Power News

August 4, 2022

DOE awards Alternergy offshore wind service contract

By Myrna M. Velasco – August 3, 2022, 3:59 PM from Manila Bulletin Pililla AVPC Corporation (PACO), a subsidiary of Alternergy which was founded by former Energy Secretary Vincent S. Perez, has been awarded with a new renewable energy service […]
August 3, 2022

Aboitiz plants to use fuel from Chevron

BY LENIE LECTURA – AUGUST 2, 2022 from Business Mirror Chevron Philippines Inc. (CPI) will supply diesel fuel to nine power plants of Aboitiz Power Corp. CPI, marketers of the Caltex brand of fuels and lubricants, recently signed a contract […]
August 3, 2022

‘High prices, Ukraine war threaten viability of LNG’

BY LENIE LECTURA – AUGUST 2, 2022 from Business Mirror The viability of the liquefied natural gas (LNG) business in the country is unclear due to the spike in prices and the continued tension between Ukraine and Russia, according to […]
August 3, 2022

Razon firm expands power distribution in Iloilo

By Myrna M. Velasco – August 2, 2022, 2:17 PM from Manila Bulletin Razon-led MORE Electric and Power Corporation will be expanding its power distribution business in Iloilo province, after the proposed amendments to its 25-year power utility franchise had […]
August 2, 2022

Power plants of SMC incur losses on coal price rally

BY LENIE LECTURA – AUGUST 1, 2022 from Business Mirror Two power plants of SMC Global Power Holdings Corp. (SMCGP) have accumulated losses amounting to P15 billion due to skyrocketing global coal prices and unilateral natural gas supply restrictions from […]
August 2, 2022

Malampaya

EYES WIDE OPEN – Iris Gonzales – August 1, 2022 | 12:00am from The Philippine Star If all goes well, ports and casino tycoon Enrique Razon may finally complete his Malampaya deal  this week or soon after. The last remaining […]
August 2, 2022

TransCo submits application for higher FIT-All rate

By Alena Mae S. Flores – July 31, 2022, 7:30 pm from manilastandard.net State-run National Transmission Corp. is seeking an approval from the Energy Regulatory Commission for a higher feed-in tariff allowance of P0.2382 per kilowatt-hour in 2023. This would […]
August 1, 2022

ACEN, Axia Power to put up ₧6.875B storage hub in Rizal

BY LENIE LECTURA – AUGUST 1, 2022 from Business Mirror INGRID Power Holdings Inc. (IPHI), a joint venture between ACEN Corp. and Axia Power Holdings Philippines Corp. (APHPC), proposed to put up a 270 megawatt (MW) “battery energy storage system,” […]
August 1, 2022

Marcos admin to push for EPIRA amendments

By Myrna M. Velasco – July 31, 2022, 8:00 PM from Manila Bulletin With an instruction from President Ferdinand Marcos Jr., the new leadership at the Department of Energy (DOE) will push for amendments in Republic Act 9136 or the […]
July 30, 2022

ACEN inks wind turbine deal with Siemens for P6-B project

By Myrna M. Velasco – July 29, 2022, 3:10 PM from Manila Bulletin Ayala-led ACEN Corporation has inked a deal with European industrial giant Siemens Gamesa Renewable Energy Technology (SGRE) for the procurement of wind turbines to be deployed to […]