April 18, 2018

ECs thumb down entry of private firms in their franchise areas

By Myrna M. Velasco – April 17, 2018, 10:00 PM from Manila Bulletin The country’s electric cooperatives (ECs) are refusing the entry of deep-pocketed third party investors in their respective franchise areas, including those that had been rendered ‘unviable’ for […]
April 18, 2018

Global Business Power investing P5b in renewable plants

By Alena Mae S. Flores – April 17, 2018 at 07:35 pm from manilastandard.net Iloilo City―Global Business Power Corp. said it plans to invest P4 billion to P5 billion in its foray into renewable energy projects with a capacity of […]
April 18, 2018

PetroEnergy income reached $8.46 million last year

By Lenie Lectura – April 17, 2018 from Business Mirror PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher revenues. The company attributed the profit […]
April 16, 2018

More RE rollout to hike oil’s share in power mix

By Myrna M. Velasco – April 15, 2018, 10:00 PM from Manila Bulletin It is an ironic twist, but the Philippines target of 15,304 megawatts of renewable energy (RE) capacity into its power system until year 2030 under the Renewable […]