Power News

February 15, 2020

MRC Allied to step upon solar installation ventures this year

By MYRNA M. VELASCO – February 14, 2020, 10:21 PM from Manila Bulletin Listed firm MRC Allied, Inc. will be stepping up on ventures for both rooftop and utility-scale solar installations this year, beefing up its existing portfolio of about […]
February 15, 2020

Razon-owned power plant in Iraq kicks off commercial operations

By MYRNA M. VELASCO – February 14, 2020, 10:00 PM from Manila Bulletin The multi-phased power plant project of Razon group-owned Prime Power Middle East (PPME) has kicked off commercial operations this month for the initial phase of the gas-fired […]
February 15, 2020

ERC backpedals on WESM secondary cap’s reduction

By MYRNA M. VELASCO – February 14, 2020, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) is backpedaling on proposals to lower the secondary cap of traded capacity in the Wholesale Electricity Spot Market (WESM), which should have […]
February 15, 2020

AC Energy, two others interested in Malaya plant

By Alena Mae S. Flores – February 14, 2020 at 08:30 pm from manilastandard.net Three companies expressed interest to participate in the third round of bidding for the privatization of the 650-megawatt Malaya Thermal Power Plant and its underlying land […]
February 14, 2020

First Gen hikes authorized capital stock to ₱13.2 billion

By Myrna M. Velasco – February 13, 2020, 10:00 PM from Manila Bulletin Lopez-owned First Gen Corporation will increase its authorized capital stock to ₱13.2 billion from currently at ₱11.6 billion, to be executed through the generation of additional preferred […]
February 14, 2020

PSALM asset privatization proceeds soar to P71.97 billion in 2019 from P33.34 billion

By Lenie Lectura – February 14, 2020 from Business Mirror PROCEEDS from last year’s privatization programs of the Power Sector Assets and Liabilities Management Corp. (PSALM) ballooned to P71.97 billion from P33.34 billion in 2018. “PSALM’s total privatization proceeds in […]
February 14, 2020

AboitizPower gearing up for expanded RE portfolio

By Lenie Lectura -February 14, 2020 from Business Mirror ABOITIZ Power Corp. is gearing up to expand its renewable-energy (RE) portfolio in the next 10 years. AboitizPower President and Chief Executive Officer Emmanuel Rubio said 65 percent of all new […]
February 13, 2020

PXP Energy, partners on track for Peru drilling

By Jordeene B. Lagare – February 13, 2020 from The Manila Times PXP Energy Corp. and its partners are confident of completing its drilling of a well in its offshore exploration project in Peru on time. In a disclosure on […]
February 13, 2020

Vivant Energy inks 15-year power deal with Bantayan co-op

By Jordeene B. Lagare – February 13, 2020 from The Manila Times VIVANT Energy Corp. has signed a power supply agreement (PSA) with the Bantayan Electric Cooperative (Banelco) to energize Bantayan Island in Cebu province, its parent firm Vivant Corp. […]
February 13, 2020

PEMC-Iemop deal null and void from the start, lawmaker insists

By Lenie Lectura -February 13, 2020 from Business Mirror PUWERSA ng Bayaning Atleta (PBA) Party-list Rep. Jericho Nograles on Wednesday urged the  Department of Energy (DoE) to declare null and void the contract between the Philippine Electricity Market Corporation (PEMC) […]