Power News

August 19, 2020

MRC Allied narrows net loss to P11.38M

By Jordeene B. Lagare – August 19, 2020 from The Manila Times MRC Allied Inc. said on Tuesday it reduced its net loss to P11.38 million in the first six months of 2020 from P19.54 million in the same period […]
August 19, 2020

NEA behind pace on 2020 electrification target

By Adam J. Ang – August 18, 2020 | 6:37 pm from Business World PEXELS-DANIEL RECHE THE National Electrification Administration (NEA) said it may not hit its target to bring power to about 460,000 targeted households this year after the […]
August 18, 2020

‘MGen to commission solar plant this year’

By Lenie Lectura – August 17, 2020 from Business Mirror Meralco PowerGen Corp. (MGen), the power generation arm of the Manila Electric Co. (Meralco), said it is on track to switch on its 50-megawatt (MW) solar power project by end […]
August 18, 2020

Meralco to beef up energy portfolio, eyes 3,000-MW capacity in next five years

By Joel Lacsamana – August 15, 2020 at 07:10 pm from manilastandard.net It is full steam ahead for the power generation projects of Manila Electric Co. in the next five years, despite a 43-percent drop in operating income, as the […]
August 17, 2020

DOE to review PH energy plan

By Myrna M. Velasco – August 16, 2020, 10:00 PM from Manila Bulletin Given the economic recession-induced downturn in electricity usage that practically decimated power supply-demand outlook and forecasts, the Department of Energy (DOE) announced that it will re-calibrate the […]
August 17, 2020

DOE eyes passage of nuclear legislation this year

By Myrna M. Velasco – August 16, 2020, 6:00 PM from Manila Bulletin While site hunting for installations is ongoing, the Department of Energy (DOE) is eyeing the passage of a legislated policy this year to underpin the country’s re-entry […]
August 17, 2020

ERC shifts legal proceedings to online platform

By Myrna M. Velasco – August 15, 2020, 5:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) is temporarily shifting to online platform on its legal proceedings – mainly on the conduct of public hearings on cases as well […]
August 15, 2020

First Gen income slides to P8.9B in first 6 months

By Jordeene B. Lagare – August 15, 2020 from The Manila Times FIRST Gen Corp. reported a consolidated net income of $183 million (P8.92 billion) in the first semester of 2020, a 21.6-percent decline from the $233.4 million (P11.38 billion) […]
August 14, 2020

NEA extends P343.445-million loans to ECs from January to July

By Lenie Lectura – August 13, 2020 from Business Mirror THE National Electrification Administration (NEA) has extended P343.445 million worth of loans to all electric cooperatives (ECs) from January to July this year. The state firm said that of the […]
August 14, 2020

Mindanao spot market launch faces delays

By  Adam J. Ang – August 12, 2020 | 7:26 pm from Business World   THE low rates of registration by the Mindanao energy industry may further delay the launch of the electricity spot market in the region, according to the […]