April 18, 2024

Power producers confirm need for new generation plants to avert blackout

By Alena Mae S. Flores – April 17, 2024, 8:55 pm from manilastandard.net The Philippine Independent Power Producers Association (PIPPA) acknowledged the need for additional power plants in the wake of the yellow and red alerts in the Luzon and […]
April 18, 2024

Malampaya offshore gas field exceeds export capacity

By Manila Standard Business – April 17, 2024, 8:50 pm   The Malampaya offshore field was able to reliably deliver more than its export capacity as the Luzon grid was placed on red and yellow alerts by the National Grid […]
April 18, 2024

Basic, Renova to develop 50-MW Mabini wind project

By Alena Mae S. Flores – April 17, 2024, 7:25 pm from manilastandard.net Listed Basic Energy Corp. on Wednesday signed the joint development and shareholder’s agreement (JDSHA) with Japanese renewable energy firm Renova Inc. for the P4.5-billion Mabini wind power […]
April 18, 2024

SPNEC books P5.7-b income following entry of Meralco unit

By Jenniffer B. Austria – April 17, 2024, 7:20 pm from manilastandard.net Renewable energy firm SP New Energy Corp. (SPNEC) booked a net income of P5.7 billion in 2023, a sharp turnaround from net loss of P40.4 million recorded a […]
April 18, 2024

ACEN, Rockefeller Foundation pilot ‘coal to clean’ project

By Alena Mae S. Flores – April 17, 2024, 7:10 pm from manilastandard.net ACEN Corp. and The Rockefeller Foundation said Wednesday the first Coal to Clean Credit Initiative (CCCI) pilot project could avoid up to 19 million tons of carbon […]
April 17, 2024

PetroEnergy’s net profit rises 9% to P944m amid stable operations

By Manila Standard Business – April 16, 2024, 8:35 pm The Yuchengco Group’s listed energy arm PetroEnergy Resources Corp. (PERC) said Tuesday it posted a 9-percent increase in its consolidated net income in 2023 to P944 million from P863 million […]
April 17, 2024

Floating battery storage in Davao now operational

By Alena Mae S. Flores – April 16, 2024, 8:30 pm from manilastandard.net Aboitiz Power Corp., through its subsidiary Therma Marine Inc. (TMI), recently held the ceremonial switch-on of Southeast Asia’s first 49-megawatt (MW) hybrid battery energy storage system (BESS) […]
April 17, 2024

Wärtsilä pushes flexible power

By Manila Standard Business – April 16, 2024, 7:45 pm Technology group Wärtsilä Energy is calling for urgent action to enable more flexibility in power systems in the Philippines. The government earlier published the National Renewable Energy Program (NREP) 2020–2040, […]
April 17, 2024

Luzon grid faces power outages as 19 plants shut off

By Manila Standard Business – April 16, 2024, 10:37 am The National Grid Corporation of the Philippines (NGCP) announced a red alert status for the Luzon grid Tuesday, warning of possible power outages between 2 p.m. and 4 p.m. and […]
April 16, 2024

CNOOC wins bid to supply LNG cargo to First Gen

By Alena Mae S. Flores – April 15, 2024, 9:50 pm from manilastandard.net First Gen Corp. said Monday it awarded the contract to Chinese supplier CNOOC Gas and Power Trading & Marketing Ltd. (CNOOC) for the supply of liquefied natural […]