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There were 121 results found for Philippines and Energy

There were 121 results found.
Overview

Renewable energy sources continue to rise among developing economies
OBG
plus

Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies has historically been led by developed countries, however,…

Overview

New investments in oil exploration, gas imports and renewable capacity aim to meet the Philippines' surging energy demand
OBG
plus

While macroeconomic expansion and the government’s infrastructure development agenda have strengthened the Philippines’ trade and investment profile, rapid development has outpaced the capacity of the energy sector to meet surging consumer demand. In response, long-term policies and international agreements have been implemented in an effort to promote upstream investment, diversify energy sources…

Interview

Allard Nooy, CEO, InfraCo Asia: Interview
OBG
plus

Interview:Allard Nooy How can low-income economies in Asia attract private investment while providing affordable tariffs? ALLARD NOOY: In the energy sector and in many countries, the user and ability-to-pay principle doesn’t exist; tariffs are co-subsidised. Typically, there exists an agreement between a ring-fenced power plant and either a ministry or a subset of state-owned enterprises…

Interview

Erramon Aboitiz, CEO and President, Aboitiz Equity Ventures and Aboitiz Power Corporation: Interview
OBG
plus

Interview:Erramon Aboitiz How do you assess the current condition of the energy generation market? ERRAMON ABOITIZ: With the entry of new players, the electricity market has become very competitive – especially in the contestable market. New capacity has also been created to meet growing demand, and some regions such as Mindanao now have an electricity surplus. This is a clear sign of the…

Analysis

The Philippines liberalises electricity energy market to lower costs
OBG
plus

The Philippines’ electricity market has recently undergone major reform, as control of the Wholesale Electricity Spot Market (WESM) passed from the state to a new, independent body. The transition was formally undertaken in September 2018 with the creation of the Independent Electricity Market Operator of the Philippines (IEMOP) and fulfils an aim of the Electric Power Industry Reform Act of 2001…

Interview

Dennis A Uy, President and CEO: Interview
OBG
plus

Interview:Dennis A Uy How would you assess the environmental impact of the energy mix in the Philippines, and to what extent does it meet domestic demand? DENNIS A UY: Sustainability, environmental impact, operational economics and a clear understanding of each energy source must be taken into consideration when planning the energy mix. In the worldwide pivot towards cleaner sources of energy,…

Analysis

The Philippines' energy sector works to unify electricity grids in order to yield downstream benefits
OBG
plus

With territory dispersed across more than 7000 islands, the nationwide provision of affordable power has long posed a major challenge for the Philippines. To alleviate that burden, the government has envisioned the unification of its separate energy networks into a single, national grid, which will facilitate the sharing of electricity reserves among the country’s island groups, and improve efficiency…

Analysis

The Philippines turns to gas imports to meet the rapidly rising energy demands
OBG
plus

The private sector is accelerating efforts to meet rising domestic energy demand by fast-tracking the development of facilities to import and process liquefied natural gas (LNG) as domestic supplies dwindle. In January 2019 Australia’s Energy World Corporation (EWC) announced that it had received final approval from the Department of Energy (DoE) under their new regulations to build an LNG import…

Chapter

The Report: Philippines 2019: Energy
OBG
plus

The Philippines’ rapid development has outpaced the capacity of the energy sector to meet surging demand. In response, long-term policies have been implemented to promote upstream investment, diversify energy sources and drive down the cost of electricity. Notable projects include the construction of the country’s first liquefied natural gas import terminal and regasification facility, as well…

Country Report

The Report: Philippines 2019
OBG
plus

Favourable demographics, ongoing structural reforms, and an increasing openness to foreign participation bode well for the prospects of the Philippine economy over the medium to long term. In 2019 cooling inflation as a result of easing commodity prices and the implementation of supply-side policies have improved business sentiment, while the general endorsement of President Rodrigo Duterte’s ag

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