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 […]
March 14, 2024

PH electricity pricing: Is imported LNG pricier than Malampaya gas?

By Ray S. Eñano – March 13, 2024, 6:45 pm from manilastandard.net “The Malampaya gas producer believes so—but Meralco thinks otherwise.” The results of the supply auction for 1,200 megawatts of electricity have elicited mixed responses from contending major generation […]
March 5, 2024

Meralco, Aboitiz sign LNG joint venture

By Alena Mae S. Flores – March 4, 2024, 8:55 pm from manilastandard.net MERALCO PowerGen Corp. (MGen) of Manila Electric Co. and Therma NatGas Power Inc. (TNGP) of Aboitiz Power Corp. signed an investment agreement to acquire Chromite Gas Holdings […]
March 4, 2024

San Miguel selling 2 power plants to Meralco, Aboitiz unit for over $3b

By Alena Mae S. Flores – March 3, 2024, 9:50 pm from manilastandard.net Meralco PowerGen Corp. and Aboitiz Power Corp. said they are jointly investing in two of San Miguel Global Power Holdings Corp.’s gas-fired power plants in a deal […]