Power News

October 10, 2024

CREC approves release of P1.22-b proceeds from IPO

By Alena Mae S. Flores – October 9, 2024, 8:00 pm from manilastandard.net The board of Citicore Renewable Energy Corp. (CREC) approved the advance release of the proceeds from its initial public offering (IPO) amounting to P1.2228 billion. CREC said […]
October 10, 2024

Philippines’ dependency on coal not cheap—power exec

By inquirer.net – 12:45 PM October 09, 2024 Coal power plant. INQUIRER STOCK PHOTO MANILA — An official of Lopez-led First Gen Corp., the country’s leading clean energy provider, said in a recent forum that the country cannot continue to […]
October 10, 2024

CBK privatization remains on track – PSALM

By Brix Lelis – October 9, 2024 | 12:00am from October 9, 2024 | 12:00am Located in Laguna, the 797-megawatt (MW) power plant is the major privatization project of the Power Sector Assets and Liabilities Management Corp. (PSALM) this year […]
October 10, 2024

Nationwide electrification plan suffers stunted growth

By Jean Mangaluz – October 9, 2024 | 5:41pm from Philstar.com Stock image of electrical grid Image by Couleur from Pixabay MANILA, Philippines — The country’s planned electrification rate is facing a two- to three-year delay, according to the National […]
October 9, 2024

ACEN tweaks investment strategy for wind project

By Lenie Lectura – October 9, 2024 from Business Mirror Giga Ace 6 Inc., a wholly owned subsidiary of ACEN Corp., on Thursday said its board approved a revision in its investment strategy for a 335-megawatt (MW) onshore wind power […]
October 9, 2024

Meralco expects lower October electricity bills

By Gabriell Christel Galang – Oct 8, 2024 05:21 PM from Manila Bulletin Power utility firm Manila Electric Company (Meralco) has announced a potential reduction in consumers’ electricity bills for October. Joe Zaldarriaga, Meralco head of corporate communications, explained that […]
October 9, 2024

MORE completes P60.6-M Molo Substation upgrade

The upgrade reconfigured the substation’s in-out system, significantly reducing the risk of outages in Iloilo City, particularly during peak hours By Maria Bernadette Romero – 09 Oct 2024, 00:20 from Daily Tribune Power consumers in Iloilo City can expect fewer […]
October 8, 2024

New SEC guidelines seen to power up energy sector

By Richmond Mercurio – October 8, 2024 | 12:00am from The Philippine Star This undated file photo shows a building of the Securities and Exchange Commission. MANILA, Philippines — The Securities and Exchange Commission (SEC) is planning to launch early […]
October 8, 2024

NEA approves credit facility to support power co-ops’ non-network, grid projects

By Sheldeen Joy Talavera – October 7, 2024 | 9:26 pm from Business World THE National Electrification Administration (NEA) approved a credit facility to support non-network and smart-grid capital expenditure (capex) requirements of electric cooperatives (ECs). “As a result of […]
October 8, 2024

Monsoon rains fail to dent sales of Meralco in September

By Lenie Lectura – October 8, 2024 from Business Mirror The Manila Electric Co. (Meralco) saw its energy sales rise by 7.1 percent year-on-year at end-September due to the strong demand from residential and commercial subscribers. Electricity sales in January […]