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Akamai Technologies sees potential for PHL business

US-BASED Akamai Technologies, Inc., which claims to be the world’s largest and most trusted cloud delivery platform, sees strong potential for its business in the Philippines as the country’s big businesses go through a digital transformation while smaller ones begin to realize the need to accelerate and secure their online systems.

SPC Power turns over 153.1-megawatt Naga power plant complex to PSALM

SPC POWER Corp. has turned over the 153.1-megawatt (MW) land-based power plant in Naga City, Cebu to the Power Sector Assets Liabilities Management, Inc. (PSALM), ending the legal tussle over the ownership of the asset.

ERC OKs Kepco bid to separate businesses

THE Energy Regulatory Commission (ERC) has approved the application of Kepco SPC Power Corp. (KSPC) to “unbundle” or separate its different business segments.

Diesel price cut this week, gasoline up

FOR THE third straight week this month, oil companies will be raising the price of gasoline but at a lower rate of increase at P0.30 per liter (/L) compared with the previous weeks.

E-vehicle industry sees 2018 as ‘tipping point’

THE Electric Vehicle Association of the Philippines (EVAP) expects sales of electric jeepneys to hit 500 units this year, up from the 200 in 2017, with the group expecting a “tipping point” for the industry.

Power firm PACERM-1 fined over plant testing, commissioning

THE ENERGY Regulatory Commission (ERC) has fined the proponent of a new power generation project in Misamis Oriental for its failure to file a certificate of compliance three months ahead of its targeted date of testing and commissioning.

Napocor seeking bigger missionary electrification charge for next year

THE NATIONAL POWER CORP. (Napocor) is seeking provisional approval to collect a total of P17.8 billion from electricity users next year, through a P0.1948 per kilowatt-hour (/kWh) charge in their power bills, to cover electrification of “far-flung areas” of the country.

EDC to obtain P11.5-billion loan facility

ENERGY Development Corp. (EDC) has secured on Thursday approval from its board of directors to obtain three-year loan facilities with various local banks for a total amount of P11.5 billion, the Lopez-led company told the stock exchange on Thursday.

Phoenix expands deal with Cebu Pacific

PHOENIX Petroleum Philippines, Inc. has expanded its services to Cebu Air, Inc. in two more domestic airports, bringing the total to 17 under their decade-long partnership.

Energy department plans to put up solar-powered charging stations for e-trikes

THE Department of Energy (DoE) has been tasked to put up solar-powered charging stations to go along with its deployment of 3,000 electric tricycles (e-trikes) in selected local government units (LGUs) all over the country.

DoE preparing LNG plan B if no private investors emerge

THE Energy department said it needs to boost its capability to undertake on its own the proposed integrated liquefied natural gas (LNG) import terminal as an energy crisis might ensue if no private investor comes forward to handle the billion-dollar project.

E-vehicle sales seen benefiting from excise tax exemption under TRAIN

ELECTRIC VEHICLE (EV) sales this year are expected to maintain their momentum, benefiting from the segment’s exemption from excise taxes, which have dampened the sales of conventionally powered vehicles.

ERC seeks comment on bill deposit rules from power co-ops

THE Energy Regulatory Commission (ERC) has asked electric cooperatives to submit their comments within 10 days on the draft rules governing the monitoring and reporting process of electricity bill deposits.

ERC fines Samar, Laguna power co-ops

THE Energy Regulatory Commission (ERC) has fined electric cooperatives in Samar and Laguna for failing to remit on time their collected feed-in tariff allowance (FiT-All) to state company National Transmission Corp. (TransCo), the administrator of the funds.

DoE issues safety order on LPG handling, transport

THE Department of Energy (DoE) has issued an administrative order jointly with other government agencies directing all liquefied petroleum gas (LPG) industry participants to observe the minimum safety standards in the transportation and distribution of the petroleum product in cylinders.

Uptick in fuel prices continue this week

CONSUMERS WILL have to bear another increase in oil prices this week, although less than the price adjustments the previous week.

Maynilad completes upgrade of sedimentation basin at La Mesa

MAYNILAD Water Services, Inc. has completed the upgrade of a sedimentation basin at La Mesa treatment plant 1 in Quezon City, the west zone water concessionaire said.

PCC complaint could be filed over coordinated fuel price adjustments

A CONSUMER GROUP is studying whether to file a complaint before the competition regulator against oil companies on the seeming unison in their price adjustments for petroleum products each week.

Meralco bills rising this month

ELECTRICITY CONSUMERS in Metro Manila and surrounding areas will pay more for their power use in July after two consecutive months of reduction, the Manila Electric Co. (Meralco) announced on Friday.

‘Third player’ hearing shows service commitments favored — DICT

TELECOMMUNICATIONS industry stakeholders expressed a preference for service level commitments as the basis for selecting the industry’s third entrant, according to the results of a public consultation Friday.

ERC hopes to strengthen consumer protection in review of regulations

THE Energy Regulatory Commission (ERC) will review existing rules and make changes as amend those as warranted in a move that seeks to improve protection for consumers.

NGCP now expects unified power grid by 2020

NATIONAL GRID Corporation of the Philippines (NGCP) is targeting a unified nationwide grid by 2020 through the nearly P52-billion Mindanao-Visayas interconection project (MVIP), it said on Thursday.

Malacañang to issue order on suspension of ERC commissioners

MALACAÑANG said it will execute today, July 6, an order in line with the Office of the Ombudsman’s suspension of Energy Regulatory Commission (ERC) commissioners Josefina Patricia M. Asirit, Alfredo S. Non, Geronimo D. Sta. Ana, and Gloria Victoria C. Yap-Taruc.

NGCP eyes unified power grid by 2020

SYSTEM operator National Grid Corporation of the Philippines is targeting a unified nationwide grid by 2020 through the P52-billion Mindanao-Visayas interconection project (MVIP).

Meralco considers Isla Verde as site for 1st microgrid system

MANILA Electric Co. (Meralco) is looking at Isla Verde, an island in Batangas province within its franchise area, as a possible location for its first microgrid system, its president said.

Safety rules not keeping up with waste-to-energy technology, expert says

PHILIPPINE LAW has not kept pace with developments in waste-to-energy technology, leaving communities surrounding these projects at risk from the pollutants they generate, which may cause cancer and other health problems, an energy technology expert said.

Meralco-First NatGas power supply deal gets ERC go signal

THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions.

Fuel prices pulled higher by international market rates

PRICES OF gasoline, diesel and kerosene will all increase this week to follow the movement of prices in the international market, oil companies said on Monday. Gasoline will be costlier by P0.65 per liter (/L), diesel by P0.55/L and kerosene by P0.70/L.

Energy Regulatory Commission approves automation initiative to help achieve ‘zero backlog’

THE Energy Regulatory Commission (ERC) has approved an information technology project that will automate the processes involved in monitoring pending energy industry cases as part of the agency’s “zero backlog” program.

Pryce: No plans for major projects after 2019

PRYCE CORP. is putting on hold any major capital expenditure projects after the end of its P2-billion expansion program in late 2019, its chairman said.

Eastern Petroleum sees fuel prices turning higher

THE CHAIRMAN of Eastern Petroleum Corp. has warned that prices of petroleum products are set to rise this week after several weeks of reductions.

Basic Energy says it won’t give up geothermal service contracts

BASIC ENERGY Corp. has not given up on its service contracts to explore five areas in the Philippines for their potential capacity for geothermal energy.

Pryce says 1st half income likely hit P750M

PRYCE Corp. expects to record a net income of P750 million in the first semester of 2018, or a little below half of its P1.55-billion target for the year, its chief executive said.

Meralco power sales dampened by cool weather

ELECTRICITY sales in June eased because of cooler weather, tempering power sales growth for the first half to around 6.5%, Manila Electric Co. (Meralco) said.

Unioil Philippines adds electric vehicle charging stations despite low demand

UNIOIL Petroleum Philippines, Inc. has launched on Wednesday its second electric vehicle charging station at its outlet along the northbound side of EDSA in Guadalupe in the hopes that it will encourage more drivers to switch from their fuel-powered cars.

Basic Energy invests in 2 Thai companies

BASIC ENERGY Corp. on Wednesday said it has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a solar power project in Myanmar.

Power sales by co-ops rise 11% in Q1

ELECTRIC cooperatives recorded an 11% increase in power sales during the first quarter to 4,924 gigawatt-hours (gWh), about half of which was consumed by the residential sector, the National Electrification Administration (NEA) said on Wednesday.

Maynilad to spend P70 million for rehabilitation of Dagat-dagatan wastewater treatment...

MAYNILAD WATER Services, Inc. is upgrading its sewage and septage treatment plant in Dagat-dagatan, Caloocan City to boost the facility’s efficiency in serving around 16,000 customers in the northern part of Metro Manila.

Diesel imports expected by July

THE ENERGY department has pushed back the target date for the importation of diesel fuel to July, or a month later than it originally projected, as the agency continues to look for ways to bring down fuel prices.

DoE expects LNG facility proposals by end 2018

THE Department of Energy (DoE) expects to start receiving towards the end of the year firm proposals for an integrated facility for imported liquefied natural gas (LNG), an official said.

The barriers entrepreneurs hurdle

ENTREPRENEURS continue to have difficulty accessing credit, markets and technology while others lack entrepreneurial ability and human capital, making it difficult for their businesses to thrive.

Why trust brings dividends to a company

WHAT is it like to work with a person who you trust? How is it like to communicate with this person? How fast can you get things done? What kind of results are you able to achieve together?

Dennis Uy-led firm shifting to resorts and gaming business

THE shareholders of Philippine H2O Ventures Corp. have approved on Monday the change in the company’s name to PH Resorts Group Holdings, Inc., paving the way for its shift to the resorts and gaming businesses.

Phoenix expects to be part of CNOOC’s proposed LNG project

PHOENIX Petroleum Philippines, Inc. expects to be part of the liquefied natural gas (LNG) project being proposed by China National Offshore Oil Corp. (CNOOC), possibly in partnership with state-led Philippine National Oil Co. (PNOC).

SBS Philippines acquires properties in Quezon City

SBS Philippines Corp. on Monday said its associate companies have acquired properties in Balintawak and Green Meadows in Quezon City.