Power News

February 13, 2020

Alsons expects to raise P694 million from commercial papers for RE funds

By Lenie Lectura -February 13, 2020 from Business Mirror ALCANTARA-LED Alsons Consolidated Resources Inc. (ACR) expects to raise P694 million worth of commercial papers, providing additional financial aid to fund the company’s renewable-energy (RE) projects. It said Wednesday that it […]
February 12, 2020

Lopez-led FGen creates 160-million preferred shares, OKs sale of stake in hydro arm

By VG Cabuag & Lenie Lectura – February 12, 2020 from Business Mirror THE board of Lopez-led First Gen Corp. (FGen) has approved the company’s increase in authorized capital stock after it created some 160 million in preferred shares, which […]
February 12, 2020

Firm tells DOE of interest to explore Mindoro-Cuyo basin petrol reserves

By Lenie Lectura -February 12, 2020 from Business Mirror THE Department of Energy (DOE) has received an application to explore petroleum reserves in Mindoro-Cuyo basin, a nominated area submitted by an undisclosed firm. The nomination of an area for exploration […]
February 12, 2020

Competitive offers eyed on Mindoro-Cuyo area

By Alena Mae S. Flores – February 11, 2020 at 08:00 pm from manilastandard.net The Energy Department is seeking competitive offers to develop the Mindoro-Cuyo oil and gas basin under the government’s Philippine Conventional Energy Contracting Program. The department asked […]
February 12, 2020

Did ERC let Iemop collect fees from consumers? Solons ask

By Lenie Lectura -February 12, 2020 from Business Mirror THE House Energy Committee wants to know from the Energy Regulatory Commission (ERC) if it allowed Independent Electricity Market Operator of the Philippines (Iemop) to collect 1 centavo for every kilowatt-hour (kWh) from […]
February 11, 2020

ERC pushes ‘stricter scrutiny’ of power plants’ outages

By MYRNA M. VELASCO – February 10, 2020, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) will “uncompromisingly” dissect the root causes of forced outages of power plants, especially at periods when supply-demand condition traverses critical levels. ERC […]
February 11, 2020

MRC Allied to expand energy portfolio in 2020

By Lenie Lectura -February 11, 2020 from Business Mirror MRC Allied Inc. is gearing up to expand its energy portfolio this year, its top official said Monday. MRC Allied President and CEO Augusto Cosio Jr. is leading the company’s new management team, whose […]
February 11, 2020

ERC sets hearings on NGCP’s petition for Lapu-Lapu project

By Lenie Lectura -February 11, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) is set to start hearings on the application of the National Grid Corp. of the Philippines (NGCP) for the approval of the proposed Lapu-Lapu 230-kilovolt (kV) […]
February 10, 2020

ERC rejects DOE price scheme for renewable-energy auction

By Lenie Lectura -February 10, 2020 from Business Mirror The Energy Regulatory Commission (ERC) does not agree with the Department of Energy (DOE) that there should be a preapproved rate for renewable energy (RE), which will be the cap for […]
February 10, 2020

Solons probe spot market operator’s accord with PEMC for irregularities

By Lenie Lectura -February 10, 2020 from Business Mirror LAWMAKERS are looking into the irregularities within the Independent Electricity Market Operator of the Philippines (Iemop), operator of the Wholesale Electricity Spot Market (WESM). Rep. Jericho Nograles of Puwersa ng Bayaning […]