Power News

September 28, 2022

ACEN’s retail electricity group gets DOE nod

BY LENIE LECTURA – SEPTEMBER 28, 2022 from Business Mirror ACEN Corp.’s retail electricity supply (ACEN RES) group has been recognized by the Department of Energy (DOE) for complying with the Retail Competition and Open Access (RCOA) program. “In a […]
September 28, 2022

PGEC to build solar farm in Bohol

BY LENIE LECTURA – SEPTEMBER 28, 2022 from Business Mirror PetroGreen Energy Corp. (PGEC), the renewable energy (RE) arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), expects the completion and commercial operation of its planned 27MW solar power project in the […]
September 28, 2022

Napocor clearance to borrow seen facilitating off-grid PPPs

By Ashley Erika O. Jose – September 26, 2022 | 7:44 pm from Business World THE National Power Corp. (Napocor) is authorized to debt-finance its missionary electrification program, including the cost of diesel, which has been rising due to the […]
September 27, 2022

Meralco fast tracks power service restoration

By Myrna M. Velasco – September 26, 2022, 4:05 PM from Manila Bulletin From over 1.2 million customers who suffered power service interruptions at the height of super typhoon Karding’s devastation, power utility giant Manila Electric Company (Meralco) announced that […]
September 27, 2022

NPC can get loans for missionary electrification

BY LENIE LECTURA – SEPTEMBER 27, 2022 from Business Mirror THE National Power Corporation (NPC) has been cleared to borrow funds or contract loans to fulfill its missionary electrification mandate, the Department of Energy (DOE) said Monday. DOE Secretary Raphael […]
September 26, 2022

Meralco expects 6% growth in Q3 energy sales

By Richmond Mercurio – September 26, 2022 | 12:00am from The Philippine Star Meralco linemen examined the electric meter base at a post along Quezon Avenue in Quezon City on Wednesday (September 14, 2022). MANILA, Philippines — The Manila Electric […]
September 26, 2022

Power shortage too?

DEMAND AND SUPPLY By Boo Chanco – September 26, 2022 | 12:00am from The Philippine Star Duterte appointed a politician with no background in the sector as secretary of energy. Six years of neglect is starting to haunt us. Two […]
September 26, 2022

‘Local LNG sector to grapple with high prices, uncertainty’

BY LENIE LECTURA – SEPTEMBER 26, 2022 from Business Mirror   The Institute for Energy Economics and Financial Analysis (IEEFA) has warned that the Philippines risks becoming significantly exposed to the extreme volatility of global liquefied natural gas (LNG) markets. […]
September 24, 2022

CREIT slates P4.5-B ASEAN green bond

By Myrna M. Velasco – September 23, 2022, 3:50 PM from Manila Bulletin The board of directors of Citicore Energy REIT Corporation (CREIT) has approved the company’s plan to issue up to P4.5 billion worth of ASEAN green bond to […]
September 24, 2022

DoE sees facility investment for gas imports topping P69B

By Ashley Erika O. Jose – September 22, 2022 | 8:24 pm from Business World ENERGY.AGPGLOBAL.COM   THE natural gas industry will require investment of P69.23 billion to help navigate the transition from domestically produced to imported gas, the Department […]