Power News

November 8, 2022

SMC Global Power accepts $123.9-million tender offers for securities

By Alena Mae S. Flores – November 7, 2022, 7:55 pm from manilastandard.net San Miguel Corp. said Monday power unit SMC Global Power Holdings Corp. accepted all valid tender offers of securities from security holders representing a total of $123.934 […]
November 8, 2022

NPC seeks support of Congress to sustain operations of 278 power plants

By Alena Mae S. Flores November 7, 2022, 7:40 pm from manilastandard.net State-owned National Power Corp. is seeking the support of Congress to augment its 2023 budget to ensure it can sustain the operations of 278 power plants under the […]
November 8, 2022

Marginalized households to continue enjoying subsidized power rates

By Alena Mae S. Flores November 7, 2022, 7:30 pm from manilastandard.net The government’s lifeline subsidy program provided an average monthly subsidy of P541 million to almost six million marginalized electricity end-users nationwide in the first semester, the Energy Regulatory […]
November 8, 2022

PetroGreen, Danish firm tie up for offshore wind projects

By Myrna M. Velasco – November 7, 2022, 2:38 PM from Manila Bulletin Yuchengco-led PetroGreen Energy Corp. (PGEC) and Danish firm Copenhagen Energy have cemented investment partnership for the development of offshore wind projects in Luzon as well as Panay […]
November 7, 2022

Meralco to implement rate hike from plant outages

By Myrna M. Velasco – November 6, 2022, 9:45 PM from Manila Bulletin Rate hikes induced by simultaneous outages of power plants in 2013 will soon be reflected in the electric bills of customers of Manila Electric Company (Meralco), in […]
November 7, 2022

MGen wants Atimonan to secure Meralco deal

By Alena Mae S. Flores – November 6, 2022, 6:05 pm from manilastandard.net Meralco PowerGen Corp. expressed hope that its planned 1,200-megawatt ultra-supercritical power plant in Quezon province would secure a contract with parent company Manila Electric Co. Atimonan One […]
November 5, 2022

NGCP energizes P3.6-B Pagbilao substation project

By Myrna M. Velasco – November 4, 2022, 2:44 PM from Manila Bulletin Transmission firm National Grid Corporation of the Philippines (NGCP) has already energized the P3.6-billion extra high voltage (EHV) Pagbilao substation, which will help wheel electricity from the […]
November 4, 2022

Exeter, Alternergy team up for Ifugao hydropower project

BY LENIE LECTURA – NOVEMBER 4, 2022 from Business Mirror Exeter Portofino Holdings, the holding company of civil society leader Sara Soliven-de Guzman, has partnered with Alternergy Holdings Corp. for its run-of-river hydropower project in Ifugao. The Lamut-Asipulo hydropower project […]
November 4, 2022

Show cause orders issued to NGCP, units of SMCGP

BY LENIE LECTURA – NOVEMBER 4, 2022 from Business Mirror The Energy Regulatory Commission (ERC) issued show cause orders to the National Grid Corporation of the Philippines (NGCP) and the units under SMC Global Power Holdings Corp. (SMCGP) for allegedly […]
November 4, 2022

Meralco recalibrates plan on hyperscalers’ RE preference

By Myrna M. Velasco – November 3, 2022, 12:18 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) will recalibrate its supply portfolio buildup to consider the preference of hyperscale data centers for renewable energy (RE) to power […]