Power News

January 25, 2022

‘Electric coops must conduct CSP’

BY LENIE LECTURA – JANUARY 24, 2022 from Business Mirror Electric cooperatives (ECs) must conduct a competitive selection process (CSP) now if their power supply agreements (PSA) are set to expire in a few years, according to the National Electrification […]
January 25, 2022

DOE, ERC urged to be more proactive in monitoring power plant outages

By Myrna M. Velasco – January 24, 2022, 4:30 PM from Manila Bulletin The two key government agencies exercising oversight and regulatory functions over the deregulated power industry are being urged to take “proactive steps” in monitoring, and if possible, […]
January 25, 2022

Citicore subsidiary eyeing ‘high investor interest’ in REIT listing

By Myrna M. Velasco – January 24, 2022, 3:27 PM from Manila Bulletin Citicore Energy REIT Corporation (CREIT), a subsidiary of Citicore Power Inc., is expected to corner ‘strong interest’ on its real estate investment trust (REIT) listing, wich will […]
January 24, 2022

Meralco asks power firms to join auction for 850MW supply

BY LENIE LECTURA – JANUARY 24, 2022 from Business Mirror Power lines run beside a sign of the Manila Electric Co. branch in Manila in this Bloomberg file photo.   The Manila Electric Co. (Meralco) is inviting interested power firms […]
January 24, 2022

NEA monitors higher cooperative rates

By Alena Mae S. Flores – January 23, 2022 from manilastandard.net The National Electrification Administration (NEA) has monitored increased electricity charges from cooperatives in September to the last quarter of 2021 due to high fuel prices. “Based on review of […]
January 24, 2022

VECO restores power to over 80% of customers

By Alena Mae S. Flores – January 21, 2022, 8:05 pm from manilastandard.net Aboitiz Power Corp.’s subsidiary Visayan Electric Co. said Friday it restored electricity supply to more than 80 percent of customers within its franchise area with additional manpower […]
January 22, 2022

DOE directs NGCP to contract ample power reserves

By Myrna M. Velasco – January 21, 2022, 2:27 PM from Manila Bulletin In line with its warning of thin power supply during the summer months, system operator National Grid Corporation of the Philippines (NGCP) is being required by the […]
January 22, 2022

Solar Philippines prepares share swap deal with unit

BY VG CABUAG – JANUARY 20, 2022 from Business Mirror SOLAR Philippines Power Project Holdings Inc. (Solar Philippines), the parent company of listed firm Solar Philippines Nueva Ecija Corp. (SPNEC), said last Thursday it is open for an asset-for-share swap […]
January 21, 2022

ACEN to switch on 2nd wind farm in Vietnam

BY LENIE LECTURA – JANUARY 20, 2022 from Business Mirror AC Energy Corp. (ACEN) said last Thursday it would be able to switch on another wind farm in Vietnam within the first quarter of the year. Of Acen’s six renewable […]
January 21, 2022

ERC to Veco: Probe ‘extortion’ try

BY LENIE LECTURA – JANUARY 20, 2022 from Business Mirror VISAYAN Electric Co. (VECO), the distribution unit of Aboitiz Power Corp., was ordered by the Energy Regulatory Commission (ERC) to probe alleged extortion by its contractors in exchange for speedy […]