Power News

May 29, 2023

ERC releases GEAR price for waste-to-energy projects

By Alena Mae S. Flores – May 28, 2023, 6:30 pm from manilastandard.net The Energy Regulatory Commission released over the weekend the preliminary green energy auction reserve price for biomass waste-to-energy projects at P6.4968 per kilowatt-hour. ERC chairperson Monalisa Dimalanta […]
May 27, 2023

EDC stops Peru geothermal projects over uncertainties

By Alena Mae S. Flores – May 26, 2023, 8:55 pm from manilastandard.net First Gen Corp. of the Lopez Group said Friday subsidiary Energy Development Corp. will no longer develop geothermal activities in Peru over political and market uncertainties. First […]
May 27, 2023

ERC vows sanctions vs NGCP on over 70 delayed projects

BY MYRNA M. VELASCO – May 25, 2023 03:57 PM from Manila Bulletin AT A GLANCE Despite delay in the completion of at least 72 projects, NGCP has already been passing on cost recoveries for these facilities in the electric […]
May 26, 2023

Only ERC can audit our system operations—NGCP

By Lenie Lectura – May 26, 2023 from Business Mirror The National Grid Corporation of the Philippines (NGCP) said Thursday the Energy Regulatory Commission (ERC) is the sole agency that could conduct an audit on its system operations. NGCP on […]
May 26, 2023

ACEN hikes stake in developer of Cagayan solar project

By Alena Mae S. Flores – May 25, 2023, 6:50 pm from manilastandard.net ACEN Corp. said Thursday it subscribed to additional shares in Natures Renewable Energy Development Corp., the developer of the 200-megawatt Lal-lo Solar Power Project in Lal-lo, Cagayan […]
May 26, 2023

1,200-MW Ilijan gas plant set to reopen

By Alena Mae S. Flores – May 25, 2023, 7:10 pm from manilastandard.net San Miguel Corp. is set to reintegrate the 1,200-megawatt Ilijan natural gas plant in Ilijan, Batangas to the national grid on June 2 this year, bringing much-needed […]
May 25, 2023

ACEN plans to sell P25b worth of preferred shares

By Alena Mae S. Flores – May 24, 2023, 6:20 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, said Wednesday it plans a public offering of 25 million preferred shares at P1,000 apiece for a […]
May 25, 2023

Right-of-way issues, COVID-19 problems delay 72 NGCP projects

By Alena Mae S. Flores – May 24, 2023, 6:05 pm from manilastandard.net The Energy Regulatory Commission said Wednesday 72 of the 348 approved projects of the National Grid Corp. of the Philippines suffered delays, which the company attributed mostly […]
May 25, 2023

Only ERC may do system operations audit – NGCP

BY MYRNA M. VELASCO – May 24, 2023 06:01 PM from Manila Bulletin Transmission firm National Grid Corporation of the Philippines (NGCP) objected to the planned audit by the Department of Energy (DOE) and two other state-run companies – the […]
May 25, 2023

EDC to complete Pts7-BAlbay power plant in Q3

By Lenie Lectura – May 23, 2023 from Business Mirror Lopez-led Energy Development Corp. (EDC) is set to complete its P7-billion binary power plant in Albay in the third quarter. Its parent firm reported last week that the 28.9-megawatt (MW) […]