Power News

July 7, 2020

Iloilo to elevate worsening blackouts to Duterte

By Myrna M. Velasco – July 5, 2020, 10:00 PM from Manila Bulletin Disgruntled Iloilo City power consumers are elevating their concern to President Rodrigo Duterte given the worsening brownouts that already reached 326 hours in the past four months […]
July 6, 2020

SMPC ready for economic impact of pandemic–exec

By Lenie Lectura – July 6, 2020 from Business Mirror Consunji-led Semirara Mining and Power Corp. (SMPC) said it would still be able to carry out minimum dividend payout and trim debts amid the prevailing conditions and continuing risks presented […]
July 6, 2020

Surge in demand props up electricity spot-market rate

By Lenie Lectura – July 6, 2020 from Business Mirror Electricity spot-market price for June went up to P3.25 per kilowatt-hour (kWh), from P2.19 per kWh in the previous month, data released by the Independent Electricity Market Operator of the […]
July 6, 2020

EDC supports DOE’s geothermal target

By Alena Mae S. Flores – July 03, 2020 at 08:30 pm  from manilastandard.net Energy Development Corp. lauded the Energy Department for intensifying the development of geothermal energy to attain the targeted 35-percent renewable energy mix. “We highly welcome the […]
July 4, 2020

ERC orders refund of market fees

By Jordeene B. Lagare – July 4, 2020 from The Manila Times THE Energy Regulatory Commission (ERC) has ordered the refund of market fees that were overcollected from Luzon and Visayas trading participants at the Wholesale Electricity Spot Market (WESM), […]
July 4, 2020

Virus pandemic sees need for RE pivot

By Jordeene B. Lagare – July 4, 2020 from The Manila Times THE coronavirus disease 2019 (Covid-19) pandemic that struck the Philippines early this year has highlighted the need to pivot to renewables, the Energy Development Corp. (EDC) said on […]
July 4, 2020

Semirara postpones most of 2020 capital spending to 2021 amid crisis

By Alena Mae S. Flores – July 03, 2020 at 08:40 pm from manilastandard.net Semirara Mining and Power Corp. said Friday it is moving the bulk of its 2020 capital expenditure budget of P3.7 billion to 2021 amid the coronavirus […]
July 3, 2020

Ayala unit taps green bonds to fund various RE projects

By Lenie Lectura – July 3, 2020 from Business Mirror AC Energy, the energy platform of Ayala Corp., has recently launched a $60-million tap on its senior Green Bonds, bringing the total issuance to $470 million. The $60-million bond issuance […]
July 3, 2020

‘Renewables to help PHL attract investors’

By Lenie Lectura – July 3, 2020 from Business Mirror Lopez-led Energy Development Corp. (EDC) on Thursday welcomed the recent pronouncements of the Department of Energy (DOE) that it will intensify the development of geothermal energy in the Philippines. EDC […]
July 3, 2020

DOE sets geothermal, hydro projects’ bidding

By Myrna M. Velasco – July 2, 2020, 10:00 PM from Manila Bulletin The Department of Energy (DOE) is scheduling a bid round for service contracts that shall be awarded for five (5) geothermal and 18 hydropower projects through open […]