BATANGAS Rep. Leandro Antonio L. Leviste on Wednesday rejected blame over the multibillion-peso fine imposed by the Energy department on numerous delayed energyBATANGAS Rep. Leandro Antonio L. Leviste on Wednesday rejected blame over the multibillion-peso fine imposed by the Energy department on numerous delayed energy

Leviste says he did not receive DoE’s P24-B fine notice

2026/01/21 20:54
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]

BATANGAS Rep. Leandro Antonio L. Leviste on Wednesday rejected blame over the multibillion-peso fine imposed by the Energy department on numerous delayed energy projects, saying the notice was not sent to a company he owned.

Mr. Leviste said the Energy department’s P24-billion fine for delayed projects was sent to SP New Energy Corp. (SPNEC) and not Solar Philippines Power Project Holdings, Inc., but stopped short of saying that SPNEC should shoulder it.

“It was not Solar Philippines Power Project Holdings that received the letter about the said fine, but SP New Energy Corp.,” he said in a media briefing in Filipino. “I can categorically say that none of my companies received a letter stating there was a P24-billion penalty, and that it was SPNEC which received the letter.”

An SPNEC representative, reached for comment, reiterated the company is not liable for the Department of Energy’s (DoE) multibillion-peso penalty.

The dispute over liability arose after Energy Secretary Sharon S. Garin last week said Solar Philippines would be fined for delays in delivering nearly 12,000 megawatts (MW) of renewable energy. The DoE terminated 33 of its service contracts, accounting for around 64% of more than 18,000 MW of potential capacity.

Mr. Leviste said he had paid other fines imposed by the DoE. “We already paid other penalties… just recently… about P70 million.” — Kenneth Christiane L. Basilio

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.0003551
$0.0003551$0.0003551
-0.42%
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Coinbase CLO: Clarity Act Deal on Stablecoin Yield ‘Very Close’

Coinbase CLO: Clarity Act Deal on Stablecoin Yield ‘Very Close’

The post Coinbase CLO: Clarity Act Deal on Stablecoin Yield ‘Very Close’ appeared on BitcoinEthereumNews.com. In brief Coinbase Chief Legal Officer Paul Grewal
Share
BitcoinEthereumNews2026/04/02 19:54
South Korea Stablecoin Legislation: FSC Accelerates Crucial Regulatory Framework and Tax Review

South Korea Stablecoin Legislation: FSC Accelerates Crucial Regulatory Framework and Tax Review

BitcoinWorld South Korea Stablecoin Legislation: FSC Accelerates Crucial Regulatory Framework and Tax Review SEOUL, South Korea – March 2025 – South Korea’s Financial
Share
bitcoinworld2026/04/02 18:20
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!