Power News

September 4, 2021

DoE expects over 7,700 MW of committed power projects to boost grid

By Angelica Y. Yang – September 3, 2021 | 5:17 pm from Business World THE Department of Energy (DoE) said committed power projects totaling 7,712 megawatts (MW) are expected to add capacity to the grid by 2027, with coal facilities […]
September 4, 2021

Meralco subsidiary secures contract for energy storage system

By Bernie Cahiles-Magkilat – September 3, 2021, 12:15 PM from Manila Bulletin Meralco Industrial Engineering Services Corporation or MIESCOR, a subsidiary of Meralco, has secured an engineering, procurement, and construction (EPC) for the setting up of a setting area for […]
September 3, 2021

AC Energy to raise $400M from issuance of green bonds

By Myrna M. Velasco – September 2, 2021, 3:12 PM from Manila Bulletin Ayala-led AC Energy Corporation (ACEN) is eyeing to fetch $400 million in gross proceeds from its issuance of senior guaranteed undated green bonds with non-callable 3.5-year fixed-for-life […]
September 3, 2021

8 power firms face penalties, says ERC

By Alena Mae S. Flores – September 02, 2021 at 06:20 pm from manilastandard.net The Energy Regulatory Commission said eight generation companies will be meted out with penalties for alleged breach of the maximum allowable unplanned outage days per year. […]
September 2, 2021

Increased foreign ownership for solar, wind seen requiring legislation

By Angelica Y. Yang – September 1, 2021 | 8:53 pm from Business World THE DEPARTMENT of Energy believes new laws may be needed to relax the foreign ownership restrictions for wind and solar projects. “The National Renewable Energy Board […]
September 2, 2021

New investment in RE tops P221 billion

By Angelica Y. Yang – September 1, 2021 | 8:50 pm from Business World PHILSTAR NEW renewable energy (RE) investment between 2009 and 2020 amounted to P221.35 billion, the Department of Energy (DoE) said Wednesday, noting a growing interest in […]
September 2, 2021

Waste-to-energy power plants may be rated RE for baseload

By Angelica Y. Yang – August 30, 2021 | 7:20 pm from Business World THE DEPARTMENT of Energy (DoE) may reclassify waste-to-energy (WTE) facilities as renewable energy (RE) units capable of supplying always-on baseload power. The plans were flagged in […]
September 1, 2021

ERC soliciting industry inputs to IRR of lifeline rate extension policy

By Myrna M. Velasco – August 31, 2021, 3:32 PM from Manila Bulletin The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders for the crafting of the implementing rules and regulations (IRR) of Republic Act 11552, which seeks […]
September 1, 2021

SMPC remits ₧1.7B in royalties to government

BY LENIE LECTURA – AUGUST 31, 2021 from Business Mirror   CONSUNJI-led Semirara Mining and Power Corp. (SMPC) has turned over nearly P1.7 billion in royalty payment to the Department of Energy (DOE) in the second quarter. Of the amount, […]
September 1, 2021

Singapore group offers to acquire 5.7% of First Gen for P6.76b

By Alena Mae S. Flores – August 31, 2021 at 08:35 pm from manilastandard.net Philippines Clean Energy Holding Inc., controlled by Valorous Asia Holdings Pte. Ltd. of Singapore, offered to acquire up to 5.7 percent of First Gen Corp.’s outstanding […]