Power News

September 2, 2022

2040 capacity target for new-build renewables set at 52,826 megawatts

By Ashley Erika O. Jose – August 29, 2022 | 8:17 pm from Business World Solar panels are being installed on the roof of a mall. — GREEN HEAT HANDOUT PHOTO THE Department of Energy (DoE) said it has set […]
September 1, 2022

Lotilla: Review of Prime Infra Malampaya buy-in ‘on track’

BY LENIE LECTURA – SEPTEMBER 1, 2022 from Business Mirror Raphael P.M. Lotilla THE review of Razon-led Prime Infrastructure Capital Inc.’s (Prime Infra) acquisition of a controlling stake in the Malampaya consortium is “on track,” and an early resolution on […]
September 1, 2022

PH Renewables secures bank loan for solar project

BY LENIE LECTURA – SEPTEMBER 1, 2022 from Business Mirror PH Renewables Inc. (PHRI), a joint venture between MGen Renewable Energy Inc. (MGreen) and Mitsui & Co. subsidiary Mit-Renewables Philippine Corp. (Mit-Renewables), secured a P2.65-billion bank loan to fund the […]
September 1, 2022

DOE taps experts for industry review

BY LENIE LECTURA – SEPTEMBER 1, 2022 from Business Mirror The Department of Energy (DOE) has tapped experts from the energy sector to assist the agency in reviewing pending issues in the oil and gas industry. Energy Secretary Raphael Lotilla […]
August 31, 2022

‘Closing Meralco PSAs with SMC power units to give consumers a huge burden’

BY LENIE LECTURA – AUGUST 31, 2022 from Business Mirror Patrick Roque/Wikimedia Commons Commons   Meralco Building in Ortigas Avenue in Pasig City THE Manila Electric Company (Meralco) warned on Tuesday that consumers would have to shoulder billions of pesos […]
August 31, 2022

Aboitiz unit announces early redemption of retail bonds

BY LENIE LECTURA – AUGUST 31, 2022 from Business Mirror Aboitiz Power Corp. on Tuesday said it intends to exercise the early redemption of its P7.7-billion fixed-rate retail bonds ahead of the January 2024 maturity date. In a disclosure to […]
August 30, 2022

DOE clears 4 firms for grid impact study

By Alena Mae S. Flores August 29, 2022, 7:35 pm from manilastandard.net The Department of Energy issued clearances to four companies planning to put up power plants a combined generating capacity of 1,758.7 megawatts to conduct a grid impact study. […]
August 30, 2022

Additional subsidy in remote areas to hike power rates

By Alena Mae S. Flores August 28, 2022, 7:25 pm from manilastandard.net Consumers will experience slightly higher power rates with the Energy Regulatory Commission’s issuance of a resolution that allows the collection of subsidy to cover the budget shortfall in […]
August 30, 2022

Climargy partners with UN fund for energy efficiency projects

By Myrna M. Velasco – August 29, 2022, 3:00 PM from Manila Bulletin Filipino-led Climargy Inc. has sealed a partnership with the United Nations Office for Project Services (UNOPS) on its pursuit of energy efficiency projects – and that will […]
August 30, 2022

PNOC’s ‘banked gas’ committed to FGen plants

By Myrna M. Velasco – August 29, 2022, 2:07 PM from Manila Bulletin At least 35 terajoules (TJ) of the “banked gas” had been committed this full year for the utilization of the 97-megawatt Avion and 414MW San Gabriel gas-fired […]