Power News

December 22, 2019

EDC keeps top credit rating for P7 billion bonds

December 20, 2019 – 12:00am from The Philippine Star MANILA, Philippines — Philippine Rating Services Corp. (PhilRatings) maintained its top credit rating of PRS Aaa for Energy Development Corp.’s P7 billion outstanding bonds. Obligations rated PRS Aaa are of the highest […]
December 21, 2019

AC Energy invests P570 million in 300 MW diesel power plant in Rizal

By Danessa Rivera – December 20, 2019 – 12:00am from The Philippine Star MANILA, Philippines — AC Energy Philippines Inc. (ACEP) has invested P570 million in a 300-megawatt (MW) diesel power plant in Rizal. In a disclosure to the Philippine […]
December 21, 2019

PSALM moves to feasibility study on redevelopment of NPC complex

By Myrna M. Velasco – December 20, 2019, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is set to award the consultancy work on the redevelopment of the National Power Corporation (NPC) complex to […]
December 20, 2019

Biomass association worried ERC changing the rules in FiT review

By Victor V. Saulon – December 19, 2019 | 10:37 from Business Mirror   BIOMASS power plant developers have turned to the National Renewable Energy Board (NREB) for support in view of the move from the Energy Regulatory Commission (ERC) to review […]
December 20, 2019

NEA seeks ₱1-B aid for power coops

By MYRNA M. VELASCO – December 19, 2019, 10:00 PM from Manila Bulletin Government-run agency National Electrification Administration (NEA) is seeking ₱1.0 billion worth of financial assistance that must be funneled to the electric cooperatives wrecked by recent typhoon “Tisoy,” […]
December 20, 2019

AC Energy, Ingrid Power ink share subscription deal

By Lenie Lectura -December 20, 2019 from Business Mirror AC Energy Philippines Inc. (ACEPH) signed a deal with Ingrid Power Holdings Inc., formerly AC Energy DevCo. Inc., for the subscription of common and preferred shares valued at P570 million. “ACEPH […]
December 19, 2019

PNOC-EC matches Udenna’s offer for Malampaya stake

By Lenie Lectura -December 19, 2019 from Business Mirror Malampaya gas field in offshore Palawan The Philippine National Oil Co.-Exploration Corp. (PNOC-EC) has exercised its right to match the offer of Dennis Uy-led Udenna Corp. (UC) for the purchase of […]
December 19, 2019

Climate group seeks clean energy policy

By Alena Mae S. Flores – December 17, 2019 at 07:25 from manilastandard.net Climate and environmental advocates and other non-government organizations reminded administration officials Tuesday to pursue more clean energy as directed by President Rodrigo Duterte during his state-of-the-nation address. […]
December 18, 2019

DOE launches first renewable-energy on-line trading platform in Philippines

By Lenie Lectura -December 18, 2019 from Business Mirror The Department of Energy (DOE) on Tuesday introduced an on-line trading platform for renewable energy (RE) with the intention of making this commercially available starting next year. “Today marks a momentous […]
December 18, 2019

Cusi blasts costly RE-FIT in power rates

By MYRNA M. VELASCO – December 17, 2019, 10:00 PM from Manila Bulletin Taking aim at the project developers of renewable energy (RE) who lobbied strongly for the feed-in-tariffs (FITs), Energy Secretary Alfonso G. Cusi labeled the subsidy as one […]