Power News

February 25, 2023

ECs urged to follow ERC rules on capex approval

By Myrna M. Velasco – February 23, 2023, 5:47 PM from Manila Bulletin The National Electrification Administration (NEA) has urged the country’s electric cooperatives to adhere to the amended rules set forth by the Energy Regulatory Commission (ERC) on the […]
February 24, 2023

ERC suspends FIT-ALL collection by another six months

By Alena Mae S. Flores – February 23, 2023, 7:25 pm from manilastandard.net The Energy Regulatory Commission said Thursday it suspended the collection of feed-in tariff allowance for another six months starting March 2023. It said in a statement it […]
February 24, 2023

DOE awards 55 offshore wind service contracts

By Alena Mae S. Flores –  February 23, 2023, 7:10 pm from manilastandard.net The Department of Energy said Thursday it awarded 55 offshore wind service contracts with an aggregate capacity of 40,680 megawatts, reflecting strong investor interest in the emerging […]
February 24, 2023

PetroWind secures P1.8-billion loan from DBP

By Alena Mae S. Flores – February 23, 2023, 6:45 pm from manilastandard.net PetroWind Energy Inc. of the Yuchengco Group said Thursday it signed a P1.8-billion loan agreement with state-run Development Bank of the Philippines for the 13.2-megawatt Nabas-2 wind […]
February 23, 2023

WESM prices rise above P1.00/kWh during Malampaya shutdown

By Myrna M. Velasco – February 23, 2023, 6:58 AM from Manila Bulletin Settlement prices at the Wholesale Electricity Spot Market (WESM) climbed by roughly P1.36 per kilowatt hour (kWh) on average on the two-week duration of the Malampaya gas […]
February 23, 2023

First Gen underscores decarbonization plan

By Alena Mae S. Flores – February 22, 2023, 7:25 pm from manilastandard.net The Philippines needs a decarbonization and adaptation plan to address the growing impact of climate change, the top executive of First Gen Corp. said Wednesday. “We need […]
February 22, 2023

SMPC to expand capacity of Zamboanga power plant

BY LENIE LECTURA – FEBRUARY 22, 2023 from Business Mirror San Miguel Consolidated Power Corp. (SMPC) is proposing to expand its 28megawatt (MW) gas turbine power plant project by another 28MW for P1.6 billion, bringing the total project cost to […]
February 22, 2023

Alternergy names new independent directors

BY LENIE LECTURA – FEBRUARY 22, 2023 from Business Mirror Alternergy Holdings Corp. (Alternergy) announced Tuesday the appointment of former Trade Secretary Gregory L. Domingo and Maria Theresa Marcial, President and CEO of BPI Wealth-A Trust Corp., as independent directors. […]
February 22, 2023

Hedcor boost support for LGUs, host communities

By Alena Mae S. Flores – February 21, 2023, 6:50 pm from manilastandard.net Hedcor Inc. Aboitiz Power Corp.’s run-of-river hydropower arm, intensified its support to the local government units and host communities in the province of Davao del Sur by […]
February 21, 2023

Malampaya gas delivery resumes after successful maintenance work

By Alena Mae S. Flores – February 20, 2023, 8:55 pm from manilastandard.net The delivery of Malampaya natural gas to major power plants in Batangas province resumed past midnight on Feb. 19, two weeks after the successful maintenance work on […]