Power News

November 4, 2023

Meralco’s peak demand predicted to grow 2.9% to 8,346 MW this year

By Alena Mae S. Flores – November 3, 2023, 8:30 pm from manilastandard.net Power retailer Manila Electric Co.’s (Meralco) peak demand is expected to increase 2.9 percent this year to 8,346 megawatts from 8,111.02 MW in 2022. “This 2023, peak […]
November 4, 2023

NGO wants nuclear project estimates to reflect cost of radioactive waste disposal

By Sheldeen Joy Talavera – November 2, 2023 | 7:40 pm from Business World COST PROJECTIONS for electricity generated by proposed nuclear power plants need to reflect the cost of storing radioactive waste material, a non-government organization (NGO) said. Gerry […]
November 3, 2023

Gov’t requires over P70-b budget to meet electrification goal by ‘28

By Alena Mae S. Flores – November 2, 2023, 9:10 pm from manilastandard.net The Department of Energy (DOE) said some P70.473 billion is needed to meet the government’s total electrification target by 2028. The 2023-2032 National Total Electrification Roadmap identifies […]
November 3, 2023

Meralco invites firms to submit bids for 1,800-MW baseload power supply

By Alena Mae S. Flores – November 2, 2023, 9:00 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Thursday it started the competitive selection process (CSP) or bidding for 1,800 megawatts (MW) of supply to meet the growing […]
November 3, 2023

San Miguel power unit signs P40-b financing deals for energy storage

By Alena Mae S. Flores – November 1, 2023, 7:45 pm from manilastandard.net Ramon Ang Universal Power Solutions, Inc., a wholly-owned subsidiary of San Miguel Global Power Holdings Corp. (SMGP), signed financing agreements worth P40 billion for its battery energy […]
November 3, 2023

Meralco readies bidding for 3,000 MW to replace terminated supply contracts

By Alena Mae S. Flores – November 1, 2023, 7:30 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) is set to conduct a competitive selection process or bidding for a combined 3,000 megawatts of baseload capacity this year. Meralco’s […]
November 2, 2023

Siliman, First Gen unit renew power supply contract

By Alena Mae S. Flores – November 1, 2023, 7:10 pm from manilastandard.net Christian learning institution Silliman University renewed its retail electricity contract with First Gen Corp. of the Lopez Group. This is the university’s third contract renewal with First […]
November 2, 2023

NGCP secures necessary permits for major projects

By Lenie Lectura – October 31, 2023 from Business Mirror The National Grid Corporation of the Philippines (NGCP) was able to fasttrack the permitting process of its P10.2-billion Hermosa-San Jose 500 kilovolt (kV) line and P52-billion Mindanao-Visayas Interconnection Project (MVIP) […]
November 1, 2023

DOE lists winning bidders for geothermal, wind contracts in 4th selection round

By Alena Mae S. Flores – October 31, 2023, 8:55 pm from manilastandard.net The Department of Energy on Tuesday identified the winners for geothermal and wind pre-determined areas (PDAs) following the 4th Open and Competitive Selection Process (OCSP4). PDAs refer […]
November 1, 2023

Semirara’s nine-month income dropped 37%

By Alena Mae S. Flores – October 31, 2023, 8:40 pm from manilastandard.net Semirara Mining and Power Corp. (SMPC) said Tuesday its nine-month net income fell 37 percent to P22.6 billion from P35.9 billion a year ago on lower coal […]