Richard Nethercott, the former president and chief executive of the Independent Electricity Market Operator of the Philippines (IEMOP), has joined billionaire Enrique Razon Jr.’s Primelectric Holdings Inc. as chief operations officer (COO) for the group.

MANILA, Philippines — The country’s electricity rates are likely to decline by up to P3 per kilowatt-hour (kWh) by 2030 if upcoming power projects are switched on as planned, according to the Department of Energy (DOE).

The Department of Energy (DOE) is studying plans to hold an auction for incoming nuclear power capacities next year, a step in preparing for nuclear’s entry into the country’s power generation mix.

MANILA – The Philippine Atomic Energy Regulatory Authority (PhilATOM) Act is the government’s proof that the Philippines is firm on using nuclear energy to boost capacity, and is committed to doing this by complying with international standards, a Department of Energy (DOE) official said on Thursday.

The Philippines has expressed its firm commitment to advancing the ASEAN Power Grid (APG), a regional initiative envisioned to create a more connected, resilient and efficient energy system across Southeast Asia.

ACEN CORP., the listed energy platform of the Ayala group, has extended P900 million in fresh funds to its subsidiary developing a 553-megawatt (MW) wind farm in Quezon province.

THE Energy Regulatory Commission (ERC) said it will identify pending applications that it deems critical and subject them to expedited approval processes.

The Bases Conversion and Development Authority (BCDA) has forged three major partnerships with Japanese government and private sector entities to advance sustainable infrastructure, energy transition, and digital connectivity in its economic zones.

Trinasolar International Systems Business Unit (ISBU), the project development arm of China’s Trinosolar Co. Ltd., signed a 20-year power purchase agreement (PPA) with AdventEnergy Inc., the retail electricity supply arm of Aboitiz Power Corp., for the 49.9-megawatt alternating current (MWac) Mabini solar project in Pangasinan.

MANILA, Philippines — Argentina stands ready to provide critical expertise and technology to ensure the Philippines safely launches its first operational nuclear power plant, according to its embassy.