Power News

December 23, 2021

Solar PHL unit aims to expand capacity

BY VG CABUAG – DECEMBER 23, 2021 from Business Mirror Solar Philippines Nueva Ecija Corp. (SPNEC) on Wednesday said it is in talks for a possible joint venture to acquire some 1,000 hectares of land to increase its capacity to […]
December 23, 2021

AC Energy to sell Iloilo power barge

BY LENIE LECTURA – DECEMBER 23, 2021 from Business Mirror AC ENERGY Corp. (ACEN) is selling a power barge to MORE Power Barge Inc. In a disclosure to the stock exchange, ACEN said it signed on Wednesday the Asset Purchase […]
December 22, 2021

EU to bare list of ‘green’ energy

By Agence France-Presse – December 22, 2021 from The Manila Times BRUSSELS: The energy ministers of the European Union member states met in Luxembourg to exchange views on the increase in energy prices and discuss possible mitigating measures at national and EU level. Following a […]
December 22, 2021

China builds fusion energy research facility

By Xinhua News Agency – December 22, 2021 from The Manila Times HEFEI: China is building a research facility to incubate core technologies used in power generation of fusion energy that powers the sun. The facility in the pipeline, called “Comprehensive Research […]
December 22, 2021

Average power spot market price climbs by 22%–IEMOP

BY LENIE LECTURA – DECEMBER 22, 2021 from Business Mirror The average spot price of electricity on the Wholesale Electricity Spot Market (WESM) as of December 18 went up to P6.32 per kilowatt hour (kWh) from November’s P5.17 per kWh. […]
December 22, 2021

Year-end power restoration in hard-hit areas a ‘challenge’

BY LENIE LECTURA – DECEMBER 22, 2021 from Business Mirror POWER restoration in Bohol, Siargao, Dinagat, and Surigao del Norte could take a little longer for severely-affected areas hit by Typhoon Odette. The Department of Energy (DOE) said Tuesday it […]
December 21, 2021

JERA official appointed director of AboitizPower

By Danessa Rivera – December 21, 2021 | 12:00am from The Philippine Star MANILA, Philippines — Aboitiz Power Corp. has named an official of JERA Co. Inc. as director, days after the Aboitiz Group completed the sale of a 27 […]
December 21, 2021

NGCP energizes 3 provinces in Visayas

BY LENIE LECTURA – DECEMBER 20, 2021 from Business Mirror The National Grid Corporation of the Philippines (NGCP) has energized on Monday the provinces of Samar, Cebu, and Leyte, following the implementation of its alternative power restoration scheme after the […]
December 20, 2021

Energy firms race to restore power in typhoon-hit areas

BY LENIE LECTURA – DECEMBER 20, 2021 from Business Mirror Power industry stakeholders said Sunday power could be fully restored in areas struck by Typhoon Odette (international code name Rai) before Christmas. During a briefing, Department of Energy’s (DOE) Electric […]
December 20, 2021

PSALM gets huge tax cuts in new EO

By Myrna M. Velasco – December 19, 2021, 9:30 PM from Manila Bulletin The newly issued Executive Order No. 157 will significantly reduce the real property tax (RPT) obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for […]