Power News

December 15, 2021

DLSL renews power supply deal with EDC

BY LENIE LECTURA – DECEMBER 14, 2021 from Business Mirror Businesses may now choose renewable energy and get them directly from licensed retail electricity suppliers like EDC’s BacMan Geothermal, Inc. De La Salle Lipa (DLSL) has renewed its power supply […]
December 14, 2021

Ayala unit to secure P300-M loan

BY LENIE LECTURA – DECEMBER 13, 2021 from Business Mirror ACE Enexor, Inc., the oil and gas arm of the Ayala Group, will borrow a total of P300 million to partly finance its projects including the planned 1,100 megawatt (MW) […]
December 14, 2021

Prime Infra buys 50% of Tanauan solar farm builder

December 13, 2021 at 09:45 pm by Alena Mae S. Flores from manilastandard.net Prime Infrastructure Holdings Inc., a company led by business tycoone Enrique Razon Jr., said Monday it acquired a 50-percent stake in Solar Philippines Tanauan Corp., which is […]
December 13, 2021

PSALM taps PwC to draw valuation for Casecnan plant’s sale

By Myrna M. Velasco – December 12, 2021, 8:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has engaged multinational consulting firm PricewaterhouseCoopers (PwC) for a third party valuation that will serve as a “pricing […]
December 13, 2021

Renewable companies gear up for DoE’s green energy auction

By Marielle C. Lucenio – December 12, 2021 | 10:24 pm from Business World RENEWABLE Energy companies are weighing their participation in the Green Energy Auction Program (GEAP) after the Department of Energy (DoE) finally launched the rules governing the […]
December 13, 2021

RE projects with 16,000 MW capacity make DoE initial cut

By Marielle C. Lucenio – December 9, 2021 | 9:28 pm from Business World RENEWABLE ENERGY (RE) projects accounted for 55% of the 93 proposals evaluated for grid integration as of November, with only one coal-fired facility obtaining similar clearance, […]
December 11, 2021

Citicore signs up more customers

By Danessa Rivera – December 10, 2021 | 12:00am from The Philippine Star MANILA, Philippines — Citicore Power Inc. (Citicore) has signed up more companies from different industries under its retail electricity business as it expands its market reach through […]
December 11, 2021

SPC Power declares P0.55/share cash dividend

By Myrna M. Velasco – December 10, 2021, 2:21 PM from Manila Bulletin Listed firm SPC Power Corp. will be extending P0.55 per share cash dividend to its outstanding stockholders and this will be payable before the end of the […]
December 10, 2021

DOE to exempt waste-to-energy projects from CSP policy

By Myrna M. Velasco – December 9, 2021, 3:21 PM from Manila Bulletin The Department of Energy (DOE) is instituting a policy that will exempt waste-to-energy (WTE) biomass power projects from the competitive selection process (CSP) requirement in their power […]
December 10, 2021

NEA restrains electric cooperatives’ activities

By Myrna M. Velasco – December 9, 2021, 12:32 PM from Manila Bulletin The National Electrification Administration (NEA) is rigidly restraining the participation of electric cooperatives (ECs) to events or activities that are beyond their mandate, which is to provide […]