Power News

March 8, 2022

Meralco moves supply bid deadline

BY LENIE LECTURA – MARCH 7, 2022 from Business World The Manila Electric Co. (Meralco) has moved the deadline for the submission of counter offers for the supply of 850 megawatts (MW) of mid-merit renewable energy that the utility firm […]
March 8, 2022

Aboitiz Power income soars 66% to P20.8 B in 2021

By Myrna M. Velasco – March 7, 2022, 3:35 PM from Manila Bulletin The net income of Aboitiz Power Corporation had soared 66-percent to P20.8 billion last year from P12.6 billion in 2020 on capacity addition of 668 megawatts from […]
March 8, 2022

SPNEC shareholders approve P60-B stock swap

By James A. Loyola – March 7, 2022, 3:41 PM from Manila Bulletin Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project […]
March 8, 2022

Duterte nuclear shift seen as admission of failure to achieve energy security

By Marielle C. Lucenio – March 6, 2022 | 7:02 pm from Business World THE government’s decision to incorporate nuclear power into the energy mix points to the government’s failure to achieve energy security via building coal-fired plants and other […]
March 7, 2022

PNOC to tap private sector for energy projects–exec

BY LENIE LECTURA – MARCH 7, 2022 from Business Mirror The newly-elected president of the Philippine National Oil Co. (PNOC) vowed to tap the private sector and other public entities as its corporate development partners in pursuing various projects in […]
March 7, 2022

Electric bills next in line to shoot up

By Alena Mae S. Flores March 7, 2022, 12:50 am from manilastandard.net Meralco, other power producers advise higher rates loom as oil, coal costs soar Consumers will have to brace for high electricity bills amid soaring prices in the world […]
March 7, 2022

DOE: PH ‘nuclear power cooperation’ with Russia to stay

By Myrna M. Velasco – March 6, 2022, 8:00 PM from Manila Bulletin Despite the war hostilities raging between Russia and Ukraine, the Department of Energy (DOE) has declared that the Philippines “nuclear power deal” with Russia’s Rosatom State Atomic […]
March 5, 2022

Meralco obtains nod on 180-MW auction

By Alena Mae S. Flores – March 4, 2022, 8:05 pm from manilastandard.net The Department of Energy approved the request of power retailer Manila Electric Co. to hold another bidding on the contract to supply 180 megawatts of baseload capacity. […]
March 5, 2022

Alsons corners rating upgrade for P3-B CP issuance

By Myrna M. Velasco – March 4, 2022, 4:22 PM from Manila Bulletin Alcantara-led Alsons Consolidated Resources Inc. (ACR) cornered a credit rating upgrade by Philippine Rating Services Corporation (PhilRatings) for its P3.0 billion commercial papers (CP) issuance. The credit […]
March 4, 2022

Meralco sees power sales growing by 6% this year

BY LENIE LECTURA – MARCH 3, 2022 from Business Mirror THE Manila Electric Co. (Meralco) is expecting to register over a 6-percent increase in electricity sales volume this year as restrictions eased under Alert Level 1. “Six percent is achievable […]