Power News

November 16, 2023

NEA launches natural gas-fired power procurement for electric cooperatives

By Sheldeen Joy Talavera – November 14, 2023 | 8:41 pm from Business World THE National Electrification Administration (NEA) said it is kicking off the procurement process for power generated by natural gas-fired plants for use by electric cooperatives (ECs). […]
November 16, 2023

System impact studies approved for 32,000 MW worth of power projects

By Sheldeen Joy Talavera – November 14, 2023 | 8:41 pm from Business World THE Department of Energy (DoE) has endorsed to the National Grid Corp. of the Philippines 128 projects with a combined capacity of more than 32,000 megawatts […]
November 15, 2023

ABAC seeks financing collaboration for nuclear

By Alena Mae S. Flores – November 14, 2023, 8:35 pm from manilastandard.net The APEC Business Advisory Council (ABAC) on Tuesday called for collaboration with APEC economies and partners to finance the construction of sustainable nuclear power plants to reduce […]
November 15, 2023

Alsons nets P1.8b in three quarters

By Alena Mae S. Flores – November 14, 2023, 8:25 pm from manilastandard.net Alsons Consolidated Resources Inc. on Tuesday reported net earnings of P1.8 billion for the first three quarters of 2023, a 32 percent jump year-on-year from P1.35 billion […]
November 15, 2023

REDC expects to hit P250m income in 2023

By Alena Mae S. Flores – November 14, 2023, 7:35 pm from manilastandard.net Repower Energy Development Corp. is projecting a record net income of close to P250 million in 2023 and P450 million in 2024 following its strong financial performance […]
November 15, 2023

Meralco rates among most competitive in the Philippines

By Alena Mae S. Flores – November 14, 2023, 4:56 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Tuesday its electricity rates and service quality are among the most competitive in the Philippines. Meralco spokesperson Joe Zaldarriaga said […]
November 14, 2023

SMC, Aboitiz Power join four firms in bidding for Meralco’s supply deal

By Alena Mae S. Flores – November 13, 2023, 7:20 pm from manilastandard.net Conglomerates San Miguel Corp. (SMC) and Aboitiz Power Corp. joined four other companies that submitted expression of interest to bid for Manila Electric Co.’s (Meralco) 1,800 megawatts […]
November 14, 2023

Rooftop solar policy expected to allow sharing power with grid, other parties

By Sheldeen Joy Talavera – November 13, 2023 | 8:26 pm from Business World YUE CHAN-UNSPLASH THE Department of Energy (DoE) said rooftop solar projects may soon be governed by rules that will allow the injection of spare power back […]
November 14, 2023

Self-financed investment in energy efficiency projects seen rising to P1.7T

By Sheldeen Joy Talavera – November 12, 2023 | 8:04 pm from Business World PHILSTAR SELF-FINANCED projects are expected to account for up to P1.7 trillion worth of energy efficiency investments by 2040, according to the Philippine Energy Efficiency Alliance, […]
November 14, 2023

First Gen raises P20 billion to support Casecnan plant acquisition

By Alena Mae S. Flores – November 13, 2023, 3:17 pm from manilastandard.net Casecnan hydroelectric power plant First Gen Corp. said Monday it signed term loan agreements with BDO Unibank Inc. and Bank of the Philippine Islands for P20-billion loan […]