December 23, 2017

SMC to borrow $1.3 B for Masinloc plant purchase

By Myrna M. Velasco – December 22, 2017, 10:01 PM from Manila Bulletin Diversifying conglomerate San Miguel Corporation (SMC) will be tapping the capital markets again next year for roughly $1.3 billion worth of fresh borrowings to finance its 630-megawatt Masinloc […]
December 22, 2017

Rules on renewables costly

By Alena Mae S. Flores – December 21, 2017 at 07:20 pm from manilastandard.net Power retailer Manila Electric Co. warned that consumers would shoulder more than P100 billion annually by 2030 under the government’s mandate of a 35-percent renewable energy share in the […]
December 22, 2017

San Miguel offers Ilijan plant if Malampaya gas dries up

By Lenie Lectura – December 21, 2017 from Business Mirror   SOUTH Premiere Power Corp. (SPPC) may operate the 1,200-megawatt (MW) Ilijan combined-cycle power plant as a peaking facility when gas from Malampaya runs out. This was expressed by Ramon Ang, president […]
December 20, 2017

SNAP to ramp up capacity via $1.75-billion spending

By Lenie Lectura – December 19, 2017 from Business Mirror THE SN Aboitiz Power (SNAP) Group may spend $1.75 billion in the next 10 years to ramp up its capacity by 500 megawatts (MW) more.“The rule of thumb is you spend $3 […]