The Pantawid Pasada fuel subsidy smart cards released last May 2 to jeepney drivers have already been loaded according to the Department of Energy (DoE). The smart cards were loaded with a value of P1,050 and they can be presented at gasoline stations with signs saying “Pantawid Cards Accepted Here.” The energy department also confirmed [...]

Major oil player Pilipinas Shell Petroleum Corporation is preparing 200 gasoline stations nationwide to serve as jeepney lanes for the fuel subsidy program of the government, with issuance of the fuel discount card’s under the “Pantawid Pasada” program already underway.

The Department of Trade and Industry (DTI) reported that their recent trade and investment mission in India have generated new investment pledges worth $42 million. Trade Secretary Gregory Domingo said they were from three energy projects and a pharmaceutical packaging ventures.
The Philippine delegates, led by Domingo, attended the recent ASEAN-India Business Fair and Conclave held [...]

The Philippine National Oil Company-Exploration Corporation (PNOC-EC) earmarked P900 million for the expansion of its coal mining ventures in Zamboanga Sibugay in Western Mindanao. The state-run oil exploration company said that its board of directors has already approved the special budget “to fund the development of existing coal mine” that will enable it to double [...]

Another venture that the Ayala group is breaking into is the hydroelectric power generation partnership. The conglomerate, through its wholly owned subsidiary Michigan Power Inc. (MPI) has entered into a joint venture agreement with Sta. Clara Power Corp., an independent power producer specializing in run-of-the-river power plants. Ayala Corp managing director John Eric Francia confirms [...]

President Benigno “Noynoy” Aquino III yesterday said he wants oil companies to open their books to public scrutiny to prove that they were not taking advantage of the public in their series of oil price increases.
“That was my position ever since I have been in public service, isn’t it? If reasonable, why can’t they show [...]

In response to the steady rising of oil prices, the Aquino government is planning to resort to “extreme legal measure” by issuing an executive order that would ban further oil price increases. The same has been done during the Arroyo administration when Executive Order was in issued in 2009 to freeze oil prices.
Department of Justice [...]

Another addition to the Lenten sacrifice of Filipinos for the Holy Week: The prices of liquefied petroleum gas (LPG) have gone up by P1/kilo or P11 per 11-kg tank on Holy Wednesday. The price increase was implemented after some fuel firms raised prices of their products.
According to the LPG Marketers’ Association (LPGMA), the increase was [...]

Giant conglomerate Ayala Corp. allots a record-high P79 billion for its capital expenditures this year. The company said it is in an excellent position to delve into various investment opportunities. It is particularly eyeing the power and infrastructure sector.
During the annual stockholders’ meeting, chairman Jaime Augusto Zobel de Ayala said that while the company is [...]

About 70 renewable energy service contracts were cancelled by the Department of Energy (DOE) as part of its effort to weed-out “non-performing contracts” and offer them to more serious investors. Energy Undersecretary Jose M. Layug Jr. also said that licenses covering four prospective petroleum blocks were likewise cancelled.
The energy undersecretary said that the  70 companies [...]

While drivers are still waiting for the issuance of their “smartcard” which would allow them to avail of fuel subsidy, the Department of Energy announced that motorists should again brace themselves for another possible round of petroleum price increase next week. The increase was said to be brought about by the cost of the crude [...]

Trans-Asia Oil and Energy Development Corp., a publicly listed firm, recently signed a contract with SEM-Calaca Power Corp. for the purchase of Trans-Asia of power generated from the Consunji-led Calaca Power Corp. Trans-Asia, in its disclosure submitted to the Philippine Stock Exchange (PSE) said it signed on Wednesday the contract “to purchase generated energy,” which [...]

The Department of  Energy (DoE) said last week it is expecting gasoline to be lower this week as demand in the world market decreases when Japan was hit an earthquake and tsunami. “The downward trend began after Japan catastrophes. We saw prices going down due to the market reaction that global economy will slow down [...]

The Dept. of Energy said that the half of the debts on the power sector can be or may be recovered from the consumers. The National Power Corp. (Napocor), Power Sector Assets and Liabilities Management Corp. (PSALM), and the National Transmission Corp. (Transco) had a P932.21 billion of obligations that can be [...]

Power shortage is costly. That is surely will be the one of many issue that will be discuss in the upcomming 19th Mindanao Business Conference.
The conference will surely discuss how to gain more and more investment although the region is in power shortage. They said that the power shortage is limmiting
their production rate [...]

The country’s power sector, including renewable energy projects, is likely to get a big boos from the World Bank (WB). WB’s private sector arm, the International Finance Corp. (IFC), is looking at pouring in more than $300 million in investment to the said industry in the Philippines.
IFC resident representatives to the Philippines, Jesse Ang, said [...]

Clenergen Philippines Corp. a company who is into renewable energy, is planning to conduct an initial public offering (IPO) in the next 18 months.
Mark Quinn, Chief Executive Officer of the company, said they are looking at the IPO as an venue to raise funds which it will be using for its renewable energy development projects. [...]

Because of the electricity shortage brought on by a long drought, the government will ask malls to shut down to help alleviate the effect of the shortage. The government said it will be asking shopping mall, as well as some factories to consider shutting down operations for several days in order to ensure the uninterrupted [...]

Another company is mulling to invest into the renewable energy sector. The Global Business Power Corporation is earmarking about $250 to $300 million as it plan to shift its venture into the renewable development in its investment site of Visayas.
Global Power chief finance officer Jaime T. Azurin said that the company plans to put RE [...]

March 22 to 28 has been declared as “Clean Water and Energy Week for a Healthy World” by President Gloria Macapagal-Arroyo through Proclamation No. 2023. The proclamation urged government offices, as well as the private sector, to observe the weeklong event by saving on energy and water resources as the country braces itself for the [...]