Philippines to face LNG supply uncertainty
The Institute for Energy Economics and Financial Analysis (IEEFA) has alerted that the Philippines...
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Category: Philippines
Philippines’ DoTr to deploy 50 buses on EDSA busway
The Philippines’ Department of Transportation (DoTr) has announced plans to deploy 50 buses in addition to its existing fleet of 450 buses on the Epifanio de los Santos (EDSA) busway. This move is expected to reduce traffic...
Read MoreManagement of Mindanao airports transferred to MoTC
The management of all airports in Mindanao, Philippines has been transferred to the region’s Ministry of Transportation and Communication (MoTC). In line with this, a memorandum of understanding (MoU) has been signed...
Read MoreACEN secures loan to increase renewable capacity to 20 GW
AC Energy Corporation (ACEN) has secured an USD140 million loan facility from MUFG Bank Limited to increase its renewable energy (RE) capacity in the Asia-Pacific region (APAC) to 20 GW by 2030. The company is also raising an...
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Consortium secures USD11 million Sangley Airport Project
The SPIA Development Consortium has secured a contract to build the Sangley Point International...
Read MorePartners to explore transporting compressed hydrogen to Asia
Australia-based Provaris Energy Limited has signed a memorandum of understanding (MoU) with France-based Total Eren to explore transportation of green hydrogen to Asia. The companies will work together to identify and assess...
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DBM allocates PHP2.2 billion for energy projects in the Philippines
The Department of Budget and Management (DBM) has allocated a budget of PHP2.2 billion to finance...
Read MorePlans announced for an USD1.2 billion floating solar plant on Laguna Lake
Singapore-based Macquarie Capital and SunAsia Energy have announced plans to develop a 1,300 MW floating solar plant on Laguna Lake in the Philippines. The partners will invest around USD1.2 billion for the renewable energy (RE)...
Read MoreConsortium to develop solar microgrids in Philippines
A consortium comprising WEnergy Global Private Limited (WEG), Maharlika Clean Power Holdings Corporation (MCPHC) and CleanGrid Partners Private Limited (CGP) has secured a contract to build 16 microgrids with solar power...
Read MoreGovernment of Philippines secures USD14 billion in investment pledges
The Government of the Philippines has secured more than USD14.36 billion worth of investment pledges from Singapore and Indonesia-based agencies and investors. Out of the total, USD8.48 billion worth of investment pledges has...
Read MoreBDO Unibank to reduce its coal exposure by 50 per cent
BDO Unibank Incorporated has announced plans to reduce its coal exposure by 50 per cent over the next 10 years while increasing its funding for renewable energy (RE) projects in the Philippines. Additionally, the bank’s coal...
Read MoreDelayed LNG import project in the Philippines to be completed in 2023
First Gen Corporation (First Gen) has announced that construction on its delayed liquified natural gas (LNG) import project in the Philippines is expected to be completed by the end of the first quarter of 2023. The LNG import...
Read MorePrime Infra unit acquires stake in 500 MW hydro project in the Philippines
Ahunan Power Incorporated, a unit of Prime Infra Capital Incorporated, has acquired a majority stake in Olympia Violago Water and Power Incorporated (OVWPI). As a part of the deal, Ahunan Power will also acquire interest in the...
Read MoreEMV pilot commences on transit systems in the Philippines
The Philippines Department of Transportation (DOTr), Landbank of the Philippines, and the Central Bank of the Philippines have signed a memorandum of understanding (MoU) to commence an EMV contactless pilot testing on the...
Read MoreDoTr plans Manila MRT-7 extension to Bulacan
The Department of Transportation (DOTr) of the Philippines is planning to extend the Manila Metro Rail Transit-7’s (MRT-7) route to include two more municipalities in Bulacan. The agency is considering the feasibility of...
Read MoreDoTr to operate four airports under PPP in the Philippines
The Department of Transportation (DoTr) will operate four major airports in the Philippines under the public private partnership (PPP) model. Private companies are invited to participate in the development, operations, and...
Read MoreSPNEC expects SRO to fund 10GW of energy projects in the Philippines
Solar Philippines Nueva Ecija Corporation (SPNEC) has announced that it plans to use the proceeds from its stock rights offering (SRO) to finance the development of up to 10GW of energy projects in the Philippines. The SRO is...
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Electric shuttle service to be provided at Manila LRT-1 stations
The Light Rail Manila Corporation (LRMC) has launched its electric shuttle services at select...
Read MoreSMEC to provide advisory services for the CLLEX Phase II in the Philippines
Australia-based SMEC Holdings Limited has been appointed by the Department of Public Works and Highways (DPWH) to provide transaction advisory services as well as establish the viability of the Central Luzon Link Expressway...
Read MoreJV to build a 68 MWac solar facility in Ilocos Norte
A joint venture (JV) company comprising Singapore-based Vena Energy and Meralco PowerGen Corporation (MGEN) have commenced construction on a 68 MWac solar facility in the Ilocos Norte province, Philippines. The photovoltaic (PV)...
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