Power News

April 20, 2024

DOE using AI, data analytics to stop collusion in power market

By Alena Mae S. Flores – April 19, 2024, 9:20 pm from manilastandard.net Energy Secretary Raphael Lotilla The Department of Energy (DOE) said Friday it is deploying artificial intelligence and big data to ensure there is no market collusion when […]
April 20, 2024

New Zealand commits $25m for ADB’s energy transition mechanism

By Manila Standard Business – April 19, 2024, 9:10 pm   New Zealand committed $25 million to the Asian Development Bank’s (ADB) Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia. […]
April 19, 2024

PetroGreen signs supply agreement with Trina Solar

By Alena Mae S. Flores – April 18, 2024, 8:10 pm from manilastandard.net PetroGreen Energy Corp., a subsidiary of listed PetroEnergy Resources Corp. and its Chinese supplier Trina Solar, a global leader in smart photovoltaic and energy storage solutions, signed […]
April 19, 2024

NEA extends loans to electric coops worth P263.78m

By Manila Standard Business – April 18, 2024, 7:50 pm State-run National Electrification Administration (NEA) said it granted P263.78 million worth of loans to 12 electric cooperatives (ECs) as of March 31, 2024. Bulk or around P178.45 million was used […]
April 18, 2024

Marcos orders DOE to fix outages

By Charles Dantes & Maricel Cruz – April 18, 2024, 1:05 am from manilastandard.net President Ferdinand Marcos Jr. 19 Luzon power plants still operating under capacity President Ferdinand Marcos ordered the Department of Energy (DOE) to closely monitor the country’s […]
April 18, 2024

Power producers confirm need for new generation plants to avert blackout

By Alena Mae S. Flores – April 17, 2024, 8:55 pm from manilastandard.net The Philippine Independent Power Producers Association (PIPPA) acknowledged the need for additional power plants in the wake of the yellow and red alerts in the Luzon and […]
April 18, 2024

Malampaya offshore gas field exceeds export capacity

By Manila Standard Business – April 17, 2024, 8:50 pm   The Malampaya offshore field was able to reliably deliver more than its export capacity as the Luzon grid was placed on red and yellow alerts by the National Grid […]
April 18, 2024

Basic, Renova to develop 50-MW Mabini wind project

By Alena Mae S. Flores – April 17, 2024, 7:25 pm from manilastandard.net Listed Basic Energy Corp. on Wednesday signed the joint development and shareholder’s agreement (JDSHA) with Japanese renewable energy firm Renova Inc. for the P4.5-billion Mabini wind power […]
April 18, 2024

SPNEC books P5.7-b income following entry of Meralco unit

By Jenniffer B. Austria – April 17, 2024, 7:20 pm from manilastandard.net Renewable energy firm SP New Energy Corp. (SPNEC) booked a net income of P5.7 billion in 2023, a sharp turnaround from net loss of P40.4 million recorded a […]
April 18, 2024

ACEN, Rockefeller Foundation pilot ‘coal to clean’ project

By Alena Mae S. Flores – April 17, 2024, 7:10 pm from manilastandard.net ACEN Corp. and The Rockefeller Foundation said Wednesday the first Coal to Clean Credit Initiative (CCCI) pilot project could avoid up to 19 million tons of carbon […]