Power News

February 3, 2023

Aboitiz, Yuchengco units seal RE deal

BY LENIE LECTURA – FEBRUARY 3, 2023 from Business Mirror SN Aboitiz Power Group (SNAP) said Thursday it will source a total of 47.5 megawatts (MW) of renewable energy (RE) from two Yuchengco-led RE producers to service the growing customers […]
February 3, 2023

ACEN takes full ownership of Australian joint venture

BY LENIE LECTURA – FEBRUARY 3, 2023 From Business Mirror ACEN Renewables International (ACRI), a subsidiary of Ayala-led ACEN Corp., took full control of UPC Renewables Asia Pacific Holdings (UPCAPH) after completing the second and final tranche of the acquisition. […]
February 3, 2023

NEA eyeing P29 B for electrification projects

By Myrna M. Velasco – February 2, 2023, 3:36 PM from Manila Bulletin The National Electrification Administration (NEA) will be knocking on the doors of the Executive Branch and Congress to secure up to P29.542 billion budget to bankroll the […]
February 3, 2023

ERC allows retail customers to switch power suppliers

By Myrna M. Velasco – February 2, 2023, 4:52 PM from Manila Bulletin In upholding greater public interest and to spare consumers from unwarranted power service interruptions, the Energy Regulatory Commission (ERC) has issued amended rules allowing big-ticket customers to […]
February 2, 2023

Meralco: Power supply deal with SPPC still suspended

BY LENIE LECTURA – FEBRUARY 2, 2023 from Business Mirror The Manila Electric Co. (Meralco) said on Wednesday its 670MW power supply agreement (PSA) with South Premiere Power Corp. (SPPC) remains suspended until the Court of Appeals (CA) issues a […]
February 2, 2023

NPC wants to recover fuel cost

BY LENIE LECTURA – FEBRUARY 2, 2023 From Business Mirror The National Power Corp. (NPC) is seeking to recover over P1 billion in fuel cost it incurred in 2020. In a filing with the Energy Regulatory Commission (ERC), the state […]
February 1, 2023

PSALM: 14 bidders keen on CHEPP

BY LENIE LECTURA – FEBRUARY 1, 2023 from Business Mirror Fourteen prospective bidders have signified their intent to participate in the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP), the Power Sector Assets and Liabilities Management Corp. (PSALM) said […]
February 1, 2023

SMC unit, Meralco to renegotiate PSA

BY LENIE LECTURA – FEBRUARY 1, 2023 from Business Mirror South Premiere Power Corp. (SPPC) and the Manila Electric Co. (Meralco) will proceed to re-negotiate their power supply agreement (PSA) after the 13th Division of the Court of Appeals (CA) […]
February 1, 2023

First Gen supplies clean power to Japanese firm

By Alena Mae S. Flores – January 31, 2023, 7:35 pm from manilastandard.net First Gen Corp. said Tuesday it is supplying Japanese waste management and recycling company GUUN Co. Ltd. with renewable energy to help achieve its 42-percent target carbon […]
February 1, 2023

DOE eyeing FDI influx for RE projects

By Myrna M. Velasco – January 31, 2023, 4:29 PM from Manila Bulletin The Philippine government, through the intensifying capital-enticements being pursued by the Department of Energy (DOE), sees an influx of foreign direct investments (FDIs) in the country’s flourishing […]