Power News

August 16, 2021

First Gen energizes WHI plant

BY LENIE LECTURA – AUGUST 16, 2021 from Business Mirror   FIRST GEN Corp. is supplying Philippine Bio-Industries Inc. (PBI)—one of the country’s biggest exporters of refined carrageenan blends—650 kilowatts of electricity to energize its production facilities in Calamba, Laguna. […]
August 16, 2021

No turnover plan yet for Ilijan plant, according to PSALM

By Myrna M. Velasco – August 16, 2021, 8:00 AM from Manila Bulletin Even if the build-operate-transfer (BOT) contract for the 1,200-megawatt Ilijan gas-fired plant will expire by June next year, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) […]
August 16, 2021

NEA extends P5.628-B worth of loans to ECs

By Myrna M. Velasco – August 13, 2021, 6:08 PM from Manila Bulletin Government-run National Electrification Administration (NEA) has extended P5.628 billion worth of loans to electric cooperatives (ECs) at the duration of the Duterte administration. According to NEA Administrator […]
August 16, 2021

3 LNG facilities start competing in local market next year

By Myrna M. Velasco – August 13, 2021, 5:34 PM from Manila Bulletin At least three liquefied natural gas (LNG) import facilities that are anchored on floating storage and regasification units (FSRUs) will start competing for the Philippine gas market […]
August 14, 2021

EDC turns over P29 million to LGUs

BY LENIE LECTURA – AUGUST 12, 2021 from Business Mirror File photo shows one of EDC’s 12 integrated geothermal power stations. Energy Development Corp. (EDC) has turned over P29.1 million to the communities and local government units (LGUs) hosting its […]
August 14, 2021

First Gen logs 11% income hike to P7.1B in first half

By Myrna M. Velasco – August 13, 2021, 2:30 PM from Manila Bulletin Lopez-led First Gen Corporation sustained its robust profitability and that enabled it to post 11-percent net income hike in the first half to P7.1 billion ($148 million) […]
August 14, 2021

SNAP, NIA ink ‘settlement deal’ on unutilized water for power generation

By Myrna M. Velasco – August 12, 2021, 5:48 PM from Manila Bulletin A ‘settlement and release agreement’ had been inked between SN Aboitiz Power Inc. (SNAP) and government-run National Irrigation Administration (NIA) on the treatment as well as resolution […]
August 13, 2021

Psalm Paco-Manila lot attracts three buyers

BY LENIE LECTURA – AUGUST 12, 2021 from Business Mirror THE Manila Electric Co. (Meralco) and two more firms expressed interest in acquiring the Paco-Manila property of the Power Sector Assets and Liabilities Management (Psalm) Corp. for P527 million via […]
August 13, 2021

Meralco asks DOE to reconsider interim supply deal with Masinloc

By Alena Mae S. Flores – August 10, 2021 at 07:55 pm from manilastandard.net Manila Electric Co. asked the Department of Energy to reconsider its decision rejecting the interim power supply agreement between the electricity retailer and Masinloc Power Partners […]
August 12, 2021

2 LNG projects expected to be done in Q2, Q3 ’22

BY LENIE LECTURA – AUGUST 12, 2021 Business Mirror Fuentebella: “We are coming up with more policies so that we can ensure that they have more supply.” TWO LNG (liquefied natural gas) projects are expected to be finished in the […]