Power News

May 11, 2023

SunAsia, Blueleaf Energy get floating solar energy contracts

By Alena Mae S. Flores – May 10, 2023, 6:10 pm from manilastandard.net The Department of Energy on Tuesday awarded to SunAsia Energy Inc. and its partner, Macquarie Group’s Blueleaf Energy six solar energy operating contracts for the construction of […]
May 11, 2023

ERC to prioritize approval of NGCP contracts

Following PBBM’s order to fast track contract award   BY MYRNA M. VELASCO – May 10, 2023 04:09 PM from Manila Bulletin AT A GLANCE The ancillary services procured by NGCP will help address imbalances and technical stresses in the power […]
May 10, 2023

Spikes in WESM prices to hike Meralco rates this May

BY MYRNA M. VELASCO – May 9, 2023 02:10 PM from Manila Bulletin AT A GLANCE The stretch of the summer months will torture consumers not just with rate hikes, but also tightrope walk on power supply that could descend […]
May 10, 2023

First Gen registered 52% increase in Q1 recurring net income to $89m

By Alena Mae S. Flores – May 9, 2023, 8:25 pm from manilastandard.net The Lopez Group‘s clean and renewable energy provider First Gen Corp. on Tuesday reported a 52-percent increase in recurring net income in the first quarter to $89 […]
May 10, 2023

Alternergy awards EPC contract for solar project

By Alena Mae S. Flores – May 8, 2023, 8:55 pm from manilastandard.net Listed Alternergy Holdings Corp. said Monday it awarded the engineering, procurement and construction contract for the 20-megawatt Solana solar power project in Hermosa, Bataan of wholly-owned subsidiary […]
May 9, 2023

Aboitiz: PHL’s shift to clean energy must be calculated

BY LENIE LECTURA – MAY 9, 2023 from Business Mirror Aboitiz Power Corp. (AboitizPower) said Monday the country’s shift to renewable energy (RE) should be “calculated and well-managed, as opposed to being urgent and aggressive,” to avoid “potential unintended consequences […]
May 9, 2023

MPower aims to increase renewable energy portfolio to 800 MW

By Alena Mae S. Flores – May 8, 2023, 6:40 pm from manilastandard.net Mpower Inc., the local retail electricity supplier unit of Manila Electric Co., said it aims to increase the renewable energy in its supply porfolio to 800 megawatts […]
May 9, 2023

NGCP places Luzon grid on red alert amid lack of supply

By Alena Mae S. Flores – May 8, 2023, 3:00 pm from manilastandard.net The National Grid Corp. of the Philippines placed the Luzon grid on red alert status today from 1 p.m. to 4 p.m. and 6 p.m. to 8 […]
May 8, 2023

Semirara keen on building new coal-fired power plant

BY LENIE LECTURA – MAY 8, 2023 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) will pursue plans to develop a 700-megawatt (MW) coal-fired power plant, via subsidiary St. Raphael Power Generation Corp., as part of its long-term […]
May 8, 2023

ACEN eyes more investment deals

BY LENIE LECTURA – MAY 8, 2023 from Business Mirror ACEN Corp., the listed energy platform of conglomerate Ayala Corp., is expected to forge more investment deals abroad in the next few months. “I wouldn’t be surprised if we would […]