Power News

November 18, 2021

Moratorium on FIT interest extended

BY LENIE LECTURA – NOVEMBER 17, 2021 from Business Mirror The Energy Regulatory Commission (ERC) is extending for six months the suspension of the collection of interest on delayed feed-in-tariff (FIT) revenue owed by the government to eligible renewable energy […]
November 18, 2021

Plant operator warns of tight electricity supply next year

BY LENIE LECTURA – NOVEMBER 17, 2021 from Business Mirror The operator of the 440-megawatt (MW) coal-fired power plant warned that electricity supply by the hot dry season next year will be “very difficult” as only one facility is expected […]
November 18, 2021

SEC approves IPO of Citicore REIT

BY VG CABUAG – NOVEMBER 17, 2021 from Business Mirror The Securities and Exchange Commission has given its go-signal to the initial public offering (IPO) of Citicore Energy REIT Corp. (CREIT). In its en banc meeting, the agency approved the […]
November 17, 2021

‘PHL needs energy transition group’

BY LENIE LECTURA – NOVEMBER 16, 2021 from Business Mirror In file photo: The Burgos Solar Project of the Energy Development Corp. in Ilocos Norte. FIRST Gen Power Corp. has proposed the creation of a group that will address the […]
November 17, 2021

PetroEnergy income up 30% to P544 M

By Myrna M. Velasco – November 16, 2021, 5:30 PM from Manila Bulletin Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From […]
November 17, 2021

Meralco extends cost-saving solutions to business customers

By Myrna M. Velasco – November 16, 2021, 3:18 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has been extending “cost-saving solutions” primarily to its business customers to trim their electric bills as they strive to bounce […]
November 16, 2021

First Gen’s 9-month income hits P10.3 billion

BY LENIE LECTURA – NOVEMBER 15, 2021 from Business Mirror The Burgos Solar Project of Energy Development Corp. in Ilocos Norte. First Gen Corp.’s (First Gen) net income attributable to its parent as of end-September grew by 11 percent to […]
November 16, 2021

Meralco, Megaworld on a tie-up for new power substation in McKinley Hill

By Myrna M. Velasco – November 15, 2021, 5:05 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) and prime township developer Megaworld Corporation have cemented partnership for the installation of a new power substation at the bustling […]
November 16, 2021

SNAP appeals penalty on hydro facility’s outages

By Myrna M. Velasco – November 15, 2021, 2:11 PM from Manila Bulletin A subsidiary-company of SN Aboitiz Power Inc. (SNAP) has filed a motion for reconsideration on the fines imposed by the Energy Regulatory Commission (ERC) on alleged ‘forced […]
November 15, 2021

Solar PHL secures approval of regulators for unit’s IPO

BY LENIE LECTURA AND VG CABUAG – NOVEMBER 14, 2021 from Business Mirror   Solar Philippines has secured the green light of the Philippine Stock Exchange (PSE) and Securities and Exchange Commission (SEC) for the planned initial public offering (IPO) […]