Power News

April 30, 2021

AC Energy prices follow-on offering at P6.50 per share

By Alena Mae S. Flores – April 29, 2021 at 07:02 pm from manilastandard.net The executive committee of Ayala-owned AC Energy Corp. priced its follow-on offering at P6.50 per share. “The FOO is subject to compliance by the company with […]
April 30, 2021

Vires Energy admits FSRU ‘info lapse’ in LNG facility application

By Myrna M. Velasco – April 29, 2021, 2:58 PM from Manila Bulletin Project sponsor-firm Vires Energy Corporation (VEC), a subsidiary of listed firm A. Brown Company Inc., has formally admitted to the Department of Energy (DOE) the information lapse […]
April 30, 2021

DOE solidifies tie-up with US government on gas policy formulation

By Myrna M. Velasco – April 30, 2021, 8:00 AM from Manila Bulletin The Department of Energy (DOE) is solidifying partnership with the United States government on policy formulation that the Philippines would be needing for the rebirth of its […]
April 29, 2021

NGCP conducts blackout simulation

By Alena Mae S. Flores – April 28, 2021 at 08:55 pm from manilastandard.net Grid operator National Grid Corp. of the Philippines recently conducted its annual blackout simulation drill to ensure stable and reliable transmission services in the event of […]
April 29, 2021

Meralco rates lower in Jan-Mar period

By Jordeene B. Lagare – April 28, 2021 from The Manila Times THE Manila Electric Co. (Meralco) said its average retail rates have dropped by 29 centavos per kilowatt-hour (kWh) in the first quarter of the year. Meralco’s average retail […]
April 29, 2021

Meralco income surges by 65% in Q1

By Jordeene B. Lagare – April 27, 2021 from The Manila Times The Manila Electric Co. (Meralco) on Monday reported a consolidated net income of P4.357 billion in the first three months of 2020, or a 64.2-percent surge from the […]
April 28, 2021

RP Energy Drops Subic Coal Project

By LENIE LECTURA – APRIL 28, 202 from Business Mirror Redondo Peninsula Energy Inc. (RP Energy) is no longer pursuing the development of a coal power facility in Subic, Zambales. “Not anymore coal,” replied Meralco PowerGen Corp. President Rogelio Singson […]
April 28, 2021

AC Energy Solar Farm Starts Producing Power For Luzon

BY LENIE LECTURA – APRIL 28, 2021 from Business World One of the 5 solar power projects of AC Energy Corp. (ACEN) lined up for the year is now generating power for the Luzon grid. ACEN announced Tuesday its 63megawatt […]
April 28, 2021

Meralco sets ‘emergency power procurement’ to augment supply

By Myrna M. Velasco – April 28, 2021, 6:00 AM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) is seeking the approval of the Department of Energy (DOE) for its “emergency procurement” of 220 to 260 megawatts of […]
April 28, 2021

Aboitiz Power sets P23-B capex for Dinginin, energy storage

By Myrna M. Velasco – April 28, 2021, 5:00 AM from Manila Bulletin Listed firm Aboitiz Power Corporation has earmarked P23 billion capital expenditures (capex) this year that shall be funneled mainly to the completion of its 1,336-megawatt Dinginin coal-fired […]