Power News

October 31, 2022

PAVI power firms to deliver 21.27MW to 60,000 homes

BY LENIE LECTURA – OCTOBER 31, 2022 from Business Mirror PRIME Asset Ventures Inc. (PAVI), through their constituent power companies S.I. Power Corp. (Sipcor) and Camotes Island Power Generation Corp. (Campcor), is expected to deliver soon 21.27 megawatts (MW) to […]
October 29, 2022

ERC offers solutions to help Batangas power consumers

By Alena Mae S. Flores – October 28, 2022, 7:21 pm from manilastandard.net The Energy Regulatory Commission on Friday proposed several solutions to help Batangas I Electric Cooperative, Inc. and its customers cope with rising electricity prices. The regulator said […]
October 29, 2022

ACEN’s Australian unit secures $75-m assistance

By Alena Mae S. Flores October 28, 2022, 7:35 pm from manilastandard.net ACEN Corp. said Friday Clean Energy Finance Corp. agreed to provide a $75-million loan to ACEN Australia for the development of an 8-gigawatt clean energy portfolio that includes […]
October 29, 2022

Meralco core income up 9% to P19.6-B

By Myrna M. Velasco – October 28, 2022, 3:42 PM from Manila Bulletin Buoyed by the strong financial outcome of its Pacific Light gas-fired power venture in Singapore and the uptick in energy sales, the consolidated core net income of […]
October 29, 2022

Overhaul in PNOC’s business mandate pushed

By Myrna M. Velasco – October 28, 2022, 1:19 PM from Manila Bulletin A legislative proposal has been lodged in the Senate for the overhaul of the investment mandate of state-run Philippine National Oil Company (PNOC) to focus more on […]
October 28, 2022

Meralco to supply RE power to firm

BY LENIE LECTURA – OCTOBER 28, 2022 from Business Mirror THE Manila Electric Co. (Meralco) signed a 20-year Power Supply Agreement (PSA) with Terra Solar Philippines, a unit of Prime Infra-led Terra Renewables Holdings, Inc., for the supply of 850 […]
October 28, 2022

Two binary plants to supply 46MW power in 2023–DOE

BY LENIE LECTURA – OCTOBER 28, 2022 from Business Mirror THE additional geothermal power capacity that will come online starting next year will help the country achieve its renewable energy (RE) target, the Department of Energy (DOE) said Thursday. DOE […]
October 28, 2022

LGU lifts closure order on NGCP’s substation project in Pampanga

By Myrna M. Velasco – October 27, 2022, 3:29 PM from Manila Bulletin The local government unit (LGU) of San Simon, Pampanga has lifted the closure order it earlier issued which temporarily halted the construction of the 230-kilovolt (kV) substation […]
October 27, 2022

Kyuden investment in PGEC done

BY LENIE LECTURA – OCTOBER 27, 2022 from Business Mirror JAPAN’S Kyuden International Corp. (KIC) has completed its initial investment in PetroGreen Energy Corp. (PGEC). Following the signing of the shareholders’ agreement for the acquisition of 25-percent interest in PGEC, […]
October 27, 2022

PXP Energy cuts losses to P14.7M

BY LENIE LECTURA – OCTOBER 27, 2022 from Business Mirror PXP Energy Corp. announced it has cut its net loss to P14.7 million at end-September this year from P20.2 million in the same period a year ago, mainly due to […]