Power News

April 27, 2021

Singapore Power Plant Cuts Core Profit Of Meralco In Q1

BY LENIE LECTURA – APRIL 27, 2021 from Business Mirror Power lines run beside a sign of the Manila Electric Co. (Meralco) branch in Manila in this Bloomberg file photo. The Manila Electric Co. (Meralco) posted in the first quarter […]
April 27, 2021

MGen completes 86% acquisition of stake in GBPC

By Alena Mae S. Flores – April 26, 2021 at 07:50 pm from manilastandard.net Meralco PowerGen Corp., a unit of Manila Electric Co., completed the acquisition of an 86-percent stake in Global Business Power Corp. from Metro Pacific Investments Corp. […]
April 27, 2021

Biomass projects eligible for FiT estimated at 135 MW

By Angelica Y. Yang – April 25, 2021 | 7:27 pm from Business World SIEMENS THE National Transmission Corporation (TransCo) said 17 biomass projects with a capacity of 135.13 megawatts (MW) are billing the feed-in tariff allowance (FiT-All) to consumers […]
April 27, 2021

NGCP found non-compliant on AS reserve levels

By Angelica Y. Yang – April 25, 2021 | 7:21 from Business World BW FILE PHOTO THE DEPARTMENT of Energy (DoE) said the National Grid Corp. of the Philippines (NGCP) is not compliant in terms of the required reserve levels […]
April 26, 2021

VEC Gets DOE Nod To Proceed With LNG Project

BY LENIE LECTURA – APRIL 26, 2021 from Business Mirror The Department of Energy (DOE) gave its green light to Vires Energy Corp. (VEC) to proceed with the development of its planned Integrated Natural Gas-Fired Power Plant and liquefied natural […]
April 26, 2021

WESM seeking additional fees for RE market

By Myrna M. Velasco – April 26, 2021, 6:30 AM from Manila Bulletin The Philippine Electricity Market Corporation (PEMC), which regulates the Wholesale Electricity Spot Market (WESM), is seeking approval for an additional spot market transaction fees to be slapped […]
April 26, 2021

DOE, DTI to craft standards for natural gas industry

By Myrna M. Velasco – April 26, 2021, 6:30 AM from Manila Bulletin The Department of Energy (DOE) has entered into a memorandum of agreement (MOA) with the Department of Trade and Industry (DTI) for them to collaborate on the […]
April 24, 2021

Aboitiz Power set to develop more renewable energy

By Alena Mae S. Flores – April 23, 2021 at 06:45 pm from manilastandard.net Aboitiz Power Corp. said Friday it continues to improve the performance of its renewable energy facilities across the country as it pursues a greater share of […]
April 24, 2021

Gov’t mulls ‘economic sabotage’ raps versus erring power firms

By Myrna M. Velasco – April 23, 2021, 12:15 PM from Manila Bulletin The power generation companies (GenCos) that are experiencing prolonged outages on their generation facilities could face anti-competitive behavior and economic sabotage raps because they have been violating […]
April 23, 2021

SEC Greenlights AC Energy P16.48-B Follow-On Offering

BY VG CABUAG – APRIL 23, 2021 from Business Mirror The Securities and Exchange Commission (SEC) has approved the P16.48-billion follow-on offering of AC Energy Corp., proceeds of which will be used to fund its expansion projects. In its meeting […]