Power News

September 7, 2022

DOE allows Philodrill to relinquish SC 6A-Octon

BY LENIE LECTURA – SEPTEMBER 7, 2022 from Business Mirror Listed exploration firm Philodrill Corp. has secured the go-ahead of the Department of Energy (DOE) to surrender Service Contract (SC) 6A-Octon. “The DOE has approved the relinquishment of SC 6A-Octon, […]
September 6, 2022

DMHC, electric coop ink power supply deal

BY LENIE LECTURA – SEPTEMBER 6, 2022 from Business Mirror www.dbp.ph Photo shows the Dupinga Mini Hydro project in Nueva Ecija. Dupinga Mini Hydro Corp. (DMHC) signed a power supply deal with the Nueva Ecija Electric Cooperative II-Area 2 (Neeco […]
September 6, 2022

PSALM eyes third-party consultant on 797-MW Caliraya hydro bidding

By Alena Mae S. Flores September 4, 2022, 6:45 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. plans to tap a third-party consultant for the financial valuation of the 797.92-megawatt Caliraya-Botocan-Kalayaan hydropower plants in Laguna province. PSALM […]
September 6, 2022

NEA wants faster sitio electrification

By Alena Mae S. Flores – September 4, 2022, 6:30 pm from manilastandard.net The National Electrification Administration asked the electric cooperatives to speed up their committed sitio electrification projects. “Based on the status of project implementation reported by the ECs, […]
September 5, 2022

ERC considers rate hike bid of Meralco, SMC power units

BY LENIE LECTURA – SEPTEMBER 5, 2022 from Business Mirror The temporary rate hike petitions that were jointly filed by the Manila Electric Co. (Meralco) and the units of SMC Global Power Holdings Corp. (SMCGP) are now up for deliberation […]
September 5, 2022

Regulation fees bulk of ERC’s high revenue goal

BY LENIE LECTURA – SEPTEMBER 5, 2022 from Business Mirror THE Energy Regulatory Commission (ERC) is projecting revenues to hit P3.429 billion until 2025. The agency told lawmakers last week that this year’s target revenue is set at P970.189 million. […]
September 5, 2022

GenCos want DOE to ensure NGCP compliance to bidding rules

By Myrna M. Velasco – September 4, 2022, 8:30 PM from Manila Bulletin GenCos want DOE to ensure NGCP compliance to bidding rules To end the Filipino consumers’ distress over recurring brownouts and rate spikes, especially during the summer months, […]
September 2, 2022

NGCP sets P66-b operations budget until 2040

By Alena Mae S. Flores – September 1, 2022, 7:10 pm from manilastandard.net Power transmission operator National Grid Corp. of the Philippines set an operations and maintenance budget of P66.64 billion from 2022 to 2040. NGCP said its O&M capital […]
September 2, 2022

ERC pleads for ‘another chance’

By Myrna M. Velasco – September 1, 2022, 3:52 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has pleaded that it shall be given ‘another chance’ before Congress would make good on its threat to push for the abolition […]
September 2, 2022

ACEN’s Arayat-Mexico solar farm enters full operations

By Ashley Erika O. Jose – August 30, 2022 | 7:52 pm from Business World ACEN Corp. said on Tuesday that its joint venture project with Citicore Power, Inc., a 72-megawatt (MW) solar farm in Arayat and Mexico, Pampanga has […]