Power News

August 3, 2021

Aboitiz Power to prepay P3.4-B retail bonds

By Myrna M. Velasco – August 2, 2021, 1:25 PM from Manila Bulletin The board of directors of listed firm Aboitiz Power Corporation has approved last week the prepayment of P3.4 billion worth of fixed-rate retail bonds to be enforced […]
August 2, 2021

NGCP targeting to complete VisMin power grid in Q1 2022

BY LENIE LECTURA – AUGUST 2, 2021 from Business Mirror The National Grid Corporation of the Philippines (NGCP) is aiming to complete the Mindanao-Visayas Interconnection Project (MVIP) within the first quarter of next year. “We are targeting that date, first […]
August 2, 2021

Meralco seeks nod of ERC for capital spending plan

BY LENIE LECTURA – AUGUST 2, 2021 from Business Mirror The Manila Electric Co. (Meralco) is seeking regulatory approval to implement its capital expenditure (capex) program worth about P24.73 billion for regulatory year (RY) 2022, or from July 2021 up […]
August 2, 2021

TransCo eyes feed-in tariff rate of P0.3320

By Alena Mae S. Flores – August 01, 2021 at 06:55 pm from manilastandard.net State-run National Transmission Corp. is seeking approval from the Energy Regulatory Commission for a feed-in tariff allowance rate of P0.3320 per kilowatt-hour for 2022. TransCo filed […]
August 2, 2021

No assurance from DOE of blackout-free elections

By Myrna M. Velasco – August 2, 2021, 6:00 AM from Manila Bulletin While power interruptions are often blamed for alleged cheating every elections, the Department of Energy (DOE) has not given any assurance that rotating blackouts will not happen […]
August 2, 2021

DOE to junk Meralco’s emergency supply procurement plea despite shortage

By Myrna M. Velasco – July 30, 2021, 6:38 PM from Manila Bulletin The Department of Energy (DOE) is inclined to disapprove the plea of power utility giant Manila Electric Company (Meralco) for emergency supply procurement despite highly probable supply […]
July 31, 2021

ERC asked to roll back Napocor missionary charges

By Angelica Y. Yang – July 28, 2021 | 8:34 pm from Business World PHILSTAR   CONSUMER-INTEREST group Laban Konsyumer, Inc. (LKI) said Wednesday that the Energy Regulatory Commission (ERC) needs to dismiss the National Power Corp.’s (Napocor) applications to […]
July 31, 2021

NEA ahead of target electrification pace in first half

By Angelica Y. Yang – July 27, 2021 | 9:02 pm from Business World   THE NATIONAL Electrification Administration (NEA) said Tuesday that it has brought power to a total of 590 rural villages or more than half of its […]
July 31, 2021

Former DoE official elected as PEMC president

By Angelica Y. Yang, Reporter – July 27, 2021 | 9:01 pm from Business World FORMER ENERGY Assistant Secretary (ASec) Leonido J. Pulido III has been elected to lead the Philippine Electricity Market Corp. (PEMC) as its president, the company […]
July 30, 2021

AboitizPower income hits P4 billion in Q2

BY LENIE LECTURA – JULY 29, 2021 from Business Mirror Aboitiz Power Corp. posted P4 billion in net income in the second quarter, bringing its first-half net income to P10.1 billion. The power firm reported strong financial results during the […]