Power News

March 4, 2022

Duterte wants nuclear power to replace coal plants

By Myrna M. Velasco – March 3, 2022, 3:16 PM from Manila Bulletin Newly-issued Executive Order 164 of President Rodrigo Duterte has stipulated that the country’s need for baseload electricity supply shall be plugged by nuclear power facilities, which will […]
March 3, 2022

Nuclear policy expected to be issued soon, Energy dep’t says

By Marielle C. Lucenio – March 2, 2022 | 8:28 pm from Business World REUTERS THE Department of Energy (DoE) said on Wednesday that it expects President Rodrigo R. Duterte to issue an executive order (EO) outlining a policy on […]
March 3, 2022

‘PHL needs other energy sources’

BY LENIE LECTURA – MARCH 2, 2022 from Business Mirror File photo shows one of EDC’s 12 integrated geothermal power stations. The Philippine Electricity Market Corp. (PEMC), the governing body of the Wholesale Electricity Spot Market (WESM), stressed the need […]
March 3, 2022

Basic Energy to jumpstart dev’t of Mabini wind project

By Myrna M. Velasco – March 2, 2022, 4:07 PM from Manila Bulletin Listed firm Basic Energy Corporation (BEC) will jumpstart the development of its proposed 50-megawatt wind farm project in Mabini, Batangas following its board’s approval of initial budget […]
March 2, 2022

Solar firms eye Meralco supply deal

BY LENIE LECTURA – MARCH 1, 2022 from Business Mirror SunAsia Energy Inc. has formed a consortium of solar power developers to challenge Terra Solar’s unsolicited bid to supply 850 megawatts (MW) of mid-merit renewable energy to the Manila Electric […]
March 2, 2022

‘Special settlement’ eyed for VisMin power link-up

By Myrna M. Velasco – March 1, 2022, 3:44 PM from Manila Bulletin A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion […]
March 2, 2022

SMPC profit leaps on coal price rally

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) posted its highest-ever net income last year. It ended 2021 with a net income of P16.2 billion, a 393-percent leap from the previous […]
March 1, 2022

Meralco income jumps 44% on energy demand recovery

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror THE Manila Electric Co. (Meralco) reported robust earnings in 2021 due to higher energy sales volume and contributions from its power generation business. Core profit grew by 13 percent to […]
March 1, 2022

SPNEC approves swap deal with parent firm

BY VG CABUAG – FEBRUARY 28, 2022 from Business Mirror THE board of listed firm Solar Philippines Nueva Ecija Corp. (SPNEC) has approved an asset-for-share swap involving the acquisition of Solar Philippines Power Project Holdings Inc. and 20 other units […]
March 1, 2022

Digos solar plant to boost capacity

BY LENIE LECTURA – FEBRUARY 28, 2022 from Business Mirror THE Digos solar plant of Fort Pilar Energy Inc. (FPEI) is expected to operate at its expanded capacity to 40 megawatts (MW) by the end of the year. “We are […]