Power News

May 6, 2020

Energy players seek ₱55-billion share

Stimulus package   By Myrna M. Velasco – Updated May 5, 2020, 8:51 AM from Manila Bulletin Industry players and companies advancing energy efficiency (EE) ventures in the country are batting for US$1.1 billion or ₱55-billion inclusion in the economic […]
May 6, 2020

EDC bags Asian award on carbon disclosure reporting

By Myrna M. Velasco – Updated May 5, 2020, 8:52 AM from Manila Bulletin Lopez majority-owned Energy Development Corporation (EDC) garnered “Bronze” recognition under the Carbon Disclosure category of the 5th Asia Sustainability Reporting Awards (ASRA), which is famed as […]
May 5, 2020

More Asian banks seen avoiding coal projects

By Lenie Lectura – May 5, 2020 from Business Mirror More financial institutions in Asia are likely to end their support for coal power projects after Japan’s two largest institutional banks recently announced that they would stop financing new coal-fired […]
May 5, 2020

Spot prices in electricity market down to P1.50/kwh

By Alena Mae S. Flores – May 04, 2020 at 09:30 pm from manilastandard.net Average prices at the electricity spot market dropped to as low as P1.50 per kilowatt-hour in April, the lowest recorded, due to low demand during the […]
May 4, 2020

Meralco retail posts 14% growth in Q1

By Myrna M. Velasco – Updated May 4, 2020, 9:34 AM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has been scaling up its power retailing business portfolio at a robust pace, logging 14 percent increase in customer […]
May 4, 2020

Power One delivers 6MW replacement power for Mindoro

By Myrna M. Velasco – Updated May 4, 2020, 9:31 AM from Manila Bulletin Local firm Power One Corporation has delivered 6.0 megawatts (MW) of replacement power for the requirements of Bansud town in Southern Oriental Mindoro, with the intent […]
May 4, 2020

Meralco cuts 2020 network capital expenditure to ₧9.34B

By Lenie Lectura – May 4, 2020 from Business Mirror The Manila Electric Co. (Meralco) has reduced its network capital expenditure (capex) to P9.34 billion this year, from P17.84 billion, as various projects were stalled by the enhanced community quarantine […]
May 3, 2020

DOE eyes moves to ensure steady supply of power

By Alena Mae S. Flores – May 01, 2020 at 08:20 pm from manilastandard.net The Energy Department said it is preparing measures to ensure the adequate and reliable power supply once the enhanced community quarantine is lifted by May 15. […]
May 3, 2020

Bulacan village gets microgrid project

By Jordeene B. Lagare – May 2, 2020 from The Manila Times Power end-users in a village in Bulacan province were given an option to avail themselves of electricity based on annual consumption through OneSunASIA’s microgrid project. In a statement, […]
May 2, 2020

Alsons’s CP’s accorded ‘stable outlook’ rating

By Myrna M. Velasco – Updated May 2, 2020, 8:02 AM from Manila Bulletin Alsons Consolidated Resources, Inc. of the Alcantara group has been rated “PRS A plus,” which entails “stable outlook” credit rating as rendered by the Philippine Rating […]