Power News

May 18, 2022

ACEN partners with Indonesian firm for RE projects

By Myrna M. Velasco – May 17, 2022, 3:10 PM from Manila Bulletin Ayala-led ACEN Corporation has partnered with Indonesian firm Puri Usaha Group for investment in Suryagen Capital Pte. Ltd., which has a business platform in renewable energy (RE) […]
May 18, 2022

First Gen’s recurring income reaches P3b

By Alena Mae S. Flores May 16, 2022, 7:15 pm from manilastandard.net Renewable energy producer First Gen Corp. said Monday recurring net income amounted to P3 billion ($59 million) in the first quarter, a decline of 25 percent from P3.8 […]
May 17, 2022

Meralco to start talks on RE power supply agreement

BY LENIE LECTURA – MAY 16, 2022 from Business Mirror The Manila Electric Co. (Meralco) will proceed to negotiate its 850 megawatt (MW) renewable energy power supply requirement following the failure of the second round of the competitive selection process […]
May 17, 2022

First Gen profit dips in January-March

BY LENIE LECTURA – MAY 16, 2022 from Business Mirror First Gen Corp. posted a lower recurring net income of P3 billion in the first quarter from P3.8 billion a year ago, mainly due to the lower contribution of its […]
May 16, 2022

DOE readies submission of energy transition plan

By Danessa Rivera – May 15, 2022 | 12:00am from The Philippine Star DOE Undersecretary Felix William Fuentebella said the agency is coming up with a comprehensive report and proposals to be turned over to the next administration. MANILA, Philippines […]
May 16, 2022

‘LNG projects of Linseed, FGEN will take off this year’

BY LENIE LECTURA – MAY 16, 2022 from Business Mirror The country’s transition towards cleaner energy is already taking shape, with two capital-intensive gas projects already in ‘aggressive’ stages of development. There are six liquefied natural gas (LNG) projects that […]
May 14, 2022

ACEN to tap add’l P6-B loan

By Myrna M. Velasco – May 13, 2022, 5:04 PM from Manila Bulletin The board of directors of Ayala-led ACEN Corporation has approved the company’s plan to secure an additional P6 billion loan for the programmed projects that will underpin […]
May 14, 2022

ERC, UN body ink ‘energy transition’ partnership

By Myrna M. Velasco – May 13, 2022, 2:28 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has cemented a deal with a United Nations (UN) body that will provide technical assistance to the former on framing regulations for […]
May 13, 2022

DOE plans to bid out 2,000MW RE capacities on June 17

By Myrna M. Velasco – May 12, 2022, 4:04 PM from Manila Bulletin Roughly two weeks before the exit of the Duterte administration, the Department of Energy (DOE) is scheduling on June 17 the first round of bidding of 2,000 […]
May 12, 2022

Meralco: May rates decline as refund order takes effect

BY LENIE LECTURA – MAY 11, 2022 from Business Mirror Electricity rates this month declined by P0.1200 per kWh (kilowatt hour) to P10.0630 per kWh from P10.1830 per kWh last month, mainly due to the implementation of the refund order […]