Power News

October 14, 2021

ERC eyes extension of feed-in-tariff rate on run-of-river projects

By Alena Mae S. Flores – October 13, 2021 at 07:30 pm from manilastandard.net The Energy Regulatory Commission is studying the extension of the feed-in tariff rate for run-of-river projects at P5.8705 per kilowatt-hour from Jan. 1, 2020 until the […]
October 14, 2021

EDC, Cebu firm ink RE supply deal

BY LENIE LECTURA – OCTOBER 13, 2021 from Business Mirror File photo of EDC geothermal facility from its company website. Cebu-based steel manufacturer Chioson Development Corp. (CDC) has tapped Energy Development Corp. (EDC) for the supply of 750 kilowatts of […]
October 13, 2021

DMCI declares highest dividend payout

BY VG CABUAG AND LENIE LECTURA – OCTOBER 12, 2021 from Business Mirror   Engineering conglomerate DMCI Holdings Inc. has declared the highest dividend payout in its corporate history after its board approved the company’s declaration of special cash dividends. […]
October 13, 2021

Synergy Grid secures SEC approval for follow-on offer

BY LENIE LECTURA – OCTOBER 12, 2021 from Business Mirror   Synergy Grid & Development Phils. Inc. (SGP), which indirectly owns a majority stake in the National Grid Corporation of the Philippines (NGCP), received the go-ahead of the Securities and […]
October 13, 2021

Consunji-led SMPC declares P7.4-B special cash dividend

By Myrna M. Velasco – October 12, 2021, 4:08 PM from Manila Bulletin The Consunji-led Semirara Mining and Power Corporation (SMPC) has approved the declaration of P7.4 billion worth of special cash dividends to its shareholders as the company’s financial […]
October 12, 2021

Singapore firm to supply SNAP with clean energy

By Jordeene B. Lagare – October 12, 2021 from The Manila Times Singapore-based Nexif Energy said on Monday it clinched a deal to supply clean energy to SN Aboitiz Power (SNAP) for 10 years. Under the power supply agreement (PSA) […]
October 12, 2021

Power Barge 108 now online

By Jordeene B. Lagare – October 11, 2021 from The Manila Times The National Power Corp. (Napocor) recently moored and switched on its 2-megawatt (MW) Power Barge 108 in Lamitan City in Basilan to address the increasing electricity demand in […]
October 12, 2021

Condo dwellers no longer qualified for power subsidies

By Myrna M. Velasco – October 11, 2021, 3:55 PM from Manila Bulletin Filipinos living in condominiums and subdivisions will no longer qualify to avail of the ‘lifeline subsidy’ or electricity rate discounts extended to financially challenged power consumers. According […]
October 11, 2021

DOE: REM to go live ahead of other RE policies rollout

BY LENIE LECTURA – OCTOBER 11, 2021 from Business Mirror THE Department of Energy (DOE) has assured that the renewable energy market (REM) will be established ahead of the implementation of other policies meant to increase RE production and meet […]
October 11, 2021

Energy department sees delay in rolling out green energy auction

By Angelica Y. Yang – October 10, 2021 | 6:54 pm from Business World THE DEPARTMENT of Energy (DoE) said the green energy auction program (GEAP) may not launch as planned this month, with talks still ongoing with participants on […]