December 18, 2021

No concrete timeline yet on power restoration

By Myrna M. Velasco – December 17, 2021, 4:03 PM from Manila Bulletin The Department of Energy (DOE) said it cannot commit yet if Filipino consumers in the typhoon Odette-battered areas in Visayas and Mindanao will fully regain their electricity […]
December 17, 2021

PSALM ordered not to take on more liabilities from Mindanao power co-ops owing billions

By Marielle C. Lucenio – December 17, 2021 | 12:10 am from Business World THE Power Sector Assets and Liabilities Management Corporation (PSALM) said Wednesday that it has been instructed by the Department of Finance (DoF) to stop taking on […]
December 17, 2021

JERA finalizes purchase of stake in AboitizPower

By James A. Loyola – December 16, 2021, 2:58 PM from Manila Bulletin Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the […]
December 16, 2021

PNOC-EC withholds consent to sale of Malampaya stake

BY LENIE LECTURA – DECEMBER 15, 2021 from Business Mirror The Malampaya Deep Water Gas-to-Power Project, located 50 km offshore Northwest Palawan. The Philippine National Oil Co.-Exploration Corp. (PNOC-EC), which holds a 10-percent stake in the Malampaya consortium, is not […]