Power News

February 23, 2024

Aboitiz Power hikes stake in Mindanao coal plant operator

By Alena Mae S. Flores – February 22, 2024, 8:50 pm from manilastandard.net Aboitiz Power Corp. said Thursday it signed a share purchase agreement for the acquisition of an additional 15.6-percent equity stake in STEAG State Power Inc. (SPI) for […]
February 23, 2024

DOE allays offshore wind investors’ worries over DENR policy

By Alena Mae S. Flores – February 22, 2024, 8:00 pm from manilastandard.net Energy Secretary Raphael Lotilla Energy Secretary Raphael Lotilla on Thursday assured offshore wind (OSW) stakeholders that the new order of the Department of Environment and Natural Resources […]
February 22, 2024

AboitizPower expresses interest in CBK hydro power plants in Laguna

By Alena Mae S. Flores – February 21, 2024, 8:25 pm from manilastandard.net Aboitiz Power Corp. expressed interest in participating in the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydropower plants in Lumban, Majayjay and Kalayaan, Laguna this year. AboitizPower is one […]
February 22, 2024

Boracay wind project compliant with environmental standards – PetroWind

By Alena Mae S. Flores – February 21, 2024, 8:10 pm from manilastandard.net Yunchengco-led PetroWind Energy Inc. on Wednesday assured stakeholders of the second phase of its wind farm project in Boracay, Aklan that it is employing extensive and effective […]
February 22, 2024

NEA, partners create group to identify areas without electricity

By Alena Mae S. Flores – February 21, 2024, 8:00 pm from manilastandard.net The National Electrification Administration (NEA), Philippine Space Agency (PhilSA) and the University of the Philippines (UP) has started preparations to map out the unserved and underserved rural […]
February 21, 2024

Citicore defers P12.9-b IPO, listing to second quarter

By Jenniffer B. Austria – February 20, 2024, 7:30 pm from manilastandard.net Citicore Renewable Energy Corp. (CREC) said Tuesday it is delaying its planned P12.9-billion initial public offering (IPO) to the second quarter of 2024 as it evaluates offers from […]
February 21, 2024

P3.1-b Negros solar plant eyed for completion this year

By Alena Mae S. Flores – February 20, 2024, 7:15 pm from manilastandard.net Citicore Renewable Energy Corp. (CREC) on Tuesday held the ceremonial groundbreaking for its new 69-megawatt (MW) solar power plant in Barangay Eustaquio Lopez, Silay City, Negros Occidental […]
February 21, 2024

AboitizPower names nominees to nine-man board for 2024-2025

By Alena Mae S. Flores – February 19, 2024, 7:50 pm from manilastandard.net Aboitiz Power Corp. on Monday disclosed the list of nominees for its nine-member board of directors for 2024-2025, including two independent board nominees. The company said in […]
February 19, 2024

Quezon Power investing P71b in Quezon LNG project

By Alena Mae S. Flores – February 18, 2024, 8:30 pm from manilastandard.net Quezon Power (Philippines) Ltd. Co. (QPPL) plans to build a 1,200-megawatt liquefied natural gas (LNG) power plant and an onshore regasification and storage facility in Mauban, Quezon […]
February 18, 2024

Significant increase in renewable energy investments seen

By Meg J. Adonis – 11:07 AM February 17, 2024 from inquirer.net / Philippine Daily Inquirer MANILA, Philippines  —Renewable energy is soon expected to outpace natural gas in terms of generation as investments in solar and wind capacities are projected […]