Power News

March 10, 2023

First PH offshore wind power project to be operational by 2030

By Alena Mae S. Flores – March 9, 2023, 8:05 pm from manilastandard.net The Philippines may see offshore wind power generation by 2030 at the earliest, an energy executive said Thursday. PetroGreen Energy Corp. vice president Francisco Delfin said the […]
March 10, 2023

Summer power shock: Consumers ‘stress test’ on rate hikes, brownouts

By Myrna M. Velasco – March 9, 2023, 3:09 PM from Manila Bulletin SPECIAL REPORT This isn’t a plot on a horror show – but can anyone imagine the ‘fear factor’ and dread engulfing a consumer when electric bills that […]
March 9, 2023

Meralco sees P0.52/kWh hike in generation charge

By Myrna M. Velasco – March 8, 2023, 2:18 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has estimated P0.52 per kilowatt hour (kWh) hike in its generation charge this March billing; following the Energy Regulatory Commission’s […]
March 9, 2023

ACEN’s board approves P32-b fund-raising plan

By Alena Mae S. Flores – March 8, 2023, 7:55 pm from manilastandard.net ACEN Corp. said Wednesday its board approved the procurement of additional credit facilities of up to P32 billion to finance its expansion program. ACEN said its was […]
March 9, 2023

Alternergy prices IPO at P1.28 per share

By Jenniffer B. Austria – March 8, 2023, 7:15 pm from manilastandard.net Renewable power firm Alternergy Holdings Corp. set the final offer price for its maiden share offering at P1.28 per share, finalizing its offering size at P1.62 billion. Alternergy […]
March 8, 2023

NPC signs MOU for RE projects in SPUG areas

By Alena Mae S. Flores – March 7, 2023, 7:05 pm from Manila Bulletin State-owned National Power Corp. said Tuesday it signed a memorandum of understanding with APTI Renewable Energy Corp. to promote and identify priorities for biofuel and bio-mass […]
March 7, 2023

MORE Electric energizes new substation at Iloilo Business Park

By Alena Mae S. Flores – March 6, 2023, 7:00 pm from manilastandard.net MORE Electric and Power Corp., Iloilo City’s electric distribution utility, said Monday it energized the 30/36 MVA New Megaworld Substation at Iloilo Business Park on March 5. […]
March 7, 2023

Semirara hikes 2023 capex budget

By Alena Mae S. Flores – March 6, 2023, 7:10 pm from manilastandard.net Integrated energy company Semirara Mining and Power Corp. is looking at a capital expenditure budget of P6.1 billion this year, up 42 percent from P4.3 billion last […]
March 7, 2023

Aboitiz Power income surges 32% to P27.5B

By Myrna M. Velasco – March 7, 2023, 8:36 AM from Manila Bulletin Listed firm Aboitiz Power Corporation logged 32-percent surge in consolidated net income last year to P27.5 billion from a leaner P20.8 billion in 2021. The company said […]
March 7, 2023

DoE plans hydrogen-offshore wind integration in PEP

By Myrna M. Velasco – March 6, 2023, 5:05 PM from Manila Bulletin The Department of Energy (DOE) is seriously weighing the possibility of marrying offshore wind with hydrogen in the coupling of technology innovation that shall be cast in […]