Power News

January 24, 2025

First Gen announces tieup with UPLB

By Lenie Lectura – January 23, 2025 from Business Mirror UPLB Chancellor Dr. Jose V. Camacho, Jr. (second from left, seated) and First Gen Vice President Shirley H. Cruz (third from left, seated) signed the MOA establishing the landmark partnership […]
January 24, 2025

NEA facilitates P1.8-b loans for 36 electric cooperatives

By Alena Mae S. Flores – January 23, 2025, 6:50 pm from manilastandard.net State-run National Electrification Administration (NEA) said it facilitated P1.8 billion worth of loans, benefiting 36 electric cooperatives (ECs) in 2024. This is higher than the loans to […]
January 23, 2025

SM malls in NCR to run on 100% clean energy from MPower

By Manila Standard Business – January 22, 2025, 7:05 pm SM Retail Inc. signs a retail electricity supply agreement with MPower, the retail electricity supply arm of Manila Electric Company (Meralco). Signing the agreement are (from left) MPower strategic account […]
January 23, 2025

PSALM extension hurdles Senate

By Butch Fernandez – January 22, 2025 from Business Mirror The Senate approved on third and final reading Senate Bill (SB) 2837, which extends the corporate term of the Power Sector Assets and Liabilities Management Corp. (PSALM). The bill will […]
January 23, 2025

Basic Energy expands RE portfolio with Batangas wind project

By Gabriell Christel Galang – Jan 22, 2025 12:41 PM from Manila Bulletin Basic Energy Corporation (BEC) is advancing its wind power project in Batangas by completing a Wind Resource Assessment (WRA). In a disclosure to the Philippine Stock Exchange […]
January 22, 2025

Meralco gets P 75-B loan to boost LNG venture

By Lisbet K. Esmael – 02:07 AM January 22, 2025 from inquirer.net / Philippine Daily Inquirer Manila Electric Co., the country’s largest private electric distribution utility, will take out P75 billion worth of loans from three major local banks, mainly […]
January 22, 2025

ERC delays rural electrification funding over cost dispute

By Gabriell Christel Galang – Jan 21, 2025 01:06 PM from Manila Bulletin A disagreement over how much the government should pay to electrify remote areas in the country has caused the Energy Regulatory Commission (ERC) to delay funding requests […]
January 21, 2025

Senate passes bill giving PSALM five more years of corporate life

By John Victor D. Ordoñez – January 20, 2025 | 8:07 pm from Business World THE SENATE approved on third and final reading on Monday a bill extending the corporate life of the Power Sector Assets and Liabilities Management Corp. (PSALM) […]
January 21, 2025

CREC eyes P35b for 2025 capex to fund RE projects

By Alena Mae S. Flores – January 20, 2025, 7:25 pm from manilastandard.net Citicore Renewable Energy Corp. (CREC) is looking at capital expenditures exceeding P35 billion this year as it rolls out another 1 gigawatt of renewable energy projects. “We […]
January 20, 2025

833 power firms’ plaints resolved

By Lenie Lectura – January 20, 2025 from Business Mirror THE Energy Regulatory Commission (ERC) revealed last Sunday 833 cases and motions filed by power industry stakeholders were resolved last year. The number included 484 show-cause orders (SCO). In these […]