Power News

November 3, 2022

Semirara profit hits record on high coal, power prices

BY LENIE LECTURA – NOVEMBER 3, 2022 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) reported a new profit record, as its consolidated net income in nine months surged 250 percent to P36 billion from P10.3 billion. The […]
November 3, 2022

Industry experts of SPEX join Prime Infra companies

BY LENIE LECTURA – NOVEMBER 3, 2022 from Business Mirror Prime Infrastructure Capital Inc. (Prime Infra) has put in place a team of commercial, change management and upstream industry experts to facilitate the seamless transition of the asset operations from […]
November 3, 2022

Aboitiz Power’s 9-month income up 24% to P19.6 B

By Myrna M. Velasco – November 2, 2022, 3:12 PM from Manila Bulletin The consolidated net income of listed firm Aboitiz Power Corporation in the nine-month stretch this year climbed by 24-percent to P19.5 billion from P15.7 billion on a […]
November 2, 2022

Meralco to energize more substations

BY LENIE LECTURA – NOVEMBER 2, 2022 from Business Mirror The Manila Electric Co. (Meralco) will energize more substations this year in a bid to build a more resilient network. Meralco Senior Vice President Ronnie Aperocho said the utility firm […]
November 2, 2022

Shell, Prime Infra wrap up Malampaya gas field deal

BY LENIE LECTURA – NOVEMBER 2, 2022 from Business Mirror Shell Petroleum N.V. (Shell Petroleum) has completed the sale of its entire shareholding in Shell Philippines Exploration B.V (SPEX) to Malampaya Energy XP Pte Ltd (MEXP), a subsidiary of Prime […]
November 2, 2022

ECs incur P7.4-M loss, says NEA

BY LENIE LECTURA – NOVEMBER 1, 2022 from Business Mirror The National Electrification Administration (NEA) said Monday the initial cost of damages incurred by affected electric cooperatives (ECs) due to Typhoon “Paeng” has reached P7.4 million. The agency said 96 […]
November 1, 2022

Denied SMC-Meralco rate hike: End of an era for fixed-price PSAs?

By Myrna M. Velasco – November 1, 2022, 1:11 PM from Manila Bulletin Cheers and jeers had greeted the decision of the Energy Regulatory Commission (ERC) on the junked petition of the Manila Electric Company (Meralco) and the subsidiaries of […]
November 1, 2022

NGCP completes restoration of storm Paeng’s affected transmission facilities

By Myrna M. Velasco – November 1, 2022, 3:22 PM from Manila Bulletin Transmission firm National Grid Corporation of the Philippines (NGCP) has completed electricity service restoration work on more than 60 transmission lines that had been pummeled by the […]
November 1, 2022

Aboitiz Power may bid for Meralco Supply

By Bernie Cahiles-Magkilat – November 1, 2022, 2:47 PM from Manila Bulletin Aboitiz Power Corp., one of the country’s leading power producers, may participate if the planned bidding for Meralco’s supply power requirement will push through stating it has excess […]
October 31, 2022

Meralco prepares for 2023 demand

BY LENIE LECTURA – OCTOBER 31, 2022 from Business Mirror THE Manila Electric Co. (Meralco) will undertake competitive auctions for 480 megawatts (MW) of additional capacity needed for the dry months. Jose Ronald V. Valles, Meralco First Vice President and […]