Power News

September 25, 2020

SPEx: No Malampaya sale unless we find most qualified buyer

By Lenie Lectura – September 25, 2020 from Business Mirror SHELL Philippines Exploration B.V. (SPEx), the operator of the Malampaya gas field in offshore Palawan, said Thursday that, while it has announced a decision to sell its entire 45-percent stake […]
September 25, 2020

AC Energy to invest P250M in subsidiary

By Jordeene B. Lagare – September 25, 2020 from The Manila Times AC Energy Philippines Inc. (Acen) has signed an agreement to subscribe to unit Buendia Christiana Holdings Corp.’s (BCHC) preferred shares valued at P250 million. In a disclosure on […]
September 25, 2020

Bidding for Malaya power plant fails again

By Alena Mae S. Flores – September 23, 2020 at 08:35 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. declared a failure the third round of public auction for the 650-megawatt Malaya Thermal Power Plant and its […]
September 24, 2020

Malampaya operator selling 45% stake

By Lenie Lectura – September 24, 2020 from Business Mirror Malampaya Deep Water Gas to Power facility in Palawan SHELL Philippines Exploration B.V. (SPEx), operator of the Malampaya deepwater gas-to-power project, said Wednesday it is selling its 45-percent stake in […]
September 24, 2020

Loan payments from electric coops declined in H1—NEA

By Lenie Lectura – September 24, 2020 from Business Mirror The country’s electric cooperatives (ECs) posted a total of P773.91 million in loan payments for the first six months of the year, the National Electrification Administration (NEA) said on Wednesday. […]
September 24, 2020

ERC orders distribution utilities to expedite customer switching

By Adam J. Ang – September 23, 2020 | 5:43 pm from Business World THE Energy Regulatory Commission (ERC) has ordered distribution utilities to promptly process the applications of customers switching to other retail suppliers, on threat of penalty. According […]
September 23, 2020

NGCP pushes back timeline for vital transmission projects

By Lenie Lectura – September 22, 2020 from Business Mirror The National Grid Corp. of the Philippines (NGCP) has appealed for understanding as the timeline of its vital transmission projects has been pushed back because of the Covid-19 pandemic. NGCP […]
September 23, 2020

‘ERC scrutinizing power supply applications’

By Lenie Lectura – September 22, 2020 from Business Mirror The Energy Regulatory Commission (ERC) said Tuesday that power supply applications are being thoroughly evaluated as some electric cooperatives (ECs) and power suppliers are engaged in a legal tussle. The […]
September 23, 2020

DOE offers another petroleum block in Cotabato basin

By Myrna M. Velasco – September 23, 2020, 5:00 AM from Manila Bulletin The Department of Energy (DOE) is offering another petroleum block to interested investors, this time the prospect straddles offshore Cotabato basin in Mindanao. The block, according to […]
September 22, 2020

Meralco settles fine, appeals discounts for lifeline users

By Lenie Lectura – September 21, 2020 from Business Mirror The Manila Electric Co. (Meralco) paid the P19-million penalty slapped by the Energy Regulatory Commission (ERC) for violating the billing advisories imposed on distribution utilities (DUs) during community quarantine from […]