Power News

March 22, 2021

First Gen shortlists 2 bidders for LNG project

By Myrna M. Velasco – March 22, 2021, 5:30 AM from Manila Bulletin FGEN LNG Corporation, the corporate vehicle of First Gen Corporation for its interim liquefied natural gas (LNG) import facility, has shortlisted two bidders for its targeted chartering […]
March 22, 2021

DOE courting investors for 69 off-grid areas

By Myrna M. Velasco – March 21, 2021, 7:30 AM from Manila Bulletin The Department of Energy (DOE) is currently enticing investors to funnel capital in at least 69 areas that are classified as “underserved” and “unserved” domains when it […]
March 20, 2021

Gas business pulls down First Gen earnings in 2020

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas First Gen Corp. of the Lopez Group posted P13.7 billion in net earnings last year, down 7 percent from the […]
March 20, 2021

ACEN approves P85.93B share swap deal with parent company

By Alena Mae S. Flores – March 19, 2021 at 08:35 pm from manilastandard.net AC Energy Corp. said Friday its board approved a property-for-share swap with parent company AC Energy and Infrastructure Corp. and the issuance of 16.68 billion shares […]
March 20, 2021

Electricity prices rise at spot market

By Alena Mae S. Flores – March 19, 2021 at 07:55 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines, which runs the Wholesale Electricity Spot Market, noted an increase in prices in March, averaging P4.23 per kilowatt-hour […]
March 19, 2021

Citicore unit taps Chinese firm for hydropower project

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror Rio Norte Hydropower Corp. (RNHC), a wholly-owned subsidiary of Citicore Power Inc., has tapped Chinese firm Xian Electric Engineering Co. Ltd. as its EPC (Engineering, Construction and Procurement) contractor for […]
March 19, 2021

ACEN raises P11.88 billion via share sale

By LENIE LECTURA – MARCH 19, 2021 from Business Mirror AC Energy Corp. (ACEN) has successfully raised P11.88 billion through a private placement of 4 billion shares. “This is to announce the completion of the subscription of Arran Investment Pte. […]
March 19, 2021

SMC opts out of Malampaya stake bidding

By Myrna M. Velasco – March 18, 2021, 3:59 PM from Manila Bulletin Diversified conglomerate San Miguel Corporation (SMC) has decided not to submit a tender for the 45-percent stake in the multi-billion Malampaya gas field venture that is currently […]
March 18, 2021

EDC seeks regulators nod for green bonds

By VG CABUAG – MARCH 18, 2021 from Business Mirror EDC’s 100 MW Mt. Apo geothermal facility. (BusinessMirror file photo) Energy Development Corp. (EDC), the Lopez-led unlisted power generation firm, has filed a shelf registration of Asean Green Bonds worth […]
March 18, 2021

Meralco seeks ERC nod for PSAs

By LENIE LECTURA – MARCH 18, 2021 from Business Mirror Power lines run beside a sign for the Manila Electric Co. (Meralco) Makati branch in Manila, the Philippines, on Monday, March 23, 2009. Manila Electric Co. is the largest Philippine […]