Peso Weakness May Hike Electricity Rates, DOE Seeks Solutions
The weakening Philippine peso may lead to higher electricity rates as it increases the import costs of coal, diesel, and liquefied natural gas. The Department of Energy is exploring solutions.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- DPWH Corruption Cases Passed to Successor by Outgoing Secretary
Outgoing Public Works Secretary Vince Dizon has handed over documents implicating Department of Public Works and Highways (DPWH) personnel in alleged anomalies to his successor, Giovanni Lopez, urging him to continue the agency's anti-corruption efforts.
- UK investor BII eyes climate infra projects in Philippines
British International Investment (BII) has expressed interest in financing priority climate infrastructure projects under the Luzon Economic Corridor in the Philippines, part of its $1.6 billion commitment to Southeast Asia. Projects in clean energy and transport are being considered.
- Aboitiz Airports Poised to Exceed 2025 Passenger Targets
Aboitiz InfraCapital Inc. (AIC) expressed confidence in surpassing its 2025 passenger traffic figures across its three airports, despite potential impacts from the Middle East conflict on travel demand. While growth might be adjusted from initial projections, the company anticipates exceeding last year's performance.
- US Firm to Invest P9.45B in LNG Power Facility in Aurora Ecozone
Texas-based ARQ Development Corp. LLC plans an initial investment of P9.45 billion to build a liquefied natural gas (LNG)-fired power generation and substation facility in an ecozone in Casiguran, Aurora. The government aims to develop the area into a hub for data centers and defense-related industries.