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The belief that “Filipinos deserve better” has always been integral to Vista Land’s day-to-day operations and success. Creating better and more global offerings and experiences for its investors and residents has always been the impetus behind the company’s continuous evolution. This evolution has become the antecedent for Vista Estates –…
The Philippine franchising sector is growing and based on the latest industry estimates, the sector could still grow by up to 15 percent in terms of the number of franchises in the coming years. To date, there are around 200,000 franchisors in the country which, when taken together, can easily…
EDC among 5 bidders for geothermal, hydro projects on February 17, 2021 at 9:00 pm Five power generators led by Lopez-led Energy Development Corporation (EDC) have submitted bids to the Department of Energy (DOE) in its third Open and Competitive Selection Process (OCSP3), which aims develop renewable energy (RE) projects in the country. The DOE offered a total of 22 pre-determined areas for development, five of them geothermal and 17 hydropower. EDC submitted its bids for the 27-megawatt (MW) Daklan Geothermal Project in Bokod, Benguet and the 17MW Puting Lupa Geothermal Project in Laguna....
Still no foreign investors for geothermal, biomass projects on December 28, 2020 at 10:58 am The Philippines has yet to catch the attention of foreign investors to develop the country’s geothermal and biomass resources for power despite the government allowing full foreign ownership of such projects, according to Energy Sec. Alfonso Cusi. But while the Department of Energy (DOE) has not received any application to build a biomass facility wholly owned by a foreign entity, DOE Renewable Energy Management Bureau Director Mylene Capongcol said the department got many applications for biomass ...
Published December 22, 2020, 7:00 AM Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government. “We don’t know of any foreign company yet. There were companies that submitted letters of intent – these are two local companies,” DOE Director Mylene Capongcol said. She noted that at least three geothermal blocks are being tendered to interested foreign inv...