September 1, 2021

SMPC remits ₧1.7B in royalties to government

BY LENIE LECTURA – AUGUST 31, 2021 from Business Mirror   CONSUNJI-led Semirara Mining and Power Corp. (SMPC) has turned over nearly P1.7 billion in royalty payment to the Department of Energy (DOE) in the second quarter. Of the amount, […]
September 1, 2021

Singapore group offers to acquire 5.7% of First Gen for P6.76b

By Alena Mae S. Flores – August 31, 2021 at 08:35 pm from manilastandard.net Philippines Clean Energy Holding Inc., controlled by Valorous Asia Holdings Pte. Ltd. of Singapore, offered to acquire up to 5.7 percent of First Gen Corp.’s outstanding […]
August 31, 2021

DoE orders Napocor to resolve Mindoro power issues; improvements expected by end of September

By Revin Mikhael D. Ochave – August 27, 2021 | 6:29 pm from Business World THE Department of Energy (DoE) said it has ordered the National Power Corp. (Napocor) to address the power supply concerns in Mindoro.    Energy Secretary Alfonso G. Cusi said […]
August 30, 2021

P32.33-B FIT payments to RE developers sought

By Myrna M. Velasco – August 30, 2021, 6:30 AM from Manila Bulletin Fund administrator National Transmission Corporation (TransCo) has applied for P32.331 billion worth of feed-in-tariff (FIT) subsidy that will be utilized as payment to qualified renewable energy (RE) […]