Power News

October 26, 2021

ACEN taps South Pole to hit net-zero goal

BY LENIE LECTURA – OCTOBER 25, 2021 from Business Mirror   AC Energy Corp. (ACEN) and global climate solutions provider South Pole will closely work together in the next 12 months to achieve net zero greenhouse gas emissions by 2050. […]
October 26, 2021

Meralco: 4 power firms keen on supply deal

BY LENIE LECTURA – OCTOBER 25, 2021 from Business Mirror   The Manila Electric Co. (Meralco) has received firm interest from four power firms to join the competitive bidding to supply the utility firm 70 megawatts (MW) from January 2022 […]
October 25, 2021

PSALM to appeal ERC order

BY LENIE LECTURA – OCTOBER 25, 2021 from Business Mirror The power firms penalized by the Energy Regulatory Commission (ERC) for breaching the maximum allowable outage days this year will appeal the agency’s decision. The Power Sector Assets and Liabilities […]
October 25, 2021

No phaseout of coal power plants in Mindanao – Cusi

By Myrna M. Velasco – October 24, 2021, 7:00 AM from Manila Bulletin The Department of Energy (DoE) has categorically countered the planned buy-out and phaseout or retirement of coal-fired power plants in Mindanao, specifying that this is not part […]
October 25, 2021

Synergy Grid sets offer price at P12.00/share

By James A. Loyola – October 24, 2021, 7:00 PM from Manila Bulletin Synergy Grid & Development Philippines, Inc. has set the final price for its follow-on offering at P12.00 per share—at the bottom of its adjusted price range of […]
October 23, 2021

ERC: 3 gencos exceeded limit for unplanned outages

BY LENIE LECTURA – OCTOBER 21, 2021 from Business Mirror State firm Power Sector Assets and Liabilities Management Corp. (PSALM), Lopez-led Energy Development Corp. (EDC) and SPC Island Power Corp. (SIPC) exceeded the limit for the allowed number of days […]
October 23, 2021

EDC fined for breaching plant ‘forced outage’ limit

By Myrna M. Velasco – October 22, 2021, 5:22 PM from Manila Bulletin The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated […]
October 23, 2021

Malampaya shutdown extended

By Myrna M. Velasco – October 22, 2021, 4:35 PM from Manila Bulletin Gas will not flow yet from the Malampaya field, as the facility’s preventive maintenance shutdown has been extended for additional three days because of delayed repair works […]
October 23, 2021

Beneco to forgo late payment penalties

By Jordeene B. Lagare – October 22, 2021 from The Manila Times THE Benguet Electric Cooperative Inc. (Beneco) has resolved “to condone” penalties for late payment of electricity bills amid leadership squabble at the power co-op. Beneco Project Supervisor Omar […]
October 22, 2021

Case filed over Malampaya stake sale to Udenna

By Jordeene B. Lagare – October 20, 2021 from The Manila Times CONCERNED citizens lodged a criminal complaint against Energy Secretary Alfonso Cusi, businessman Dennis Uy, former and current officials of Philippine National Oil Co.-Exploration Corp. (PNOC-EC) and officials of […]