Power News

November 17, 2020

POWER RATES DOWN IN NOVEMBER 2020

By Manila Bulletin – November 17, 2020, 8:00 AM from Manila Bulletin Improved supply situation causes decrease in Generation Charge MANILA, PHILIPPINES, 9th November 2020 – The Manila Electric Company (MERALCO) announced today a downward adjustment of power rates, as […]
November 17, 2020

NGCP denies involvement in Cagayan-Isabela flooding

By Myrna M. Velasco – November 16, 2020, 3:11 PM. from Manila Bulletin Transmission system operator National Grid Corporation of the Philippines (NGCP) set the record straight that it should not be blamed for the severe flooding incidents in Cagayan […]
November 16, 2020

‘Meralco CSP attracts more firms’

By Lenie Lectura – November 16, 2020 from Business Mirror More firms have indicated their interest to join the competitive auction for the Manila Electric Co.’s (Meralco) power requirement of 1,800megawatts (MW). “Additional companies submitted expressions of intent as the […]
November 16, 2020

Malampaya turns in P311-B revenue share to government

By Myrna M. Velasco – November 15, 2020, 6:30 AM from Business Mirror The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according […]
November 14, 2020

Paris climate goals seen requiring tripling in RE investment

By Angelica Y. Yang – November 11, 2020 | 7:17 pm from Business World REUTERS GLOBAL renewable energy investment needs to triple to nearly $800 billion by 2050 in order to meet climate goals set out in the Paris Agreement, […]
November 14, 2020

Renewables adoption requires ‘whole-of-society’ approach — NREB

By Angelica Y. Yang – November 11, 2020 | 7:11 pm from Business World WWW.PETROENERGY.COM.PH/ THE transition to renewable energy requires the involvement of every segment of society with greater public engagement possibly encouraged by the government’s recent ban on […]
November 14, 2020

IEA: Regulation main source of uncertainty in growth of Philippine renewables industry

By Angelica Y. Yang – November 10, 2020 | 7:21 pm from Business World THE renewables outlook to 2025 for the Philippines and some of its neighbors is for growth in the solar and wind-energy industries, with regulation seen as […]
November 13, 2020

Meralco: Bidders must submit EOI on Nov. 13

By Lenie Lectura – November 12, 2020 from Business Mirror THE MANILA Electric Co. (Meralco) has extended for 24 hours the deadline for the submission of formal interest to participate in the competitive auction for its 1,800megawatt (MW) power requirements. […]
November 13, 2020

Singaporean firm to invest in AC Energy

By Lenie Lectura – November 12, 2020 from Business Mirror AC Energy Philippines (ACEN) said it has received a P20-billion investment offer from Arran Investment Pte Ltd. Arran Investment is a private limited company incorporated in Singapore that is affiliated […]
November 13, 2020

PSALM seeks bids for Paco property

By Lenie Lectura – November 11, 2020 from Business Mirror The property of the Power Sector Assets and Liabilities Management Corp. (PSALM) in Paco, Manila, is now up for a negotiated bid. The state firm has set the bid offer […]