Power News

January 12, 2023

‘Expensive’ replacement power hikes Meralco rates

By Myrna M. Velasco – January 10, 2023, 2:03 PM from Manila Bulletin The comparatively expensive replacement power capacities secured from a power plant of the Aboitiz group and hefty purchases from the Wholesale Electricity Spot Market (WESM) had partly […]
January 12, 2023

DOE won’t rule out brownouts this year

By Myrna M. Velasco – January 10, 2023, 3:47 PM from Manila Bulletin The Department of Energy (DOE) is trying to paint a scenario that Luzon grid will still have supply despite forecasts of strained reserves. At the same time, […]
January 11, 2023

Meralco-SPBBC supply deal OK’d

BY LENIE LECTURA – JANUARY 11, 2023 from Business Mirror THE Manila Electric Co. (Meralco) and Solar Philippine Batangas Baseload Corp. (SPBBC) are now cleared to negotiate for their 200-megawatt (MW) power supply agreement (PSA). This after the Meralco Third-Party […]
January 11, 2023

ACEN buys Sungrow shares to build 60-MW solar plant

BY LENIE LECTURA – JANUARY 11, 2023 from Business Mirror ACEN Corp. has acquired shares from Sungrow Power Renewables Corp. (SPRC) worth P114 million that will result in owning a company that is developing a 60-megawatt (MW) solar power plant […]
January 10, 2023

EDC to aid PET bottle-maker in shift to use of renewables

BY LENIE LECTURA – JANUARY 10, 2023 from Business Mirror PET bottles manufacturer McBride Corp., has tapped the Energy Development Corp. (EDC) to supply power to its two facilities in Caloocan. McBride said it would shift to renewable energy for […]
January 10, 2023

ACEN secures AU$277-M loan for Australia projects

BY LENIE LECTURA – JANUARY 10, 2023 from Business Mirror ACEN Corp. has secured a 277-million Australian dollar funding from major international banks to bankroll the renewable projects of its subsidiary, ACEN Australia Pty Ltd. (ACEN Australia). The power arm […]
January 10, 2023

Nine Chinese firms investing $13.76b in PH energy projects

By Alena Mae S. Flores – January 9, 2023, 7:05 pm from manilastandard.net The Department of Energy said Monday nine Chinese companies agreed to invest $13.76 billion in renewable energy, battery energy storage systems and off-grid power supply systems in […]
January 9, 2023

French firm investing ‘huge amount’ in Zamboanga power project

By Alena Mae S. Flores – January 8, 2023, 7:00 pm from manilastandard.net French company Hydrogène de France Energy will start the technical studies for its proposed 45-megawatt power plant in Zamboanga this month, according to the Mindanao Development Authority. […]
January 9, 2023

P60-billion Batangas power plant set to start construction in August

By Alena Mae S. Flores – January 8, 2023, 7:30 pm from manilastandard.net Batangas Clean Energy Inc. plans to start the construction of the P60-billion 1,100-megawatt combined-cycle gas turbine power plant in Batangas province in August this year. BCE, a […]
January 7, 2023

Energy chief asks LGUs to use national wealth tax to reduce electricity costs

By Alena Mae S. Flores – January 6, 2023, 9:25 pm from manilastandard.net The Department of Energy issued an advisory asking local government units to use the national wealth tax generated from energy projects they host to bring down the […]