Power News

April 29, 2024

NexGen eyeing IPO to fund RE projects

By Alena Mae S. Flores – April 28, 2024, 8:45 pm from manilastandard.net NexGen Energy Corp., a wholly-owned subsidiary of Pure Energy Holdings Corp. (PEHC) said over the weekend it is preparing for an initial public offering (IPO) to raise […]
April 29, 2024

Ayala unit seeking partners to derisk two energy projects

By Alena Mae S. Flores – April 28, 2024, 8:10 pm from manilastandard.net Listed Ayala-owned Enex Energy Corp. said over the weekend it is looking for partners for Service Contract 55 in the West Philippine Sea and its 1,100-megawatt combined-cycle […]
April 27, 2024

Meralco-Limay power supply deal to save P8b

By Alena Mae S. Flores – April 26, 2024, 9:25 pm from manilastandard.net Power retailer Manila Electric Co. and San Miguel Corp.’s power unit Limay Power Inc. are asking the Energy Regulatory Commission to provisionally approve their 400-megawatt power supply […]
April 27, 2024

NGCP conducts blackout drill to prepare for massive power outages

By Alena Mae S. Flores – April 26, 2024, 9:20 pm from manilastandard.net Grid and transmission network operator National Grid Corp. of the Philippines (NGCP) said it conducted its annual blackout drills to further sharpen its plans and improve grid […]
April 26, 2024

Over 4,000 MW of supply set to come online

By Alena Mae S. Flores – April 25, 2024, 9:00 pm from manilastandard.net The Department of Energy (DOE) said Thursday said at least 4,164.92 megawatts (MW) of power projects will come online this year to augment the country’s energy infrastructure […]
April 26, 2024

Razon’s firm buys stake in Bohol Light

By Alena Mae S. Flores – April 25, 2024, 8:45 pm from manilastandard.net SPC Power Corp. said Thursday its board approved the sale of its 29,925,000 common shares in Bohol Light Company Inc. (BLCI) for P6.67 per share to businessman […]
April 25, 2024

ACEN plans to invest P72b to finance RE projects this year

By Alena Mae S. Flores – April 24, 2024, 8:25 pm from manilastandard.net Ayala Group’s power generation arm ACEN Corp. is looking at capital expenditures (capex) of P72 billion this year to roll out its domestic and international renewable energy […]
April 25, 2024

Japan’s Taisei takes 25% stake in PGEC unit

By Alena Mae S. Flores – April 24, 2024, 7:10 pm from manilastandard.net Taisei Corp., one of Japan’s biggest general contractors, signed an investment framework and shareholders agreement with PetroGreen Energy Corp. (PGEC) to take a 25-percent equity stake in […]
April 24, 2024

Murata, First Gen renew clean power supply deal

By Alena Mae S. Flores – April 23, 2024, 9:05 pm from manilastandard.net Murata Philippines President Masayoshi Koda welcomes Philippine Economic Zone Authority director-general Tereso Panga (left) at Japanese manufacturer’s facility at the First Philippine Industrial Park in Batangas province. […]
April 24, 2024

DOE, Meralco want more ILP participants

By Alena Mae S. Flores – April 23, 2024, 8:20 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) and the Department of Energy (DOE) called on more companies to join the government’s Interruptible Load Program (ILP) to help ensure […]