Power News

January 8, 2021

NGCP making preparations for $1-b initial public offering

By Alena Mae S. Flores – January 07, 2021 at 07:55 pm from manilastand.net Transmission operator National Grid Corp. of the Philippines is taking steps to comply with an initial public offering requirement, an executive said Thursday. NGCP spokesman Cynthia […]
January 7, 2021

Meralco anticipates hike in power rates

By Myrna M. Velasco – January 6, 2021, 1:21 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) is anticipating probable increase in power rates to be passed on to its customers in the January bills. The power […]
January 7, 2021

Energy dep’t, ERC seek more time to comment on Senate gas bill

By Angelica Y. Yang – January 5, 2021 | 7:49 pm from Business World   REUTERS THE Department of Energy (DoE) and Energy Regulatory Commission (ERC) said that they will submit their detailed comments on the proposed midstream natural gas […]
January 7, 2021

Coal share of power mix seen at 59% by 2029 despite moratorium

By Angelica Y. Yang – January 4, 2021 | 7:30 pm from Business World COAL-FIRED POWER is expected to account for 59% of the country’s generation mix by 2029 after production at the Philippines’ sole gas field winds down, according to Fitch […]
January 6, 2021

Meralco says power rates may rise in January despite reduced demand

By Alena Mae S. Flores – January 05, 2021 at 08:05 pm from manilastandard.net Power rates in the franchise area of Manila Electric Co. may increase in January despite the lower demand, a company executive said Tuesday. Meralco spokesman Joe […]
January 6, 2021

MGen raises stake in PFBSI

Danessa Rivera – January 5, 2021 – 12:00am from The Philippine Star MGen earlier said it plans to acquire additional 20 percent equity in PowerSource First Bulacan Solar Inc. (PFBSI), where it owns 40 percent through MGen Renewable Energy Inc. […]
January 6, 2021

Meralco targets electrification of entire franchise area this year

By Danessa Rivera – January 3, 2021 – 12:00am from The Philippine Star Meralco senior vice president and head of networks Ronnie Aperocho said the company is spending P1.1 billion for the remaining projects under the Meralco Electrification Program. STAR/File […]
January 6, 2021

DoE studying RE, hydrogen, nuclear as alternatives to conventional fuels

By Angelica Y. Yang – January 3, 2021 | 6:56 pm from Business World REUTERS ENERGY DEPARTMENT Spokesman Felix William B. Fuentebella said the agency is looking into adding more renewable energy (RE), nuclear, and hydrogen-based power in preparation for any possible […]
January 5, 2021

Singapore fund completes deal to acquire 17.5% of AC Energy

By Alena Mae S. Flores – January 04, 2021 at 07:15 pm from manilastandard.net A unit of Singapore’s sovereign wealth fund completed the acquisition of a 17.5-percent stake in AC Energy Philippines Inc. for P20 billion. ACEN said in a […]
January 5, 2021

Gatchalian seeking Malampaya options

By Manila Standard Business – January 04, 2021 at 06:50 pm Senator Win Gatchalian has set in motion the Senate deliberations on a measure that will further develop the natural gas industry, providing for a replacement of the Malampaya deep […]