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BOI approves P1.1-billion hydroelectric plant project in Davao del Sur

April 12, 2013 17:19
Board of Investments (BOI) has approved the application of Hedcor Sibulan Inc. (HSI), the renewable energy developer of the Tudaya 1 Hydroelectric Power Plant in Sta. Cruz, Davao del Sur. With a capital investment of P1.165 million, the firm will operate the plant which is projected to provide additional 6.6 MW to the current supply of power in Mindanao. It will tap the waters of the Sibulan and Baroring river systems to generate power. The amount of power to be produced is expected to be sold to Davao Light and Power Company, Inc.

KESC’s Unique Transformation

April 12, 2013 16:46
KESC’s Chairman, Tabish Gauhar, recently addressed two classes at the Harvard Business School and presented KESC’s turnaround story that revolves around a unique value creation model that ensures environmental, social and governance (ESG) gains as means to sustainable economic and financial value creation.Harvard Business School and Harvard Kennedy School recently did a joint Case Study on KESC’s turnaround strategy to holistically capture the unique public-private partnership model that was aimed at transforming the ailing power utility with a long public sector legacy.

U.S. manufacturers say carbon tax could cut factory output

February 26, 2013 18:30
* Pre-emptive strike against any attempt to tax polluters * Group warns that energy prices would rise, wages fall * Some see carbon tax as solution to budget deficit WASHINGTON, Feb 26 (Reuters) - The largest U.S. manufacturers' association on Tuesday warned that a potential tax on carbon emissions to fight global warming would cut factory output and could hurt the U.S. economy in other ways.

UPDATE 1-UK economy to take 2013 oil hit before N.Sea recovery

February 25, 2013 13:15
* Oil & gas production to fall 3-6 pct in 2013 -Oil & Gas UK * Industry body survey says output down 14 pct in 2012 * Production seen rising in the period 2014 to 2017 * Sluggish growth cited by Moody's in downgrade By Sarah Young

FACTBOX-Mexico's oil giant Pemex at reform crossroads

February 1, 2013 15:16
Feb 1 (Reuters) - An explosion on Thursday at the headquarters of Mexican state oil giant Pemex killed at least 32 people, dealing a blow to the company's image as the government prepares a reform to draw in more private investment. The following are key facts about Pemex: * Mexico is the world's No. 7 oil producer and a top exporter to the United States. Output has slumped from a peak of 3.4 million barrels per day in 2004 as major fields aged to stabilize around 2.55 million bpd.

Curbing climate change will cost $700 bln a year-report

January 21, 2013 15:00
* Says spending needed on buildings, energy, transport * Governments haggle over who should pay the bill * Recessions limit state resources to tackle climate change By Alister Doyle OSLO, Jan 21 (Reuters) - The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday.

COLUMN-Peak oil and other fallacies: John Kemp

January 21, 2013 09:30
(John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp LONDON, Jan 21 (Reuters) - "The limit of production in this country (the United States) is being reached, and although new fields undoubtedly await discovery, the yearly (oil) output must inevitably decline, because the maintenance of output each year necessitates the drilling of an increasing number of wells.
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