US ties up with Lopez-led EDC to study geothermal potential [BusinessWorld]

2022-11-24T16:15:56+08:0024 Nov 2022|Tags: , , , , , , , , , , |

A UNITED States agency is providing Lopez-led Energy Development Corp. (EDC) a grant of $413,120 to do a feasibility study for the development of a geothermal power plant in Mindanao. In a press release published on its website, the United States Trade and Development Agency (USTDA) said it launched along with US Vice President Kamala Harris the grant — valued at P23.56 million in the local currency — to study the geothermal potential of the southern island’s Amacan area.

RE share of 80% seen needed for PHL to become Paris-compliant [BusinessWorld]

2022-11-21T15:35:41+08:0016 Nov 2022|Tags: , , , , , , , , , , , , |

THE Philippines can only comply with its Paris climate commitments with an 80% share of renewable energy (RE) in its power mix by 2030, an energy think tank said.

NO BASIS FOR PETITION: ERC rejects rate hike sought by Meralco, SMC power subsidiaries [Inquirer]

2022-10-11T15:41:16+08:0005 Oct 2022|Tags: , , , , , , , |

The Energy Regulatory Commission (ERC) has denied the joint petition of Manila Electric Co. (Meralco) and listed conglomerate San Miguel Corp. (SMC) for higher power rates. Meralco and electricity suppliers South Premiere Power Corp. (SPPC) and San Miguel Energy Corp. (SMEC), both owned by SMC, earlier filed the petition as a temporary relief measure to cushion the impact of skyrocketing coal and fuel prices caused by the Russia-Ukraine war.

Former Aboitiz legal counsel new ERC chair

2022-08-09T10:19:08+08:0008 Aug 2022|Tags: , , , , |

President Ferdinand Marcos Jr. has named a former chief legal counsel and compliance officer of Aboitiz Power Corp. as chair of the Energy Regulatory Commission (ERC), Malacañang announced Friday. Marcos Jr. signed on Monday the appointment of Monalisa Dimalanta, who replaces Agnes Devanadera following the latter’s retirement on July 10.

Asia’s bet on gas looks increasingly risky

2022-04-26T15:21:35+08:0019 Apr 2022|Tags: , , , , , , , , , , , , , , , |

The region’s bloated pipeline of gas projects could lock in decades of high emissions, but recent price volatility may soon force a rethink by Chloé Farand | April 19, 2022| Published by China Dialogue | READ THE STORY HERE Across Asia, there are plans for more than 285 gigawatts of new [...]