Power News

July 7, 2022

ACEN to sell green bonds to complete solar projects

BY LENIE LECTURA – JULY 6, 2022 from Business Mirror AC Energy Corp. (ACEN), the Ayala Group’s listed energy platform, is set to offer up to P10 billion in green bonds, proceeds of which will be used to finance the […]
July 7, 2022

PetroGreen gets nod to build solar projects

By Alena Mae S. Flores – July 5, 2022, 7:50 pm from manilastandard.net PetroGreen Energy Corp., the renewable holding unit of publicly-listed PetroEnergy Resources Corp., said Tuesday it secured regulatory approvals for two new utility-scale solar power projects. These projects […]
July 6, 2022

PSALM’s financial obligations hit ₧342.6B at end-June

BY LENIE LECTURA – JULY 5, 2022 from Business Mirror THE financial obligations of the Power Sector Assets and Liabilities Management Corp. (PSALM) at end-June this year stood at P342.6 billion (around $6.185 billion at current exchange rates). In a […]
July 6, 2022

NGCP places Luzon grid on yellow alert

BY LENIE LECTURA – JULY 5, 2022 from Business Mirror The National Grid Corporation of the Philippines (NGCP) has once again placed the Luzon grid on yellow alert as power reserves fell after a number of power plants conked out. […]
July 5, 2022

SC strikes down ERC regulation on power mart

By Rey E. Requejo – July 5, 2022, 12:20 am from manilastandard.net The Supreme Court has nullified the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the Wholesale Electricity Spot Market (WESM) for the supply […]
July 5, 2022

EDC bags Bohol power supply deal

BY LENIE LECTURA – JULY 4, 2022 from Business Mirror File photo shows one of EDC’s 12 integrated geothermal power stations. LOPEZ-led Energy Development Corp. (EDC) said Monday it has won a competitive auction for the power requirements of electric […]
July 5, 2022

PAVI Green aims to deliver RE to more homes

BY LENIE LECTURA – JULY 4, 2022 from Business Mirror PAVI Green Renewable Energy Inc. of the Villar Group is gearing up to contribute to the Philippines’s goal of hitting 35-percent share of renewable energy (RE) capacity in the power […]
July 4, 2022

Weak peso, higher WESM charges to raise Meralco rates this month

By Alena Mae S. Flores – July 3, 2022, 7:00 pm from manilastandard.net Consumers of Manila Electric Co. (Meralco) may have to brace for higher power rates in July due to the peso depreciation and higher charges at the Wholesale […]
July 4, 2022

Shell, NAC unit to develop renewable energy projects

BY LENIE LECTURA – JULY 4, 2022 from Business Mirror Emerging Power Inc. (EPI), the renewable energy (RE) arm of Nickel Asia Corp. (NAC), and Shell Overseas Investments B.V. of Netherlands have teamed up to pursue RE projects in the […]
July 3, 2022

AboitizPower advances RE growth with second solar venture in Pangasinan

By MB Business – July 2, 2022, 8:06 AM AboitizPower Corp. is accelerating its 94-megawatt (MW) solar power project in Cayanga, Bugallon in Pangasinan. Once completed, the Cayanga solar power plant is expected to produce about 147 million kWh of […]