Power News

May 24, 2021

Uy’s Malampaya takeover needs nod of gov’t—Cusi

By Alena Mae S. Flores – May 23, 2021 at 07:00 pm from manilastandard.net The acquisition of another 45-percent interest in the Malampaya gas-to-power project in northwest Palawan by Dennis Uy’s Udenna Corp. will need government approval, Energy Secretary Alfonso […]
May 22, 2021

NGCP tops performance targets in system operations

By Myrna M. Velasco – May 21, 2021, 8:00 AM from Manila Bulletin Transmission firm National Grid Corporation of the Philippines (NGCP) has indicated that it surpassed performance targets that had been prescribed for it to achieve in operating and […]
May 21, 2021

AboitizPower to build solar power plant in Pangasinan

BY LENIE LECTURA- MAY 21, 2021 from Business Mirror Aboitiz Power Corp. (AboitizPower) will start the construction of a 74-megawatt (MW) solar power facility in Pangasinan within the second half of the year. The solar project, to be built in […]
May 21, 2021

ACR hydro plant to start operations in 2022

BY LENIE LECTURA – MAY 21, 2021 from Business Mirror Alcantara-led Alsons Consolidated Resources Inc. (ACR) said Thursday its P4.5-billion run-of-river hydroelectric power plant would commence operating next year. The 14.5 megawatt (MW) Siguil Hydro power project is currently under […]
May 21, 2021

Udenna is buyer of Shell’s 45% stake in Malampaya

By Myrna M. Velasco – May 20, 2021, 5:33 PM from Manila Bulletin Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority […]
May 20, 2021

NGCP to comply with ERC directive for maiden offer

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror The National Grid Corporation of the Philippines (NGCP) said Thursday that it would comply with the regulator’s directive to complete the requirements for its initial public offering (IPO) and pursue […]
May 20, 2021

AC Energy to build ₧11.4-B wind farm in Ilocos Norte

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror AC Energy Corp. (ACEN), the energy arm of Ayala Corp., will put up the country’s biggest wind farm in Ilocos Norte worth P11.4 billion. The 160MW Balaoi and Caunayan wind […]
May 20, 2021

First Gen allots $530M for capex

BY LENIE LECTURA – MAY 20, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas   FIRST GEN Corp. of the Lopez Group is setting aside about $530 million in capital expenditures (capex) this year […]
May 19, 2021

ERC gives NGCP six months to complete $1-billion IPO

By Angelica Y. Yang – May 18, 2021 | 8:23 pm from Business World BW FILE PHOTO THE Energy Regulatory Commission (ERC) has ordered the National Grid Corp. of the Philippines (NGCP) to complete the listing process for a $1-billion […]
May 19, 2021

Natural gas regulation bill hurdles Senate committees

By Vann Marlo M. Villegas – May 18, 2021 | 8:11 pm from Business World REUTERS The Senate committees on energy and finance on Monday approved a bill requiring a national energy policy and framework for the development and regulation […]