Energy dep’t seeking up to $250M to derisk exploration for geothermal investors
FIRSTGEN.COM.PHTHE PHILIPPINES may need to obtain an initial $250 million to derisk projects for potential geothermal developers, the Department of Energy (DoE) said.“The de-risking facility is about $250 million,” Energy Assistant Secretary Mylene C. Capongcol said on the sidelines of
Waste-to-energy seen as balancing act between disposal, increased emissions
REUTERSBy Sheldeen Joy Talavera, ReporterWASTE-TO-ENERGY (WTE) projects involve trade-offs between disposing of waste and raising emissions levels, though the severity of the Philippines’ energy problems means all technologies must be considered, analysts said.“Any legislation that seeks to increase the number of technologies which
US grant prepares PHL for CHIPS Act investments
REUTERSTHE PHILIPPINES is among six beneficiaries of a US-funded program to prepare the workforce and the regulatory environment ahead of the overhaul of US electronics supply chains under the CHIPS and Science Act.Given funding of $13.8 million, Arizona State University
2024 decline in electronics exports could be single-digit only — SEIPI
REUTERSEXPORTS of semiconductors and electronics could contract less than 10% this year, better than expected, as the industry’s inventory correction runs its course, an industry group said. Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Danilo C. Lachica
Bangko Sentral says gold sales triggered by favorable prices
ZLATAKY CZ-UNSPLASHTHE central bank said its gold sales took advantage of favorable prices and were consistent with its strategy for managing its reserves.In a statement late Tuesday, the Bangko Sentral ng Pilipinas (BSP) said the first-half sales are “part of