THE Power Sector Assets and Liabilities Management Corp. (PSALM) told a House committee that it can make available to Luzon electric cooperatives 90 megawatts (MW) worth of uncontracted power. PSALM, a government-owned and -controlled corporation, told the chamber’s energy committee that it can supply the cooperatives during peak demand hours, which is when energy supply […]
Tag: capacity
Cold storage industry warns capacity inadequate for mitigating onion crisis
THE cold storage industry said its capacity is inadequate if the government intends to counter the onion shortage by building up inventories. In a briefing on Monday, the Cold Chain Association of the Philippines (CCAP) estimated the required investment at P150 million for every 2,500 metric tons (MT) of onions held in storage. It also […]
Infrastructure upgrades urgently needed to address rising air travel demand, study finds
RISING air travel demand will require more investment in the supporting infrastructure, according to a study issued by the Philippine Institute for Development Studies (PIDS), a government think tank. “While the government recognizes the need to improve the air transport infrastructure by building new airports and improving existing facilities and technical capabilities, huge investments are […]
MHI Thermal Systems Adds ZTL Series to Its Lineup of Household Room Air Conditioners for Overseas Markets
TOKYO, Jan 10, 2023 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has added the new ZTL Series to its lineup of household room air conditioners for overseas markets, and the mass production of small capacity models (1.5kW~5.0kW) for the […]
LGUs’ borrowing applications drop 65% at end-Nov.
LOANS sought by local government units (LGUs) fell by 65.42% as of end-November, the Bureau of Local Government Finance (BLGF) reported. Loan requirements of LGUs reached P31.06 billion in the 11-month period, lower than the P89.83 billion posted in the same period a year earlier. Debt applications are extracted from the BLGF-issued certificates of net […]
Cebu Pacific restores 92% of pre-pandemic systemwide capacity
GOKONGWEI-LED Cebu Pacific (CEB) announced it has restored 92 percent of its pre-pandemic systemwide capacity following the continuous increase of its domestic and international routes. The airline told the local bourse Tuesday, Dec. 6, 2022, that it now flies an average of 355 flights a day, covering 34 domestic and 19 international destinations. This is […]
SMC Global Power offers Ilijan capacity to Meralco
SMC Global Power Holdings Corp., the power arm of San Miguel Corp. (SMC) has offered the capacity of its Ilijan natural gas to Manila Electric Co. (Meralco). In a statement on Sunday, SMC President Ramon S. Ang said the offer covers the full 1,200 megawatts (MW) capacity of the Ilijan plant, which accounts for about […]
Pertamina Geothermal Energy (PGE) to increase GPP in South Sumatra to support NZE in Indonesia
JAKARTA, Nov 16, 2022 – (ACN Newswire via SEAPRWire.com) – PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia. President Director of Pertamina Geothermal Energy (PGE) Ahmad Yuniarto signs an agreement for […]
PGE to increase GPP capacity in South Sumatra for NZE
JAKARTA, Nov 16, 2022 – (ACN Newswire via SEAPRWire.com) – PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia. President Director of Pertamina Geothermal Energy (PGE) Ahmad Yuniarto signs an agreement for […]
Aim to become world-class geothermal electricity producer: Pertamina
JAKARTA, Nov 10, 2022 – (ACN Newswire via SEAPRWire.com) – State-owned energy company PT Pertamina is seeking to become a world-class player in green electricity generation based on geothermal energy by pursuing a number of technological innovations to increase geothermal utilization. PT Pertamina Geothermal Energi (PGE) develops geothermal energy in Ulubelu Area in Tanggamus, Lampung. […]
Pertamina increases geothermal capacity for its emission reductions
JAKARTA, Nov 9, 2022 – (ACN Newswire via SEAPRWire.com) – Indonesian state-owned oil and gas company Pertamina has ramped up its geothermal energy capacity as one of the important efforts in achieving its carbon emission reduction target significantly. Pertamina head office building (ANTARA/HO-PT Pertamina) During a discussion at the Indonesian Pavilion on the sidelines of […]
US grants additional P53M to enhance PHL disaster preparedness, response capacity
THE AMERICAN government, through the United States Agency for International Development (USAID), has provided the Philippines another P53 million for a program on enhancing capacity in disaster preparedness and response. The grant, first announced on Oct. 12, will be used for the second phase of an information management system called the Early Warning and Decision […]
Share of RE in energy mix declines to 28.9% at end of 2021
THE share of renewable energy (RE) in the power generation mix fell to 28.9% at the end of 2021 from 32% in 2016, according to a Department of Energy (DoE) accomplishment report issued by the previous Secretary. The report indicated that coal-fired power plants remain the top source of power in terms of installed capacity, […]
2040 capacity target for new-build renewables set at 52,826 megawatts
THE Department of Energy (DoE) said it has set a target of 52,826 megawatts (MW) of additional renewable energy (RE) capacity by 2040 or seven times the current level. Marissa P. Cerezo, director of the Renewable Energy Management Bureau, said at a briefing led by the Center for Energy, Ecology, and Development on Saturday that […]
China Risun’s 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion
HONG KONG, Aug 29, 2022 – (ACN Newswire via SEAPRWire.com) – China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced its interim results for the six months ended 30 […]
LGU borrowing proposals sharply lower at end of July
NEW BORROWING sought by local government units (LGUs) declined by 71.34% year on year to P20.8 billion in the seven months to July, the Bureau of Local Government Finance (BLGF) said. According to preliminary data, the BLGF issued 113 certificates of net debt service ceiling and borrowing capacity to LGUs, against 273 issued a year […]
Regina Miracle Fiscal 2022 Results Hit Record High, Revenue Increased by 39.7% to HK$8.35 Billion, Adjusted Net Profit More than Doubled to HK$582 Million
HONG KONG, Jun 29, 2022 – (ACN Newswire via SEAPRWire.com) – Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, collectively the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an Innovative Design Manufacturer (“IDM”) business model, has announced its annual results for the year ended 31 March […]
Solar Philippines closes deals for over 60% of its planned RE
SOLAR Philippines Power Project Holdings, Inc. was able to forge contracts for at least 60% of the 10 gigawatts (GW) of energy capacity that it plans to sell to off-takers or buyers, the company said on Tuesday. “When we began talking about 10 GW, many were in disbelief, because the total installed solar capacity of […]
CAB lifts capacity limit for flights to Kalibo, Caticlan
THE CIVIL Aeronautics Board (CAB) said it recently approved the petition of budget carrier Cebu Pacific, operated by Cebu Air, Inc., to lift the capacity limitation on flights to Kalibo and Caticlan. This means that air operators flying to the Kalibo and Caticlan airports can now use aircraft with more than 200 seats, the CAB […]
JL MAG Achieved Robust Revenue and Profit Growth in 2021
HONG KONG, Mar 31, 2022 – (ACN Newswire via SEAPRWire.com) – JL MAG Rare-Earth Co., Ltd. (“JL MAG” or the “Company”, together with its subsidiaries, the “Group”, HKEX: 6680; SZSE: 300748), a leading producer of high-performance rare earth permanent magnets (“REPMs”) in China, successfully listed its H shares on the Main Board of The Stock […]