Power News

June 10, 2022

PSALM hits Lasureco TRO

BY LENIE LECTURA – JUNE 9, 2022 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) said on Wednesday that a court decision that prohibited it from disconnecting an electric cooperative (EC) with unpaid dues amounting to […]
June 9, 2022

SGP added to MSCI World Small Cap Index

BY LENIE LECTURA – JUNE 8, 2022 from Business Mirror www.ngcp.ph Synergy Grid and Development Philippines Inc. (SGP), the indirect controlling shareholder of the National Grid Corporation of the Philippines (NGCP), has been included in the MSCI World Small Cap […]
June 9, 2022

Prime Infra unit to put up solar power facility, BESS

BY LENIE LECTURA – JUNE 8, 2022 from Business Mirror Prime Infrastructure Holdings, Inc. (Prime Infra), led by businessman Enrique K. Razon, Jr., said on Wednesday its power unit is building a massive solar power facility and a battery energy […]
June 8, 2022

Hike in Meralco rates this June looms

By Myrna M. Velasco – June 7, 2022, 2:30 PM from Manila Bulletin Filipino consumers will need to tighten their belts further, as the next burden in their budgets could be uptick in electric bills, primarily those under the Meralco […]
June 8, 2022

Kepco turns to dollar green bond

BY BLOOMBERG NEWS – JUNE 7, 2022     Korea Electric Power Corp. (Kepco) is looking to raise even more funds in the face of ballooning losses due to surging fuel costs. The monopoly power distributor in South Korea is […]
June 7, 2022

AC Energy, unit cancel share swap deal amid uncertainty

BY LENIE LECTURA – JUNE 6, 2022 from Business Mirror Citing unfavorable market conditions, AC Energy Corp. (ACEN) said it has cancelled the property-for-share swap deal with its oil and gas exploration unit, ACE Enexor (ENEX). “The respective Boards of […]
June 7, 2022

Cebu-Bohol power link gets ERC nod

BY LENIE LECTURA – JUNE 6, 2022 from Business Mirror The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) Cebu-Bohol 230 kilovolt (kV) interconnection project worth over P19 billion. The transmission project is meant […]
June 6, 2022

Solon sees no hurdle in Razon’s takeover of Malampaya project

BY JOVEE MARIE DE LA CRUZ – JUNE 6, 2022 from Business Mirror BusinessMirror file photo The chairman of the House Committee on Strategic Intelligence on Sunday said he sees no hurdle to Philippine ports and gaming tycoon Enrique Razon […]
June 6, 2022

First Philec, Meralco eye decarbonization schemes

BY LENIE LECTURA – JUNE 6, 2022 from Business Mirror First Philec Inc. of the Lopez Group and Pangilinan-led Manila Electric Co. (Meralco) are closely working together on next-generation solutions to help decarbonize the local power industry. During the First […]
June 6, 2022

ERC to study ‘massive’ energy usage of data centers

By Myrna M. Velasco – June 5, 2022, 8:30 PM from Manila Bulletin The Energy Regulatory Commission (ERC) will be carrying out a comprehensive study to examine the impact of massive energy use of data centers where foreign investments in […]