Power News

November 12, 2020

Gov’t dangles 8 ‘conditions’ in Malampaya license extension

By Myrna M. Velasco – November 11, 2020, 6:00 AM from Manila Bulletin The Philippine government is dangling at least eight conditions that the consortium-members of Service Contract (SC) 38 led by Shell Philippines Exploration B.V. (SPEX) must comply with […]
November 12, 2020

Meralco monitoring impact of Malampaya maintenance on power rates

By Myrna M. Velasco – November 11, 2020, 2:51 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) said it will be monitoring the probable impact of higher power rates that will result from the scheduled maintenance at […]
November 11, 2020

Gov’t dangles 8 ‘conditions’ in Malampaya license extension

By Myrna M. Velasco – November 11, 2020, 6:00 AM from Manila Bulletin The Philippine government is dangling at least eight conditions that the consortium-members of Service Contract (SC) 38 led by Shell Philippines Exploration B.V. (SPEX) must comply with […]
November 11, 2020

Meralco, Semirara cancel 700-MW coal plant venture

By Alena Mae S. Flores – November 10, 2020 at 08:10 pm from manilastandard.net Semirara Mining and Power Corp., Meralco Powergen Corp. and St. Raphael Power Generation Corp. terminated their joint venture agreement to construct a 700-megawatt coal-fired power plant […]
November 10, 2020

Meralco announces power rate reduction in November

By Alena Mae S. Flores – November 09, 2020 at 07:45 pm from manilastandard.net Manila Electric Co. said Monday power rates will decrease by P0.0395 per kilowatt-hour in November to P8.5105 per kWh from P8.55 per kWh in October. The […]
November 10, 2020

Typhoon damage to power co-ops hits P369.821M

By Angelica Y. Yang – November 9, 2020 | 7:36 pm from Business World THE estimated cost of damage sustained by electric cooperatives due to Typhoon Rolly (international name: Goni) has climbed to P369.821 million, according to the National Electrification […]
November 10, 2020

Plant closures, conversion to gas driving Israel’s planned retirement of coal by 2026

By Angelica Y. Yang – November 8, 2020 | 7:13 pm from Business World ISRAEL’S STRATEGY for ending the use of coal power centers on plant closures and the conversion of others to run on natural gas, an Israeli energy […]
November 9, 2020

‘AboitizPower to reboot overseas plans in 2022’

By Lenie Lectura – November 9, 2020 from Business Mirror ABOITIZ Power Corp. will resume exploring overseas investments, particularly in developing nations, by 2022. “As you know, we have deferred our move in Vietnam during the pandemic. We see ourselves […]
November 9, 2020

EPNS status granted to LNG projects

By Lenie Lectura – November 9, 2020 from Business Mirror The liquefied natural gas (LNG) projects of Texas-based Excelerate Energy L.P. and Batangas Clean Energy, Inc. of the LT Group were recently declared by the Energy Investment Coordinating Council through […]
November 9, 2020

SMC power firm logs P14.5-B net profit, up 27%

By Myrna M. Velasco – November 8, 2020, 5:30 AM from Manila Bulletin The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed […]