Power News

December 14, 2020

First Gen pays preferred shares cash dividends

By Myrna M. Velasco – December 13, 2020, 7:00 AM from Manila Bulletin The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders […]
December 12, 2020

Cusi halts permit policy on critical energy projects

By Alena Mae S. Flores – December 11, 2020 at 08:00 pm from manilastandard.net Energy Secretary Alfonso Cusi suspended the issuance of certificate on energy projects of national significance to evaluate its effectiveness. The Department of Energy said in an […]
December 12, 2020

Consumer group asks Court of Appeals to stop power supply deal in Bantayan Island

By Manila Standard Business – December 09, 2020 at 08:30 pm The United Filipino Consumers and Commuters Inc. said Wednesday it asked the Court of Appeals to stop the implementation of a power supply contract in Bantayan Island, claiming that […]
December 12, 2020

AC Energy’s stock rights offering secures SEC nod

By Myrna M. Velasco – December 11, 2020, 4:00 PM from Manila Bulletin Ayala-led AC Energy Philippines Inc. (ACEN) has secured the approval and confirmation of the Securities and Exchange Commission (SEC) on its stock rights offering (SRO) which is […]
December 11, 2020

PetroEnergy vows to finish all power projects

By Lenie Lectura – December 11, 2020 from Business Mirror As some of its power projects have been put on hold due to the pandemic, the Yuchengco-led listed firm PetroEnergy Resources Corp. (PetroEnergy) said Monday it would pursue to complete […]
December 11, 2020

RCBC ends funding for coal projects

By Alena Mae S. Flores – December 10, 2020 at 08:20 pm from manilastandard.net Rizal Commercial Banking Corp., the banking unit of the Yuchengco Group of Companies, will no longer fund coal power plants as part of the lender’s efforts […]
December 11, 2020

Funding for nuclear studies points to ‘tacit’ approval from Senate, legislator says

December 8, 2020 | 7:21 pm By Angelica Y. Yang PHILSTAR THE chairman of the Senate energy committee said the chamber’s funding support for developing a nuclear energy program, worth nearly P192 million since 2018, may be taken as “tacit” […]
December 10, 2020

Solar PHL building large solar projects in 2021

By BusinessMirror – December 10, 2020 Solar Philippines said it is on track to construct over 1 gigawatt (GW) of solar projects in 2021 in the provinces of Batangas, Cavite, Nueva Ecija, and Tarlac. Based on data from the Department […]
December 10, 2020

Meralco to slash December power rates as lower Luzon demand cuts gen charge

By VG Cabuag – December 10, 2020 from Business Mirror POWER distributor Manila Electric Co. on Wednesday said it is slashing power rates in December mainly on lower generation charge due to decreasing demand in Luzon grid. Power rates for […]
December 10, 2020

DOE preps for 7.5% annual GDP growth

By Myrna M. Velasco – December 9, 2020, 6:30 AM from Manila Bulletin Post pandemic energy planning Post Covid-19 pandemic and beyond the stretch of the Duterte administration, the power development planning of the Department of Energy (DOE) had cast […]