February 28, 2024

Limay Power submits best bid for Meralco’s 400-MW supply

By Alena Mae S. Flores – February 27, 2024, 7:35 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Tuesday said it secured the best bid from Limay Power Inc. through a competitive selection process (CSP) for its 400-megawatt […]
February 27, 2024

Meralco’s core income rose 37% to P37.1b in 2023

By Alena Mae S. Flores – February 26, 2024, 8:45 pm from manilastandard.net Manila Electric Co. (Meralco) said Monday its consolidated core net income (CCNI) grew 37 percent in 2023 to P37.1 billion  from P27.1 billion in 2022, led by […]
February 27, 2024

Meralco declares failed bidding for 260-MW interim peaking power supply

By Alena Mae S. Flores – February 26, 2024, 8:25 pm from manilastandard.net Power retailer Manila Electric Co. declared a failure of bidding for the 260-megawatt interim peaking power supply requirement in preparation for an expected increase in demand during […]
February 27, 2024

First Gen saves costs by acquiring operational Casecnan facility

By Alena Mae S. Flores – February 26, 2024, 8:18 pm from manilastandard.net First Gen Corp. of the Lopez Group said Monday it saved on costs and time from building a new power plant by acquiring the 165-megawatt Casecnan Hydroelectric […]