Power News

October 21, 2022

DOE issues 40 offshore wind service contracts

By Alena Mae S. Flores – October 20, 2022, 8:35 pm from manilastandar.net The Department of Energy said Thursday it issued 40 offshore wind service contracts with a potential capacity of 30,000 megawatts. “We have issued the offshore wind service […]
October 20, 2022

Araneta business group to spend P41B for hydropower plant

BY LENIE LECTURA – OCTOBER 20, 2022 from Business Mirror THE group of businessman Gregorio Ma. Araneta III will invest P41 billion to put up an 800-megawatt (MW) pumped-storage hydropower facility in Laguna. “The proposed project in general is envisioned […]
October 20, 2022

DOE fast-tracks removal of nationality rule for RE projects

By Myrna M. Velasco – October 19, 2022, 1:40 PM from Manila Bulletin The Department of Energy (DOE) is now at the process of fast-tracking efforts on the issuance of a Circular that will lift the nationality requirement for capital […]
October 20, 2022

PNOC-EC to spend over P10 B for exploration ventures

By Myrna M. Velasco – October 19, 2022, 2:07 PM from Manila Bulletin State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has earmarked over P10 billion worth of capital outlay to advance its oil and gas exploration and production (E&P) ventures, […]
October 19, 2022

DOE extends PXP Energy’s petrol service contracts

By Myrna M. Velasco – October 18, 2022, 3:59 PM from Manila Bulletin Following the government’s affirmation of its “force majeure declaration”, the Department of Energy (DOE) said the Pangilinan-led PXP Energy Corporation will be accorded extension on pursuing its […]
October 19, 2022

Teleperformance taps RE from Aboitiz

BY LENIE LECTURA – OCTOBER 19, 2022 from Business Mirror AboitizPower’s solar power plant in San Carlos City, Negros Occidental. Aboitiz Power Corp.’s retail electricity supply company, Advent Energy Inc., will supply renewable energy (RE) to outsourcing firm Teleperformance Philippines […]
October 19, 2022

Power spot prices up in September

BY LENIE LECTURA – OCTOBER 19, 2022 from Business Mirror The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday the average electricity market price in September for Luzon and Visayas was recorded at P9.12 per kilowatt hour (kWh) […]
October 18, 2022

PNOC secures nod of board to proceed with ESB project

BY LENIE LECTURA – OCTOBER 18, 2022 from Business Mirror State-run Philippine National Oil Co. (PNOC) will pursue the rehabilitation of its Energy Supply Base Port (ESB) project, the state firm’s new president and former energy undersecretary said. “The board […]
October 18, 2022

Semirara Mining approves record P14.88b in special cash dividend

By Alena Mae S. Flores – October 17, 2022, 7:15 pm from manilastandard.net Semirara Mining and Power Corp. said Monday its board approved the issuance of special cash dividend amounting to a record P14.88 billion. This is equivalent to P3.50 […]
October 18, 2022

DOE to bid out 21 renewable energy sites

By Alena Mae S. Flores – October 17, 2022, 6:55 pm from manilastandard.net The Department of Energy said Monday it plans to bid out 21 renewable energy sites for private sector development. Energy assistant secretary Mylene Capongcol said the agency […]