September 26, 2020

DOE gives nod for FGen to construct $300-M FSRU project

By Myrna M. Velasco – September 26, 2020, 5:00 AM from Manila Bulletin The Department of Energy (DOE) has approved the construction timeline applied for by FGEN LNG Corporation, a joint venture of Lopez-led First Gen Corporation and Tokyo Gas […]
September 26, 2020

DOE awards FIT incentives to biomass, hydro projects

By Myrna M. Velasco – September 25, 2020, 1:21 PM from Manila Bulletin The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations […]
September 25, 2020

SPEx: No Malampaya sale unless we find most qualified buyer

By Lenie Lectura – September 25, 2020 from Business Mirror SHELL Philippines Exploration B.V. (SPEx), the operator of the Malampaya gas field in offshore Palawan, said Thursday that, while it has announced a decision to sell its entire 45-percent stake […]
September 25, 2020

AC Energy to invest P250M in subsidiary

By Jordeene B. Lagare – September 25, 2020 from The Manila Times AC Energy Philippines Inc. (Acen) has signed an agreement to subscribe to unit Buendia Christiana Holdings Corp.’s (BCHC) preferred shares valued at P250 million. In a disclosure on […]