Power News

December 2, 2021

Basic Energy bullish on entry of new shareholder

By Alena Mae S. Flores December 01, 2021 at 05:22 pm from manilastandard.net Basic Energy Corp. expressed optimism about its business prospects with the entry of MAP 2000 Development Corp. as its new major shareholder. The company said Wednesday the […]
December 1, 2021

PSALM studies Casecnan valuation

By Alena Mae S. Flores – November 28, 2021 at 08:05 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. said it is studying the valuation of the Casecnan hydro power plant, a 165-megawatt combined irrigation and power […]
December 1, 2021

Covid stalls ‘cost subsidy reduction’ on RE rates

By Myrna M. Velasco – November 29, 2021, 5:41 PM from Manila Bulletin The financial affliction of the coronavirus pandemic, which triggered backlog in feed-in-tariff (FIT) payments to qualified renewable energy (RE) developers, is also seen to delay the reduction […]
December 1, 2021

DOE seeks ‘proper forum’ to tackle Malampaya issues

By Myrna M. Velasco – November 29, 2021, 3:39 PM from Manila Bulletin The Department of Energy (DOE) indicated that it will reply to and would tackle all allegations on the sale of Malampaya shares in a proper forum, including […]
November 30, 2021

Vivant unit sells stake in SREC

BY LORENZ S. MARASIGAN – NOVEMBER 29, 2021 from Business Mirror Vivant Corp. has completely divested its shareholdings in Sabang Renewable Energy Corp. (SREC), which owns and operates a hybrid power generation facility in Puerto Princesa, Palawan. In a disclosure […]
November 30, 2021

‘DOE must revoke transfer of Malampaya to Udenna’

BY LORENZ S. MARASIGAN – NOVEMBER 29, 2021 from Business Mirror A platform at the Malampaya gas field is seen in this BusinessMirror file photo. The government must revoke the transfer of the Malampaya Gas Field Facility to Malampaya Energy […]
November 29, 2021

PEMC inks tie-up with UN body for ‘energy transition’ roadmap

By Myrna M. Velasco – November 26, 2021, 6:13 PM from Manila Bulletin The Philippine Electricity Market Corporation (PEMC), which is the governing entity of the Wholesale Electricity Spot Market (WESM), has inked a deal with the United Nations Office […]
November 29, 2021

Resumption of Malampaya gas operation leads to lower average price at electricity spot market

By Alena Mae S. Flores – November 28, 2021 at 08:10 pm from manilastandard.net The average electricity price at the Wholesale Electricity Spot Market declined this month to P5.20 per kilowatt-hour from P6.51 per kWh in October on higher power […]
November 27, 2021

Meralco pushes smart grid

By Danessa Rivera – November 27, 2021 | 12:00am from The Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) continues to push for smart grid as adoption has allowed it to achieve higher efficiency in its network through demand […]
November 27, 2021

ACEN removes oil exploration, mining from primary purpose

By Danessa Rivera – November 26, 2021 | 12:00am from The Philippine Star MANILA, Philippines — AC Energy Corp. (ACEN) is removing oil exploration and mining in its primary and secondary purposes in line with the company’s goal to achieve […]