PSE) on Thursday showed that Phoenix Petroleum posted a 26-percent growth…

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Efforts to lay down a long-term energy plan to ensure sustainable power regime for Mindanao could also prepare the island for spatial development initiatives being pursued under a corridors program approach. “The Mindanao Energy Plan [MEP] sets specific strategies in support of the energy requirements of the Mindanao 2020, especially…

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WASHINGTON, D.C.: Historic subsidies propping up US wind energy ended on January 1 and Congress refused to renew them, despite supporters arguing that the aid has made renewable power cheaper than coal. The United States has subsidized wind-sourced electricity since 1992 to promotes the use of green energy and crack…


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LIssted food and beverage company RFM Corp. has acquired the Unilever Group’s pasta business for more than P2 billion. Besides pasta business, RFM is also in a joint venture with Unilever for Selecta ice cream. Still subject to customary closing requirements, RFM has agreed to acquire the Royal brand and…

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The Department of Agriculture (DA) expects another record palay (unmilled rice) production despite damage in rice areas in Central Philippines brought about by Super Typhoon Yolanda. In an interview, Agriculture Secretary Proceso Alcala said that rough rice production for 2013 likely exceeded the 2012 level of 18.03 million metric tons…

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