Power News

June 22, 2022

ERC trims unresolved PSA applications

By Myrna M. Velasco – June 19, 2022, 8:30 PM from Manila Bulletin From thousands of unresolved applications for power supply agreements (PSA) prior to the onset of the Covid-19 pandemic, the Energy Regulatory Commission (ERC) indicated that the remaining […]
June 22, 2022

Vivant improves retail market performance

By Myrna M. Velasco – June 19, 2022, 8:00 PM from Manila Bulletin COREnergy, which is the power retailing arm of listed firm Vivant Corporation, is targeting to sustain upturn in capacity sales to contestable customers next year and for […]
June 21, 2022

Solar PHL in talks with buyers

BY LENIE LECTURA – JUNE 20, 2022 from Business Mirror Photo shows Solar Philippines’ 150MW solar farm in Concepcion, Tarlac. Solar Philippines is in discussions with potential buyers of up to 10 gigawatts (GW), or 10,000 megawatts, of solar power […]
June 21, 2022

DOE: 24 bidders join green energy auction

BY LENIE LECTURA – JUNE 20, 2022 from Business Mirror Twenty-four bidders participated in the country’s first green energy auction held last week. The Department of Energy (DOE), through the Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC), conducted […]
June 20, 2022

DOE declares green energy auction of 2,000 MW a success

By Alena Mae S. Flores – June 19, 2022, 7:00 pm from manilastandard.net The Green Energy Auction Program involving the auction of 2,000 megawatts of renewable energy was a success, Energy Secretary Alfonso Cusi said over the weekend. Cusi said […]
June 20, 2022

NGCP seeks provisional authority to start CCIP

BY LENIE LECTURA – JUNE 20, 2022 from Business Mirror BusinessMirror file photo The National Grid Corporation of the Philippines (NGCP) is seeking provisional authority to implement its Camarines Sur-Catanduanes Interconnection Project (CCIP) so that consumers would have access to […]
June 20, 2022

DOF: No double taxation in power rates

By Chino S. Leyco – June 16, 2022, 2:24 PM from Manila Bulletin The Department of Finance (DOF) has clarified that there is no double taxation in the imposition of value-added tax (VAT) in the electric power sector. Reacting to […]
June 17, 2022

Vivant allots bulk of capex for wind, solar projects

BY LENIE LECTURA – JUNE 16, 2022 from Business Mirror Cebu-based publicly listed company Vivant Corp. expects to spend P30 billion for capital expenditure (capex) projects until 2027, the bulk of which would be set aside to achieve its target […]
June 17, 2022

FGEN: Gas project encounters delays

BY LENIE LECTURA – JUNE 16, 2022 from Business Mirror FGEN LNG Corp. (FGEN LNG), a subsidiary of First Gen Corp., is moving the target completion of its liquefied natural gas (LNG) project after it encountered delays. The company has […]
June 16, 2022

Amber Kinetics doubles ‘flywheel energy storage’ production end-2022

By Myrna M. Velasco – June 15, 2022, 3:54 PM from Manila Bulletin With anticipated robust uptake from renewable energy (RE) developers, US-headquartered Amber Kinetics will double its production of kinetic energy storage systems (KESS) or “flywheels” by the end […]