Power News

August 15, 2023

ACEN sees strong demand for P25-b preferred shares offer

By Alena Mae S. Flores – August 14, 2023, 8:05 pm from manilastandard.net ACEN Corp., the listed energy arm of the Ayala Group, expressed confidence on strong institutional and individual investor take-up of its P25-billion preferred shares issuance, company executives […]
August 14, 2023

DOE endorses 74 projects for SIS process

BY MYRNA M. VELASCO – Aug 14, 2023 00:01 AM from Manila Bulletin The Department of Energy (DOE) has endorsed at least 74 new projects this year that will advance into the system impact study (SIS) phase by system operator […]
August 14, 2023

Malampaya operator supports bill on gas industry

By Alena Mae S. Flores – August 13, 2023, 7:55 pm from manilastandard.net Prime Energy Resources Development B.V., operator of the Malampaya Deepwater Gas to Power project, said over the weekend it fully supports Senate Bill No. 152 which seeks […]
August 14, 2023

Aboitiz studying 150-MW Cebu coal plant expansion

By Alena Mae S. Flores – August 13, 2023, 7:35 pm from manilastandard.net Aboitiz Power Corp. is studying a 150-megawatt expansion of Therma Visayas Inc.’s 350-MW Toledo circulating fluidized bed coal plant in Cebu. Aboitiz Power president and chief executive […]
August 14, 2023

Developers want to unlock potential of floating solar projects

By Alena Mae S. Flores – August 13, 2023, 7:00 pm from manilastandard.net Renewable energy developers expect to unlock the full potential of floating solar projects in Laguna Lake through hybridization with battery storage and imposition of higher tariff. Philippine […]
August 11, 2023

ERC suspends 3% franchise tax on transmission costs

By Alena Mae S. Flores – August 10, 2023, 9:20 pm from manilastandard.net The Energy Regulatory Commission said Thursday it suspended the effectivity of the Resolution No. 07, Series of 2011 including the 3 percent franchise tax of the National […]
August 11, 2023

Aboitiz Power in talks with US nuclear firm

By Alena Mae S. Flores – August 10, 2023, 8:05 pm from manilastandard.net Aboitiz Power Corp. continues to talk to US nuclear firm Ultra Safe Nuclear Corp. for the development of micro modular reactors in the Philippines, a top executive […]
August 10, 2023

Meralco: August power rates dropped P0.29 per kWh on lower generation charges

By Alena Mae S. Flores – August 9, 2023, 8:35 pm from manilastandard.net Power retailer Manila Electric Co. announced Wednesday a reduction of P0.2908 per kilowatt-hour in August rates, the second consecutive month of price reduction. Meralco said the overall […]
August 10, 2023

First Gen’s six-month recurring income up 30%

By Alena Mae S. Flores – August 9, 2023, 8:20 pm from manilastandard.net Lopez Group‘s clean and renewable energy provider First Gen Corp. said Wednesday recurring net income climbed 30 percent in the first half to $167 million (P9 billion) […]
August 10, 2023

Gov’t seeks additional credit line for NPC

By Alena Mae S. Flores – August 9, 2023, 7:25 pm from manilastandard.net The government is looking for additional credit line for National Power Corp. aside from the P5 billion approved by President Ferdinand Marcos Jr. to fund the budget […]