Brix Lelis

Taguig

Business Reporter at The Philippine Star

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Articles

Fuel price hike seen this week

5 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Following recent rollbacks, pump prices of petroleum products are expected to increase this week amid concerns over global supplies. The Department of Energy has indicated a potential per-liter price hike of P0.90 to P1.30 for gasoline, P0.85 to P1.35 for diesel and P0.90 to P1 for kerosene. The estimates were based on the four-day trading in the international oil market.
Vietnamese firm building P893 million solar farm in Bataan

5 days ago | philstar.com | Brix Lelis

MANILA, Philippines — Vietnam-based CN Green Roof Asia (CNGRA) has broken ground on its P893-million solar project in Hermosa, Bataan. With a peak capacity of 22.79 megawatts (MW), the Solana Solar Beta Project is targeted for completion later this year, generating about 32.8 gigawatt-hours of clean power annually. “This project is a testament to what strong partnerships can achieve.
ACEN powers Australia expansion with P27 billion financing deal

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Ayala-led ACEN Corp. has secured about P27 billion (750 million Australian dollars) in debt financing from a consortium of international lenders to further strengthen its presence in Australia. ACEN, through ACEN Australia, signed a financing deal to support the construction of its green energy projects in Australia, including the near-complete 520-megawatt (MW) Stubbo Solar in New South Wales.
NGCP: Transmission costs up in April consumer bills

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Transmission charges will increase this month due to a spike in the cost of critical power reserves, according to the National Grid Corp. of the Philippines. NGCP business and regulatory development head Julius Ryan Datingaling said that the overall transmission rate for April went up by 11.5 percent to P1.524 per kilowatt-hour from P1.3668 per kWh on a monthly basis.
Marcos signs law extending Meralco franchise

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — President Marcos has extended Manila Electric Co. (Meralco)’s franchise for another 25 years, allowing it to continue operating power distribution systems in Metro Manila and nearby provinces until 2053. In a statement yesterday, Meralco chairman and CEO Manuel V. Pangilinan expressed his gratitude to the President and lawmakers for enacting the measure renewing Meralco’s franchise, originally set to expire in 2028.
ERC defers approval of NGCP power supply deals

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Despite surging power demand driven by the summer heat, the Energy Regulatory Commission (ERC) has pushed back its decision on the grid operator’s critical backup power contracts. In a recent commission meeting, the ERC deferred the approval of at least 17 ancillary services procurement agreements (ASPAs) between the National Grid Corp. of the Philippines (NGCP) and various power producers.
Gasoline prices down by P3.60/liter

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Motorists can breathe a sigh of relief this Holy Week as fuel prices are set to drop by as much as P3.60 per liter today. In separate advisories, Shell, Caltex and Seaoil announced a reduction of P3.60, P2.90 and P3.30 per liter in gasoline, diesel and kerosene prices, respectively. Petro Gazz, Cleanfuel, PTT Philippines and Jetti would implement the same adjustments, except for kerosene, which they do not offer.
MVP brings French firm to fuel Philippines nuclear push

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Tycoon Manuel V. Pangilinan is joining forces with French state-run power giant Electricité de France SA (EDF) to unlock the potential of nuclear energy in the Philippines. MVP-led Manila Electric Co. (Meralco) has inked a two-year memorandum of cooperation with EDF to explore nuclear power and pursue potential investments, including backing from the French government.
Vivant Water gets 25-year supply deal for Metro Cebu

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Vivant Hydrocore Holdings Inc. (Vivant Water) has forged a 25-year joint venture deal with the Metropolitan Cebu Water District (MCWD) for water supply in the main urban center in Central Visayas. The deal involves Vivant Water’s desalination plant in Cordova, Cebu, which can produce up to 20 million liters of potable water daily, supplying MCWD for distribution to its Metro Cebu customers. Financial details of the deal were not immediately made available.
Ban on induction furnace in steel manufacturing sought

1 week ago | philstar.com | Brix Lelis

MANILA, Philippines — Amid the threat of the “Big One,” the Marcos administration should ban the induction furnace (IF) process in steel manufacturing as this results in substandard products that compromise public safety, according to experts. Roberto Cola, a member of the Department of Science and Technology-Metals Industry Research and Development Center, said IF facilities are the “main source” of substandard steel products in the market.