Charting a course for energy security

Last week’s successive Red and Yellow Alert declarations by the National Grid Corp. of the Philippines serve as a stark reminder of the strain on our energy grid, foreshadowing what may come in the days ahead as Filipinos ramp up the use of cooling appliances to battle the scorching heat.

Without the steadfast support of the private sector, thousands of Filipino households would have endured brownouts amidst the crippling heat. With economic growth driving continued increase in energy demand, the trajectory is clear: without increased capacity, the threat of rotating power interruptions will persist.

Priority must be directed toward cultivating an investment-friendly environment for the establishment of new power plants, while concurrently implementing measures that enable swift action to bolster our energy capacity. To effectively address this challenge, we must adopt a multifaceted approach, which includes prioritizing cleaner energy sources like liquefied natural gas and renewables.

The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over...

Source: Energy Industry News (energyindustrynews.net)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Deploys Naval Warship to Block Philippine Boat in West Philippine SeaChina has increased its pressure tactics in the West Philippine Sea by deploying a naval warship to block an unarmed Philippine boat carrying supplies to troops manning an outpost. Former AFP chief expresses concern over the presence of PLA Navy ships in the area.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Philippine Drug Enforcement Agency and Philippine Coast Guard Sign Agreement to Intercept Contrabands and Illegal DrugsThe Philippine Drug Enforcement Agency (PDEA) and the Philippine Coast Guard (PCG) have signed a memorandum of agreement (MOA) to collaborate in intercepting contrabands and illegal drugs entering the country by sea shipments. The agreement also aims to prevent the smuggling of controlled precursors and essential chemicals (CPECs) into Philippine territory. Regular meetings will be held to discuss operational matters and exchange knowledge on drug smuggling.
Source: MlaStandard - 🏆 20. / 55 Read more »

CCG blocks, tails PH survey ship headed for Bajo de MasinlocThe CCG blocked and tailed a Philippine research vessel and a Philippine Coast Guard ship early Sunday morning as the Philippine vessels were sailing for the Bajo de Masinloc.
Source: gmanews - 🏆 11. / 68 Read more »

CCG tails PH research ship headed for Bajo de MasinlocThe CCG met and tailed a Philippine research vessel and a Philippine Coast Guard ship early Sunday morning as the Philippine vessels were sailing for the Bajo de Masinloc.
Source: gmanews - 🏆 11. / 68 Read more »

Philippine Banks to Benefit from Robust Economy, says Fitch RatingsFitch Ratings predicts that the strong economy will support the asset quality and earnings of Philippine banks in the next two years, despite lower interest rates. The ratings agency expects GDP growth to accelerate to 6.0-6.5% in 2024 and 2025. Fitch also anticipates stable issuer default ratings for Philippine banks, driven by the expectation of support from the Philippine sovereign if needed. Private banks such as BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Company are expected to outperform state-owned banks due to their underwriting standards and business profiles.
Source: MlaStandard - 🏆 20. / 55 Read more »

Marcos defends VP Sara’s silence over West Philippine Sea issueSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »