Power News

August 26, 2023

PSALM to issue invitation to bid for 797-MW CBK hydro plants in December

By Alena Mae S. Flores – August 25, 2023, 9:30 pm from manilastandard.net STATE-RUN Power Sector Assets and Liabilities Management Corp. will issue the invitation to bid for the privatization of the 797.92-megawatt Caliraya-Botocan-Kalayaan hydropower plants in December 2023, a […]
August 26, 2023

IEEFA report singles out 3 power firms for their innovativeness in RE shift

By Lenie Lectura – August 23, 2023 from Business Mirror Aerial view of solar farm and windmills for electric power production in Ilocos Norte. THE Institute for Energy Economics and Financial Analysis (IEEFA) cited ACEN Corporation, Citicore Energy REIT Corp. (CREIT), and Solar Philippines as among the […]
August 25, 2023

NEA to expedite electric coops projects

Sets regional procurement hubs in strategic areas BY MYRNA M. VELASCO – Aug 25, 2023 10:32 AM from Manila Bulletin AT A GLANCE The regional procurement hubs are intended to “curb irregularities in the bidding process” which was alleged to […]
August 25, 2023

DOE sets rules on ‘opt-in mechanism’ for RE capacity

BY MYRNA M. VELASCO – Aug 25, 2023 08:55 AM from Manila Bulletin AT A GLANCE The “opt-in policy” allows mandated participants to “have the option to procure from the GEAP pool of winning bidders under a particular auction round.” […]
August 24, 2023

ERC extends suspension on feed-in tariff collection

By Alena Mae S. Flores – August 23, 2023, 8:00 pm from manilastandard.net The Energy Regulatory Commission said Tuesday it extended the suspension on the feed-in tariff allowance collection until September 2023. “This decision introduces remedies to ease the financial […]
August 24, 2023

DOE to bid out 20 renewable energy sites

By Alena Mae S. Flores – August 23, 2023, 7:15 pm from manilastandard.net The Department of Energy is bidding out 20 pre-determined areas with a combined renewable energy capacity of more than 247.98 megawatts on Aug. 29. It is offering […]
August 24, 2023

PSALM expects to reduce debt to P306 billion

By Alena Mae S. Flores – August 23, 2023, 7:05 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. expects to reduce its financial obligations to P306.6 billion by the end of 2023. “I would like to highlight […]
August 24, 2023

ThermaPrime completes drilling of 15 geothermal wells

By Alena Mae S. Flores – August 23, 2023, 6:55 pm from manilastandard.net ThermaPrime Drilling Corp. said Wednesday it completed its 15-well drilling program for the Philippine Geothermal Production Co. Inc., one of the major geothermal developers in the Philippines. […]
August 23, 2023

ACEN Renewables, German firm get approval for joint venture

By Alena Mae S. Flores – August 22, 2023, 7:40 pm from Manila Bulletin ACEN Renewables International Pte Ltd. and German firm ib vogt (Singapore) Pte. Ltd. on Tuesday declared effective the shareholder’s agreement for their joint venture company, IBV […]
August 23, 2023

ERC extends suspension of FIT-All in electric bills

BY MYRNA M. VELASCO – Aug 22, 2023 04:45 PM from Manila Bulletin AT A GLANCE The FIT-All is a charge reflected in the bills of all ratepayers; and the funds accruing from such collections are in turn utilized to […]