Power News

September 10, 2021

Napocor adds P300M in remittance to govt

BY LENIE LECTURA – SEPTEMBER 9, 2021 from Business Mirror STATE firm National Power Corp. (Napocor) has remitted P300 million to the national treasury, its top official said Thursday. Napocor Officer-in-Charge Donato D. Marcos said the amount is on top […]
September 10, 2021

Ayala energy unit to invest fresh capital in RE projects

BY LENIE LECTURA – SEPTEMBER 9, 2021 from Business Mirror AC Energy’s GigaSol Palauig solar farm in Zambales. AC Energy Corp. (ACEN), the energy arm of Ayala Corp., has raised nearly $1 billion in fresh capital this year, which it […]
September 10, 2021

DOE moves to hike renewables share

BY LENIE LECTURA – SEPTEMBER 9, 2021 from Business Mirror 1 The Department of Energy (DOE) is formally adopting the recommendation of the National Renewable Energy Board (NREB) to increase the minimum level of electricity contracted from renewable energy (RE) […]
September 10, 2021

Power contingency measures pushed

By Myrna M. Velasco – September 9, 2021, 5:53 PM from Manila Bulletin After massive power interruptions that affected more than 1.5 million Filipino customers as an aftermath of tropical storm Jolina, Energy Secretary Alfonso G. Cusi is calling on […]
September 9, 2021

SMC Global Power to offer $100-M perpetual securities

BY LENIE LECTURA – SEPTEMBER 8, 2021 from Business Mirror SMC Global Power Holdings Corp. (SMCGP) is raising $100 million from the issuance of additional senior perpetual capital securities to finance its proposed 1,313 megawatt (MW) combined cycle power plant […]
September 9, 2021

Over 500,000 consumers suffer brownouts; but DOE chief is busy with politics

By Myrna M. Velasco – September 8, 2021, 6:02 PM from Manila Bulletin More than 500,000 customers in Luzon and thousands more of Visayas customers suffered brownouts because of typhoon-induced trippings of transmission lines as well as damages incurred by […]
September 9, 2021

EDC calls for faster energy mix transition

By Myrna M. Velasco – September 8, 2021, 4:30 PM from Manila Bulletin Echoing ‘code red’ alarm on the escalated global warming, leading renewable energy developer Energy Development Corporation (EDC) is reinforcing calls for the country to accelerate its energy […]
September 8, 2021

Fort Pilar Energy buys Davao del Sur solar plant for P1.5b

By Alena Mae S. Flores – September 07, 2021 at 07:45 pm from manilastandard.net Fort Pilar Energy Inc., a company owned by the family of Rep. Mikee Romero, acquired Alterpower Digos Solar Inc. which owns a 28.59-megawatt solar plant in […]
September 8, 2021

DoE confused on ‘approval process’ of Uy’s Malampaya stake acquisition

By Myrna M. Velasco – September 7, 2021, 5:14 PM from Manila Bulletin The Department of Energy (DOE) has displayed its sense of ‘incertitude’ or ‘confusion’ when two officials of the agency gave conflicting answers to a question on what […]
September 8, 2021

Senate microgrid bill passes on second reading

By Alyssa Nicole O. Tan – September 7, 2021 | 9:19 pm from Business World A BILL promoting the use of microgrid systems for unserved and underserved areas was approved on second reading in the Senate Tuesday. The proposed Microgrid […]