Power News

February 16, 2021

New South Wales solar farm secures debt financing

By Lorenz S. Marasigan – February 16, 2021 from Business Mirror The energy development arm of Ayala Corp. (AC) and its Australian partner have reached financial close for the first stage of its New England Solar Farm in New South […]
February 16, 2021

Renewable energy program targets 55.8% share of power mix by 2040

By Angelica Y. Yang – February 14, 2021 | 6:29 pm from Business Mirror THE Department of Energy has set new renewable energy (RE) targets in its latest version of the National Renewable Energy Program (NREP), with RE expected to […]
February 15, 2021

Group asks RE firms to refund FiT-All

By BusinessMirror – February 15, 2021 Renewable energy (RE) developers should follow the example of Manila Electric Co. (Meralco), when it proactively sought for the approval of P13.89 billion in over-recoveries, Laban Konsyumer Inc. (LKI) said on Sunday. Vic Dimagiba, […]
February 15, 2021

EDC wants to become ‘zero-waste’ company

By Jonathan L. Mayuga – February 15, 2021 from Business Mirror EDC’s 100 MW Mt. Apo geothermal facility. BusinessMirror file photo Lopez-led Energy Development Corp. is initiating a program to eliminate plastic waste materials as part of its mission to […]
February 15, 2021

Razon-led Iloilo power firm seeks P2-B capex

By Myrna M. Velasco – February 15, 2021, 7:00 AM from Manila Bulletin Razon-led MORE Electric and Power Corporation (MORE Power) has applied for P1.982 billion worth of capital expenditures (capex) with the Energy Regulatory Commission (ERC) for the reinforcement […]
February 13, 2021

EDC taps Mitsubishi for supply of equipment in BacMan plant’s expansion

By Myrna M. Velasco – February 12, 2021, 9:00 AM from Manila Bulletin Lopez-led Energy Development Corporation (EDC) had tapped Japanese firm Mitsubishi Heavy Industries Ltd. for the supply of equipment that will power up its 29-megawatt capacity expansion project […]
February 13, 2021

NGCP seeks ERC approval of 6-year capex worth P262b

By Alena Mae S. Flores – February 11, 2021 at 06:50 pm from manilastandard.net Transmission operator National Grid Corp. of the Philippines is seeking approval from the Energy Regulatory Commission to implement capital expenditure projects worth P262 billion from 2020 […]
February 12, 2021

NGCP finishes P382-M project for Luzon’s grid reinforcement

By Myrna M. Velasco – February 11, 2021, 6:30 AM from Manila Bulletin To institutionalize N-1 contingency in a major transmission backbone in the Luzon grid, transmission firm National Grid Corporation of the Philippines (NGCP) has completed a project that […]
February 12, 2021

Basic Energy eyeing Batangas wind project

By Alena Mae S. Flores – February 10, 2021 at 09:20 pm from manilastandard.net A unit of Basic Energy Corp. plans to develop a 50-megawatt wind project in Mabini, Batangas covering an area of 4,860 hectares of land. Basic Energy […]
February 12, 2021

EDC board approves issuance of P5B bonds in second quarter

By Alena Mae S. Flores – February 09, 2021 at 07:30 pm from manilastandard.net The board of geothermal power producer Energy Development Corp. said Tuesday it approved the issuance of up to P5 billion worth of bonds in the second […]