Power News

August 17, 2022

SMC power unit allots P133B for capital projects

BY LENIE LECTURA – AUGUST 16, 2022 from Business Mirror SMC Global Power SMC Global Power Holdings, Corp. (SMCGP) said Tuesday over P133 billion has been authorized for capital projects but the amount has yet to be disbursed. “The outstanding […]
August 17, 2022

Solana Solar, Penelco ink supply deal

BY LENIE LECTURA – AUGUST 16, 2022 from Business Mirror Solana Solar Alpha, Inc. (Solana Solar), a subsidiary of Alternergy Holdings Corp., will supply 10 megawatts (MW) to Peninsula Electric Cooperative Inc. (Penelco). Under the 20-year power supply agreement they […]
August 16, 2022

Solar Philippines eyes private placements

By Jenniffer B. Austria – August 15, 2022, 6:15 pm from manilastandard.net Solar Philippines Nueva Ecija Corporation (SPNEC) is in talks with investors on a possible equity sale through private placements. SPNEC said in a disclosure to the stock exchange […]
August 16, 2022

Alsons earnings fall by 20% in January-June

BY LENIE LECTURA – AUGUST 15, 2022 from Business Mirror Alcantara-led Alsons Consolidated Resources Inc. (ACR) recorded a 20-percent drop in earnings to P689 million in the first half from the P871 million recorded in the same period a year […]
August 16, 2022

Norway says RE investment to hinge on PHL openness to foreign equity

By Alyssa Nicole O. Tan – August 14, 2022 | 7:29 pm from Business World NORWAY’s ambassador said the Philippines is a potential destination for Norwegian businesses, but their interest in renewable projects here will depend on the industry’s openness […]
August 15, 2022

DOE eyes 100% foreign RE ownership to spur manufacturing investments

By Myrna M. Velasco – August 14, 2022, 8:00 PM from Manila Bulletin The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar […]
August 13, 2022

First Gen income down 13% in H1

By Myrna M. Velasco – August 12, 2022, 4:33 PM from Manila Bulletin Owing to disrupted fuel supply in its gas-fired power plants due to the depleting state of the Malampaya gas field, the recurring net income of First Gen […]
August 13, 2022

WESM rates up for 2nd straight month in July

By Richmond Mercurio – August 12, 2022 | 12:00am from The Philippine Star MANILA, Philippines — Low supply levels despite decreased demand drove average electricity spot market prices to their second consecutive month of increase in July. In a virtual […]
August 12, 2022

Energy efficiency industry seeks bigger role in DoE decarbonizaton, energy security plans

By Ashley Erika O. Jose – August 10, 2022 | 8:15 pm from Business World THE energy efficiency industry said it is seeking to carve out an explicit role for itself in the Department of Energy’s (DoE’s) plans to achieve […]
August 12, 2022

DoE backs full foreign ownership of renewable energy projects

By Alyssa Nicole O. Tan – August 10, 2022 | 8:26 pm from Business World THE DEPARTMENT of Energy (DoE) said on Wednesday that it supports 100% foreign ownership of renewable energy projects to facilitate the Philippines’ shift to indigenous […]