Power News

December 10, 2021

Meralco: Dec rates to rise on higher generation cost

BY BUSINESSMIRROR – DECEMBER 6, 2021 Electricity rates this month could go up due to higher generation charge, the Manila Electric Co. (Meralco) said over the weekend. Power firms that supply Meralco’s requirement have yet to send their final billings […]
December 9, 2021

Malampaya lifespan beyond 2027 certain

By Maria Romero – December 9, 2021 02:30 AM from Daily Tribune The multi-billion-dollar transactions of the subsidiaries of Udenna Corp., the diversified company of Davao City magnate Dennis Uy, involving the Malampaya deepwater gas-to-power project have been stalled over […]
December 9, 2021

House leader thumbs down government takeover of Malampaya

BY JOVEE MARIE DE LA CRUZ – DECEMBER 8, 2021 from Business Mirror The Malampaya Deep Water Gas-to-Power Project, located 50 km offshore Northwest Palawan. A LEADER of the House of Representatives on Wednesday rebuffed the call of a business […]
December 9, 2021

Ayala Energy sells 2.7m shares to a unit of GIC

By Alena Mae S. Flores – December 06, 2021 at 06:10 pm from manilastandard.net AC Energy and Infrastructure Corp., a unit of conglomerate Ayala Corp., signed an agreement to sell 2,689,521,681 secondary shares of AC Energy Corp. to Arran Investment […]
December 8, 2021

SMC power unit sets sights on massive LNG projects

BY LENIE LECTURA – DECEMBER 7, 2021 from Business Mirror The power arm of conglomerate San Miguel Corp. (SMC) has informed the Department of Energy (DOE) of its plan to put up massive liquefied natural gas (LNG) projects with a […]
December 8, 2021

Spectrum dangles cost-savings with Meralco’s net-metering solution

By Myrna M. Velasco – December 7, 2021, 5:04 PM from Manila Bulletin Spectrum, which is a solar power company under Manila Electric Company (Meralco), is promising savings in the electric bills for those who will be avail of their […]
December 7, 2021

Banks expect to keep lending to coal-fired power projects

By Marielle C. Lucenio – December 5, 2021 | 11:30 pm from Business World Banks expect to continue lending to coal-fired power projects as the Philippines shifts to cleaner and renewable energy sources by 2040, pending developments in an Asian […]
December 7, 2021

Meralco electricity sales up in November as demand improves

BY LENIE LECTURA – DECEMBER 6, 2021 from Business Mirror The Manila Electric Co. (Meralco) saw an improvement in electricity sales last month mainly due to improving demand across all sectors. Meralco First Vice President and Chief Commercial Officer Ferdinand […]
December 7, 2021

DOE firms up 2,000MW RE capacity auction

By Myrna M. Velasco – December 6, 2021, 3:40 PM from Manila Bulletin   DOE firms up 2,000MW RE capacity auction   The Department of Energy (DOE) has finally firmed up the initial capacity requirement of 2,000 megawatts for bidding […]
December 6, 2021

Bidding for Aboitiz EPC deal enters final stages

BY LENIE LECTURA – DECEMBER 6, 2021 from Business Mirror Aboitiz Power Corp. is wrapping up the bidding for the engineering, procurement, and construction (EPC) contract for its solar power project in Pangasinan. “For our 94-megawatt (MW) DC solar project […]