Power News

March 12, 2022

Semirara to boost 2022 capex to P8.8 billion

By Alena Mae S. Flores – March 11, 2022, 7:45 pm from manilastandard.net Semirara Mining and Power Corp. plans to increase its capital expenditures to P8.8 billion this year from P3.9 billion in 2021. SMPC said in a report to […]
March 12, 2022

PH-US nuclear cooperation deal signed

By Myrna M. Velasco – March 11, 2022, 5:02 PM from Manila Bulletin The United States government has formally inked a memorandum of understanding (MOU) with the Philippine Department of Energy (DOE) that will strengthen “strategic civil nuclear cooperation” between […]
March 12, 2022

ACEN to tap P23-B loan facilities for project expansions

By Myrna M. Velasco – March 11, 2022, 4:08 PM from Manila Bulletin To prop funding for its robust investment pipeline, Ayala-led ACEN Corporation will be tapping P30.5 billion in additional loans. As disclosed to the Philippine Stock Exchange (PSE), […]
March 12, 2022

CREIT expects P1.17-b distributable income

By Alena Mae S. Flores – March 10, 2022, 6:35 pm from manilastandard.net Citicore Energy REIT Corp., the country’s first energy real estate investment trust, said Monday distributable income is expected to reach P1.166 billion this year, with full-year dividend […]
March 11, 2022

Meralco rates up in March on higher generation cost

BY LENIE LECTURA – MARCH 10, 2022 from Business Mirror Electricity rates this month will go up slightly by P0.0625 to P9.6467 per kilowatt hour (kWh) from last month’s P9.5842 per kWh mainly due to higher generation charge recorded in […]
March 11, 2022

Energy dep’t floats possible suspension of Biofuels Law

By Marielle C. Lucenio – March 8, 2022 | 8:08 pm from Business World REUTERS THE government could suspend the Biofuels Law to cushion the public from soaring fuel prices, the Energy department said, following proposals made to the Cabinet […]
March 10, 2022

Meralco: Higher power bill in March due to generation charge

BY LENIE LECTURA – MARCH 9, 2022 from Business Mirror Power lines run beside a sign for the Manila Electric Co. (Meralco) Makati branch in Manila, the Philippines, on Monday, March 23, 2009. Manila Electric Co. is the largest Philippine […]
March 10, 2022

ATN Solar plans to go public

BY LENIE LECTURA – MARCH 9, 2022 from Business Mirror ATN Philippines Solar Energy Group, Inc. (ATN Solar), the energy arm of publicly listed ATN Holdings, Inc., has sought board approval for the conduct of an initial public offering (IPO). […]
March 10, 2022

ACEN sets P55.5-B capex for project expansions; income up 22% to P5.2-B

By Myrna M. Velasco – March 9, 2022, 2:35 PM from Manila Bulletin Having logged consolidated net income growth hitting P5.3 billion last year, Ayala-led energy firm ACEN Corporation will also be on its massive-scale capital spending to the tune […]
March 9, 2022

DOE seeks EO to suspend coal import duty

By Myrna M. Velasco – March 8, 2022, 4:14 PM from Manila Bulletin The Department of Energy (DOE) is batting for the issuance of an Executive Order (EO) by President Rodrigo Duterte to suspend the 7.0 percent import duty on […]