Power News

January 3, 2020

SC ruling frees PSALM of ₱9.6-B VAT payments

By Myrna M. Velasco – January 2, 2020, 10:00 PM from Manila Bulletin A recent ruling of the Supreme Court (SC) has freed state-run Power Sector Assets and Liabilities Management Corporation (PSALM) of ₱9.566 billion worth of value-added tax (VAT) […]
January 3, 2020

PanAsia plans to invest P63b in 1,700-MW LNG project

By Alena Mae S. Flores – January 02, 2020 at 08:30 pm from manilastandard.net Panasia Energy Inc. is investing P63 billion to build a 1,700-megawatt liquefied natural gas plant in Barangays Dela Paz Proper and Ilijan, Batangas City. “Given the […]
January 2, 2020

Tan-led group to build big Batangas LNG plant

By Alena Mae S. Flores – January 01, 2020 at 07:55 pm from manilastandard.net Batangas Clean Energy Inc., a company controlled by taipan Lucio Tan, plans to put up a 1,100-megawatt combined cycle gas turbine power plant in Batangas City […]
January 2, 2020

Group monitors power supply deals

By Alena Mae S. Flores – December 31, 2019 at 09:35 pm from manilastandard.net Clean energy advocates asked consumers to be vigilant and monitor the competitive selection process of retailer Manila Electric Co. in securing 1,200 megawatts of supply over […]
January 1, 2020

Ghana loses $190 million in aid over deal involving Meralco

By Lenie Lectura -January 1, 2020 from Business Mirror   WASHINGTON-BASED Millennium Challenge Corp. (MCC) has reduced its financial aid to Ghana by $190 million following the termination of the concession agreement that was supposed to allow a consortium, which […]
December 31, 2019

Biggest electric co-op taps AboitizPower for renewable energy

By Lenie Lectura -December 31, 2019 from Business Mirror BATANGAS II Electric Cooperative Inc. (Batelec II) has tapped Aboitiz Power Corp. to supply power to the largest electric cooperative in the country. Under their power-supply agreement, AboitizPower will provide 3 […]
December 30, 2019

Clean-energy groups to Meralco: We’re watching your next CSP

By Lenie Lectura -December 30, 2019 from Business Mirror A lineman from Meralco checks on electric cables in San Andres, Manila, in this BusinessMirror file photo. CLEAN-energy advocates vowed on Monday to keep close watch over the upcoming Competitive Selection […]
December 28, 2019

Meralco eases rules for 2nd round of CSP bidding

By Danessa Rivera – December 27, 2019 – 12:00am from The Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) has relaxed its rules on the second round of the  competitive selection process (CSP) for 1,200-megawatt (MW) greenfield capacity required by […]
December 28, 2019

NGCP concession agreement under threat?

By Danessa Rivera – December 27, 2019 – 12:00am from The Philippine Star MANILA, Philippines — As like the water privatization contracts, a major privatization deal in the power sector is under threat during the Duterte administration – the concession […]
December 27, 2019

DoE warns of risks of holding onto RE certificates

By Victor V. Saulon – December 25, 2019 | 8:48 pm from Business World THE Department of Energy (DoE) has warned holders of renewable energy (RE) certificates not to hold on these tradable instruments once the trading market starts to […]