Power News

October 24, 2020

Coal still accounts for 54.6% of PH power mix

By Myrna M. Velasco – October 23, 2020, 5:30 AM from Manila Bulletin Clean energy sources will be ‘green with envy’ as coal fuel sustained its dominance in the country’s power generation mix last year with a share of 54.6 […]
October 24, 2020

AG&P investing $315M in LNG facility in Batangas to supply fuel to Ilijan plant

By Alena Mae S. Flores – October 23, 2020 at 09:10 pm from manilastandard.net Atlantic Gulf & Pacific Company of Manila Inc. plans to put up a liquefied natural gas import facility in Batangas City to supply re-gasified LNG to […]
October 23, 2020

SMC Global raising capital for Batangas LNG terminal

By Lenie Lectura – October 22, 2020 from Business Mirror SMC Global Power Holdings Corp. is raising $400 million from the issuance of senior perpetual capital securities to fund, among others, its entry into the liquefied natural gas (LNG) business. […]
October 23, 2020

Ayala energy firm inks new subscription deal with subsidiary

By Myrna M. Velasco – October 22, 2020, 1:17 PM from Manila Bulletin Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; […]
October 23, 2020

Rural utilities warn delayed bill payments to have serious impact on industry

By Adam J. Ang – October 22, 2020 | 9:12 pm from Business World THE delayed payment of power bills during the entire quarantine period will have a serious impact on the entire power supply chain, electric cooperatives warned. Government […]
October 22, 2020

NEA to work with ECs, DPWH on line transfers

By Jordeene B. Lagare – October 22, 2020 from The Manila Times The National Electrification Administration (NEA) will work with electric cooperatives (ECs) and the Department of Public Works and Highways (DPWH) to relocate electric poles more quickly. In a […]
October 22, 2020

FGEN asks 3 firms to submit bids for FSRU

By Lenie Lectura – October 21, 2020 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas FGEN LNG Corp. (FGEN LNG), a wholly owned subsidiary of First Gen Corp. (First Gen), has formally issued a request […]
October 22, 2020

PSALM debt shrinks despite pandemic

By Lenie Lectura – October 21, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed its financial obligations to P393.3 billion in the January-to-June period from P422 billion at end-2019. PSALM President and Chief […]
October 21, 2020

PXP Energy told to resume oil search in Recto Bank

By Lenie Lectura – October 20, 2020 from Business Mirror PANGILINAN-LED PXP Energy Corp. received a notice from the Department of Energy (DOE) to resume exploration activi-ties in Recto Bank, following last week’s lifting of the force majeure imposed in […]
October 21, 2020

Northwest Palawan oil extraction by 2026–PNOC-EC

y Lenie Lectura – October 21, 2020 from Business Mirror Energy Secretary Briguez: “By fourth quarter next year, we can start drilling. If we will be lucky, by 2026 or early 2027, production will start for SC 57.” THE government […]