Power News

December 24, 2020

PH nuclear plan up for President’s approval

By Jordeene B. Lagare – December 23, 2020 from The Manila Times THE proposal to include nuclear energy as one of the country’s energy sources is now awaiting the approval of President Rodrigo Duterte, according to a government official. Energy […]
December 23, 2020

AC Energy slates February offer period for SRO

By Myrna M. Velasco – December 23, 2020, 7:30 AM from Manila Bulletin Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares […]
December 23, 2020

Renewable energy share declines sharply since passage of 2008 law

By Angelica Y. Yang – December 22, 2020 | 7:25 pm from Business World THE share of renewables in the Philippines’ energy mix has declined to just under 21% from nearly 34% since the Renewable Energy (RE) Act of 2008 […]
December 23, 2020

ERC sets hearing on NGCP network charge to pay for 2019 damage

By Angelica Y. Yang – December 21, 2020 | 7:38 pm from Business World PHILSTAR/EDD GUMBAN THE Energy Regulatory Commission (ERC) will hold a virtual hearing next year to assess the National Grid Corp. of the Philippines’ (NGCP) request to […]
December 22, 2020

First Gen: 3 firms advance to next stage of FSRU tender

By VG Cabuag – December 22, 2020 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas Lopez-led First Gen Corp. on Monday said it will accelerate the introduction of liquefied natural gas (LNG) in the country […]
December 22, 2020

M2DC buys stake in Basic Energy

By VG Cabuag – December 22, 2020 from Business Mirror MAP 2000 Development Corp. (M2DC) is acquiring a majority stake in Basic Energy Corp., the energy company led by the De Venecia Group. In its disclosure, a memorandum of agreement […]
December 22, 2020

No foreign firm takers of PH geothermal blocks yet

By Myrna M. Velasco – December 22, 2020, 7:00 AM from Manila Bulletin Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of […]
December 21, 2020

Meralco extends payment deadline

By Alena Mae S. Flores – December 20, 2020 at 08:15 pm from manilastandard.net Power retailer Manila Electric Co. said over the weekend customers received a one-month disconnection reprieve as it extended the no-disconnection policy for non-payment of bills from […]
December 21, 2020

RE firms eye P35.7B from FIT subsidies

By Myrna M. Velasco – December 21, 2020, 7:00 AM from Manila Bulletin The country’s renewable energy (RE) developers are eyeing to rake in next year P35.693 billion worth of feed-in-tariff (FIT) payments, a form of subsidy collected from all […]
December 21, 2020

Aboitiz Power to issue up to P8-B bonds

By Myrna M. Velasco – December 21, 2020, 5:30 AM from Manila Bulletin Aboitiz Power Corporation is planning to raise up to P8 billion from a proposed bond issuance as the initial tranche of its new three-year Shelf Registration of […]