Power News

November 30, 2024

First Gen borrows P7 billion to boost hydro unit

By Brix Lelis – November 30, 2024 | 12:00am from The Philippine Star First Gen, through its subsidiary First Gen Hydro Power Corp. (FG Hydro), recently signed separate loan agreements with BDO Unibank Inc., Bank of the Philippine Islands (BPI) […]
November 29, 2024

Meralco teams up with South Korean power utility for smart metering advancement

By Sheldeen Joy Talavera – November 29, 2024 | 12:02 am from Business World (L-R) Meralco Vice-President and Head for Revenue Assurance and Metering Services Marvin G. Gonsalves, KEPCO Corporate Senior Vice-President, Chief Safety Officer, and Chief Operation Officer Lee […]
November 29, 2024

ACEN Corp. completes buy of Paddak Energy

By Lorenz S. Marasigan – November 29, 2024 from Business Mirror ACEN Corp., the energy unit of the Ayala Group, on Thursday announced the full acquisition of Paddak Energy Corp. In a disclosure to the stock exchange, ACEN said it […]
November 28, 2024

DoE, Bangsamoro pact seals energy transition

By Maria Bernadette Romero – 28 Nov 2024, 02:27 from The Daily Tribune Photo Courtesy of DoE The Department of Energy (DoE) and the Ministry of Environment, Natural Resources, and Energy (MENRE) of the Bangsamoro Autonomous Region in Muslim Mindanao […]
November 28, 2024

ACEN acquires stake in BIM Energy, expanding Vietnam’s RE portfolio

By Gabriell Christel Galang – Nov 27, 2024 10:35 AM from Manila Bulletin Ayala-led renewable energy platform ACEN Corp. announced it will acquire Vietnamese firm BIM Energy Holdings (BIMEH) to help the neighboring country achieve its renewable energy goal. In […]
November 28, 2024

Meralco awaits approval for 2 coal plants

By Lisbet K. Esmael – 02:20 AM November 28, 2024 from inquirer.net / Philippine Daily Inquirer Singapore—Meralco PowerGen Corp. (MGen), the power generation unit of Meralco., seeks to bolster its baseload portfolio by 1,280 megawatts (MW) with two coal plants […]
November 28, 2024

NGCP fined P12.3M over delayed projects

By Ed Paolo Salting – November 27, 2024 from The Manila Times THE Energy Regulatory Commission (ERC) said on Tuesday that it had imposed an administrative penalty of P12.3 million on National Grid Corp. of the Philippines (NGCP) over the […]
November 28, 2024

Electric co-ops still slow in restoring power to the provinces

By Ray S. Eñano – November 27, 2024, 7:15 pm from manilastandard.net Lack of capital impedes the capacity of ECs to respond to disasters. Fallen electric poles and interrupted power services are the telltale damage of a violent typhoon. Time […]
November 27, 2024

Meralco subscriber count hits 8M—exec

By Lenie Lectura – November 26, 2024 from Business Mirror The Manila Electric Co. (Meralco) has reached the 8-million subscriber mark last October 29, a top official of the power distribution utility firm said. Meralco Senior Vice President and Chief […]
November 27, 2024

MGen’s PacificLight allots $900 million, to bid for 600-MW Singapore plant

By Brix Lelis – November 27, 2024 | 12:00am from The Philippine Star MGen currently owns 58 percent of PacificLight, its joint venture with Hong Kong-based conglomerate First Pacific Co. Ltd. Jurong Island, SINGAPORE— PacificLight Power Pte. Ltd., controlled by […]