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Danessa Rivera
Danessa Rivera
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Citicore acquires 5 solar power plants
by Danessa Rivera - May 21, 2018 - 12:00am
Renewable energy developer Citicore Power Inc. (CPI) has acquired five solar power plants totalling nearly 60 megawatts (MW) to boost its portfolio capacity and meet its 1,000 MW target.
AC Energy seeks investors for $2-B thermal platform
by Danessa Rivera - May 21, 2018 - 12:00am
AC Energy Inc., the power business of Ayala Corp., is seeking investors for its $2-billion thermal platform as the company gears up for local and regional expansion.
Duterte leads opening of new oil field in Cebu
by Danessa Rivera - May 21, 2018 - 12:00am
President Duterte led on Saturday the ceremonial start of the oil and gas production at the new oil field here, touted to be the first onshore oil discovery and production to date which will add to the country’s...
ERC OK of FIT-All to raise power cost
by Danessa Rivera - May 21, 2018 - 12:00am
Consumers will have to pay more for electricity after the Energy Regulatory Commission (ERC) approved a higher Feed-in Tariff Allowance (FIT-All) rate, which cover payments to renewable energy developers.
Phoenix Petroleum explores new businesses
by Danessa Rivera - May 20, 2018 - 12:00am
Phoenix Petroleum Philippines Inc. is exploring a handful of new businesses to create synergies with its existing product offerings, its top official said.
Petron allots P15 billion for capex this year
by Danessa Rivera - May 18, 2018 - 12:00am
Petron Corp. is investing P15 billion this year for network expansion and improvement of its refinery operations here and abroad, company officials said.
Phinma Petroleum pulls out from SC 51
by Danessa Rivera - May 18, 2018 - 12:00am
Phinma Petroleum and Geothermal Inc. has decided to give up its interest in an oil drilling and exploration project in northern Leyte.
Legal framework for nuclear power needed – Sen. Gatchalian
by Danessa Rivera - May 18, 2018 - 12:00am
The Philippines needs to finalize the legal framework for the development of nuclear technology as a national power source, Sen. Sherwin Gatchalian said.
SMC mulls LNG investments
by Danessa Rivera - May 17, 2018 - 12:00am
The San Miguel Group is considering investments in the liquefied natural gas sector to expand the capacity of the 1,200-megawatt Ilijan power plant, according to its top official.
Alsons income grows 26% to P103 million in Q1
by Danessa Rivera - May 16, 2018 - 12:00am
Alsons Consolidated Resources Inc. (ACR), the listed holding firm of the Alcantara Group, improved its net earnings by 26.5 percent to P103 million due to lower expenses and finance charges.
Meralco secures additional 50 MW power supply
by Danessa Rivera - May 15, 2018 - 12:00am
Manila Electric Co. has secured additional power supply of around 50 megawatts to cover the expected spike in power demand in its franchise area during the hot season, its top official said.
Gas, diesel prices up today
by Danessa Rivera - May 15, 2018 - 12:00am
A week after minimal price cuts, motorists face hefty rate hikes on petroleum products as global crude prices rise to multi-year highs.
NEA installs solar home systems in Mindanao
by Danessa Rivera - May 14, 2018 - 12:00am
State-run National Electrification Administration (NEA) is installing solar home systems (SHS) in 10,000 households in Mindanao next month as part of energizing communities situated in far-flung and remote parts...
Shell to ink partnership with local partner in 2019
by Danessa Rivera - May 14, 2018 - 12:00am
Global energy giant Royal Dutch Shell is targeting to close a partnership with a local firm to start pursuing renewable energy investments next year, a ranking official said.
Semirara deferring increase in coal output
by Danessa Rivera - May 14, 2018 - 12:00am
Semirara Mining and Power Corp. is deferring the increase in coal output from its mine in Semirara Island to 2020 after completing the rehabilitation of its most recently closed mine, company officials said.
Phoenix Petroleum earns 65% more in Q1
by Danessa Rivera - May 13, 2018 - 12:00am
Listed independent oil firm Phoenix Petroleum Philippines Inc. reported a 65 percent jump in net profit to P464.75 million in the first quarter on record revenues.
Semirara Q1 earnings up slightly to P4.6 billion
by Danessa Rivera - May 12, 2018 - 12:00am
Semirara Mining and Power Corp. reported a three percent improvement in its first quarter earnings to P4.6 billion as the strong coal business more than offset the drop in its power generation business.
Shell, Phoenix secure deal with PSALM for fuel supply
by Danessa Rivera - May 12, 2018 - 12:00am
Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines Inc. have bagged contracts to supply the fuel requirements of state-run Power Sector Assets and Liabilities Management Corp.
ERC cites improvement in disposition of cases
by Danessa Rivera - May 11, 2018 - 12:00am
The Energy Regulatory Commission has cited improvements in the disposition of cases and issues in the first four months of the year despite the suspension of its four commissioners.
Solar Philippines offers lower electricity rate to supply Meralco
by Danessa Rivera - May 11, 2018 - 12:00am
Solar Philippines has submitted a lower rate to supply Manila Electric Co. with 50 megawatts of supply.
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