BIDDING for the government-owned Malaya thermal power plant might go back to square one after the Department of Energy (DoE) said it may add a new condition: the conversion of the 650-megawatt (MW) facility into a liquefied natural gas (LNG) plant. “We want to have available capacity, so what we said is part of the…
Tag: diesel
DMCI Power to invest P1.2 billion in power projects this year
DMCI Power Corp. (DPC) is pouring in P1.2 billion this year to finance a number of power projects. DPC President Nestor D. Dadivas said the amount is meant to augment the power firm’s existing generation capacity and to implement its scheduled maintenance programs in the provinces of Masbate, Oriental Mindoro and Palawan. The company will partly…
DMCI Power invests P3.5 B for off-grid projects
Off-grid energy producer DMCI Power Corp. has invested P3.5 billion worth of power projects in missionary areas in the last six years. DMCI Power president Nestor Dadivas said the investments were made from 2010 to 2016, covering four small-scale diesel and bunker-fired facilities in Masbate (July 2010), Palawan (December 2012), Oriental Mindoro (2016) and Sultan…
Fuel prices up today
Prices of gasoline, diesel, and kerosene will go up today, October 11, oil firms announced on Monday. Caltex, Shell Philippines, Phoenix Petroleum Philippines, and PTT Philippines said prices of gasoline will increase by P0.85 per liter while diesel prices will rise by P1.55 per liter effective 6 a.m., Tuesday. Read more here.
Higher taxes on oil products imminent
THE DUTERTE administration is bent on raising the excise tax on petroleum products and is now drafting a targeted subsidy scheme similar to the existing conditional cash transfer (CCT) program for poor households to be affected. Finance Secretary Carlos G. Dominguez III pointed out that “contrary to the common perception that fuel excise tax increases…
ERC fines Keilco Ilijan, Masiway, Palawan Power
THE Energy Regulatory Commission (ERC) has fined Keilco Ilijan Corp. for the late filing of the renewal of the certificate of compliance of its 1,436.5-megawatt (MW) Ilijan natural gas combined cycle power plant. In a decision, the ERC has given the company 15 days from the receipt of its decision to remit P50,000, representing half…
Gas prices to go down today
Fuel prices will go down today, July 5, oil companies announced on Monday. Petron Corp., Shell Philippines, Phoenix Petroleum Philippines, SEAOIL and PTT Philippines said gasoline prices will be slashed by P0.60 per liter on Tuesday. Eastern Petroleum will roll back prices of gasoline products by P0.50 per liter. There will be no adjustments for diesel. Read more…
PSALM turns over power barge to SPC Power
State-run Power Sector Assets and Liabilities Management (PSALM) Corp. has turned over the 32-megawatt (MW) Power Barge 104 to new owner SPC Power Corp. PSALM said in a statement yesterday the ceremonial turnover took place on June 30, which the signals that operational and management responsibilities and duties for PB 104 are now transferred to…
Eastern Petroleum eyes 100 more EC Gas outlets
EASTERN Petroleum Corp. announced plans to open more EC Gas outlets, at least five every month, in a bid to enhance its current retail network of franchise-owned outlet in Metro Manila and nearby cities. Read more here.
Caltex to build 30 new gas stations
Chevron Philippines Inc. (CPI) is putting up over 30 new retail stations in existing and new growth areas this year, as it launched a new gasoline product to maintain its position among the top three oil players in the country. The oil firm will add 32 new service stations across the country, adding to around…
Napocor delivers diesel genset to Palawan municipality
THE National Power Corp. (Napocor) has delivered a 160-kilowatt (kW) generating set to a town in Palawan, which it said could provide 24 hours of electricity and boost the local economy and tourism. The additional supply from a diesel power facility is an upgrade from the 12-hour electricity previously serving around 700 households and commercial…
MVP: RP needs $30 B investments in power
The Philippines needs to invest $30-billion worth of power projects in the next 15 years to meet growing demand amid economic expansion. However, government needs to come out with clearer policy direction on the appropriate energy mix power developers will have to follow, businessman Manuel V. Pangilinan said yesterday. Read more here.
Winnergy Holdings Corp. 