Power News

November 8, 2023

Meralco expects to complete purchase of SPNEC’s majority stake this year

By Alena Mae S. Flores – November 7, 2023, 8:12 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) expects to complete the acquisition of a majority stake in SP New Energy Corp. (SPNEC) by yearend, a top executive said […]
November 8, 2023

DOE to hold bidding for microgrid service provider

By Alena Mae S. Flores – November 7, 2023, 7:45 pm from manilastandard.net The Department of Energy (DOE) launched the bidding for microgrid service provider (MGSP) that will serve 98 unserved and underserved areas. It said in a statement the […]
November 8, 2023

Meralco to sign agreement with US nuclear firm

By Alena Mae S. Flores – November 7, 2023, 7:20 pm from manilastandard.net Power retailer Manila Electric Co.  expects to sign a cooperation agreement with US nuclear firm Ultra Safe Nuclear Corp.  next week during the US trip of President […]
November 7, 2023

Meralco’s core net income jumped 53% to P30b in first three quarters

By Alena Mae S. Flores – November 6, 2023, 9:25 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Monday it expects full-year consolidated core net income (CCNI) to reach P37 billion. The company said its CCNI jumped 53 […]
November 7, 2023

Aboitiz Power signs agreement with JBIC on clean energy

By Alena Mae S. Flores – November 6, 2023, 9:05 pm from manilastandard.net Aboitiz Power Corp. signed a memorandum of understanding (MOU) with Japan Bank for International Cooperation (JBIC) to help strengthen its emissions reduction efforts, introduce cutting-edge transition technologies […]
November 7, 2023

ACEN extends $25-million support to telecom tower builder

By Alena Mae S. Flores – November 6, 2023, 9:00 pm from manilastandard.net ACEN Corp. through subsidiary ACEN Renewables International Pte. Ltd. (ACRI) made available a $25-million (P1.4 billion) facility to Yoma Strategic Investments Ltd. (YSIL) to fund the micro […]
November 6, 2023

DOE expects 2 new geothermal plants to start operations soon

By Alena Mae S. Flores – November 5, 2023, 7:15 pm from manilastandard.net The Department of Energy (DOE) expects two geothermal power projects to be completed by the end of the year. It identified the projects as the 17-megawatt Tiwi […]
November 6, 2023

NPC wants share in universal charges

By Alena Mae S. Flores – November 5, 2023, 7:00 pm from manilastandard.net State-run National Power Corp. (NPC) is seeking approval from the Energy Regulatory Commission (ERC) to avail of missionary electrification (ME) share from the universal charge (UC) amounting […]
November 6, 2023

S&P raises rating outlook on Meralco

By Richmond Mercurio – November 4, 2023 | 12:00am from The Philippine Star Electrical linemen conduct maintenance check on electric posts along BIR Road in Diliman, Quezon City on Aug. 7, 2023. Jesse Bustos / The Philippine STAR Stable cash […]
November 6, 2023

BOI investment approvals hit P1.07 T end-October

BY MA. JOSELIE C. GARCIA – Nov 3, 2023 07:50 PM from Manila Bulletin AT A GLANCE Of the P1.07 trillion investments approved by the Board of Investments (BOI) in the first 10 months of 2023, renewable energy and power […]