Power News

May 12, 2021

Fort Pilar invests ₧5B in Zamboanga battery energy storage facility

BY LENIE LECTURA – MAY 12, 2021 from Business Mirror Fort Pilar Energy Inc., the declared winning party in the negotiated sale process of the 650-megawatt (MW) Malaya Thermal Power Plant (TPP), expects its P5-billion investment in energy storage facilities […]
May 12, 2021

Renewable energy powers ahead in 2020: report

By AFP – May 11, 2021 at 02:00 pm from manilastandard.net Renewable energy grew at its fastest rate in two decades, driven primarily by gains in China and wind power, the International Energy Agency said in a report Tuesday. Around […]
May 12, 2021

UNDP extends Philippine renewable energy program

By Angelica Y. Yang – May 11, 2021 | 8:26 pm from Business World THE United Nations Development Programme (UNDP) has extended the Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) program to January 2023, the Department of […]
May 12, 2021

NEA electrifies 362 rural villages in first four months

By Angelica Y. Yang – May 10, 2021 | 8:16 pm from Business World PHILSTAR THE National Electrification Administration (NEA) said that it has brought electricity to 362 rural villages under its Sitio Electrification Program (SEP) in the four months […]
May 11, 2021

Araneta Group taps renewable energy from First Gen

BY LENIE LECTURA – MAY 11, 2021 from Business Mirror Lopez-led clean energy provider First Gen Corp. has been tapped by the Araneta Group for the supply of renewable energy to the historic and pioneering shopping center Ali Mall in […]
May 11, 2021

NGCP to charge 14% interest for defaulting clients

By Angelica Y. Yang – May 10, 2021 | 8:16 pm from Business World BW FILE PHOTO THE National Grid Corp. of the Philippines (NGCP) said has set the interest rate for defaulting customers at 14% for the second quarter. […]
May 11, 2021

Asian Dev’t Bank drops coal investments, may support more natural gas projects

By Angelica Y. Yang – May 9, 2021 | 7:32 pm from Business World REUTERS THE Asian Development Bank (ADB) said in its first energy policy draft that it will not be funding new coal-fired plants but will consider investing […]
May 10, 2021

Meralco completes P4.2-B projects in Q1

By Myrna M. Velasco – May 10, 2021, 6:00 AM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has completed P4.2 billion worth of capital expenditure (capex) projects in this year’s first quarter, with the bulk of P3.4 […]
May 10, 2021

SMC Global eyes P125B capital expenditures

By Alena Mae S. Flores – May 09, 2021 at 07:25 pm from manilastandard.net SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp., is looking at 2021 capital expenditure budget of almost P125 billion to finance […]
May 10, 2021

Fort Pilar Energy bags Malaya plant with P3.12-billion offer

By Alena Mae S. Flores – May 07, 2021 at 08:05 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. on Friday declared Fort Pilar Energy Inc. as the winning negotiating party after submitting the highest offer of […]