June 11, 2021

Erring Gencos facing probe for collusion raps amid continuing brownouts

By Myrna M. Velasco – June 10, 2021, 2:54 PM from Manila Bulletin The Department of Energy (DOE) said erring power generation companies (GenCos) are being investigated for possible collusion that resulted in brownouts this year even as it raised […]
June 11, 2021

SMC Global issues $600-m bonds to fund power plants

By Alena Mae S. Flores – June 10, 2021 at 06:50 pm from manilastandard.net SMC Global Power Holdings Corp., the power generation arm of San Miguel Corp., said Thursday it issued $600-million worth of senior perpetual capital securities with an […]
June 10, 2021

EDC: Palayan binary plant to cut PHL carbon emissions

BY LENIE LECTURA – JUNE 10, 2021 from Business Mirror Lopez-led Energy Development Corp. (EDC), through its BacMan Geothermal Inc. subsidiary, on Wednesday broke ground on its P7-billion Palayan Binary Power Plant (PBPP) project. The 29-megawatt (MW) power facility will […]
June 9, 2021

PNOC in talks with PSALM over sale of ‘banked’ gas

BY LENIE LECTURA – JUNE 9, 2021 from Business Mirror State firms Philippine National Oil Co. (PNOC) and Power Sector Assets and Liabilities Management Corp. (PSALM) signed a memorandum of understanding (MOU) for the possible sale of “banked gas” from […]