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Wednesday, May 8, 2024

Energy

Ex-DOE chief defends coal moratorium despite power supply alerts

Former Energy Secretary Alfonso Cusi on Tuesday described the Department of Energy’s coal moratorium implemented in 2020 as a well-considered policy move despite criticisms. Cusi said in a statement the recent grid alerts should not be hastily attributed to the coal moratorium without solid evidence. “It’s crucial to understand that while the moratorium applied to new greenfield coal-fired power projects, existing brownfield and expansion initiatives, including those with secured financial backing,...

SPNEC plans to welcome 2 foreign partners this year

SP New Energy Corp. (SPNEC) expects to take in “at most” two...

Power firms vow to protect Verde Island biodiversity

Three of the Philippines’ biggest conglomerates joined forces with the Department of...

Semirara keen on developing 700-MW coal plant in Batangas

Semirara Mining and Power Corp. remains keen on developing a 700-megawatt coal-fired...

LATEST Energy

LATEST

AbaCore unit gets NCIP consent to monetize Surigao del Sur coal assets

AbaCore Capital Holdings Inc. said Friday subsidiary Abacus Coal Exploration Development Corp. received a regulatory approval from the National Commission on Indigenous People on...

AllHome plans to tap renewable power for operations of all 59 stores nationwide

AllHome Corp., the country’s pioneering one-stop-shop for home improvement needs, is boosting its renewable energy use in store operations as part of the group’s...

EU members near deal on capping price of Russian oil at $60 a barrel

Brussels, Belgium—European Union member states are close to agreeing on a $60 per barrel price cap on Russian oil, diplomats said Thursday, with just...

ACEN signs deal to buy solar project

ACEN Corp. said Thursday it executed a share purchase agreement with Sungrow Power Renewables Corp. and Havilah AAA Holdings Corp. for the 60-megawatt Sinocalan...

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