Power News

October 11, 2021

SMC Global Power unit applies to link battery storage facility to grid

By Angelica Y. Yang – October 7, 2021 | 7:49 pm from Business World UNIVERSAL POWER Solutions, Inc. (UPSI), a unit of SMC Global Power Holdings Corp., has asked the Energy Regulatory Commission (ERC) for approval to link its 60-megawatt […]
October 9, 2021

Meralco rates up this October billing

By Myrna M. Velasco – October 8, 2021, 3:12 PM from Manila Bulletin Due to higher transmission charges, customers of Manila Electric Company (Meralco) will be shelling out heftier amount for their electricity bills this October, as the overall tariff […]
October 9, 2021

Citicore Power to accelerate RE capacity to 1,500MW

By Myrna M. Velasco – October 8, 2021, 11:50 AM from Manila Bulletin With the race for ‘green investments’ building up in the country, Citicore Power Inc. is also bent on accelerating its renewable energy (RE) installations with a target […]
October 9, 2021

Meralco seeks more time to implement RPS rates

By Alena Mae S. Flores – October 07, 2021 at 07:30 pm from manilastandard.net Manila Electric Co., the biggest electricity retailer, is seeking for more time to implement the adjusted 2.52 percent annual incremental renewable energy percentage under the Renewable […]
October 8, 2021

PSALM announces auction for Limay, Bataan sites

By Angelica Y. Yang – October 6, 2021 | 8:33 pm from Business World THE Power Sector Assets and Liabilities Management Corp. (PSALM) announced an auction of property in Barangay Luz and Barangay Kitang II in Limay, Bataan, setting the […]
October 8, 2021

Government told to prioritize set up of renewable energy market

BY LENIE LECTURA – OCTOBER 7, 2021 from Business Mirror The Manila Electric Co. (Meralco) said the proposed renewable energy market (REM) should be implemented ahead of the other policies aimed at increasing renewable energy (RE) production and meeting RE […]
October 8, 2021

‘Expiry of PSALM corporate life may increase government debt’

BY JOVEE MARIE DE LA CRUZ – OCTOBER 7, 2021 from Business Mirror A lawmaker is pushing for the extension of the corporate life of Power Sector Assets and Liabilities Management (PSALM) Corp., saying its corporate life expiry could have […]
October 7, 2021

Global energy crisis draws new lines in coal’s trade map

By Bloomberg – October 5, 2021 | 8:45 pm from Business World REUTERS THE global energy crisis is reshaping trade routes for coal, illustrating the heightened demand for a fuel many considered on the downswing. China’s eastern province of Zhejiang […]
October 7, 2021

AC Energy switches on Rizal plant

BY LENIE LECTURA – OCTOBER 6, 2021 from Business Mirror AC Energy Corp. (ACEN), the power arm of conglomerate Ayala Corp., has switched on its 150megawatt (MW) diesel-fired power plant in Pililla, Rizal. The P1.9 billion diesel-fired power plant is […]
October 7, 2021

US-based investment firm hikes stake in First Gen

BY LENIE LECTURA – OCTOBER 6, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas Kohlberg Kravis Roberts & Co. (KKR) is investing P8.68 billion in First Gen Corp. which will allow the United States-based […]