Power News

November 18, 2019

Reliable power needed for ‘Build, Build, Build’ agenda

By Hector Zabala – November 16, 2019 at 07:20 pm from manilastandard.net Despite assurances from the Department of Energy of ample electricity supply, businessmen are worried over an impending power crisis. Last month, the Luzon grid experienced yellow alerts for […]
November 17, 2019

EDC’s Mt. Apo plant back in operation

By Myrna M. Velasco – November 16, 2019, 10:00 PM from Manila Bulletin The Mount Apo geothermal power facility of Lopez-led Energy Development Corporation (EDC) had been back on-line and to normal operations after it was disrupted by the strike […]
November 16, 2019

All Mindanao utilities to join WESM; Jan. start targeted

By Carmelito Q. Francisco – November 14, 2019 | 10:01 pm from Business World   DAVAO CITY — All power distribution utilities (DU) in Mindanao, both electric cooperatives and private companies, have applied to participate in the wholesale electricity spot […]
November 16, 2019

Alsons earnings post significant jump to ₱587 M in 9 months

By Myrna M. Velasco – November 15, 2019, 10:00 PM from Manila Bulletin With its Sarangani coal-fired power plant as the income driver, Alsons Consolidated Resources Inc. of the Alcantara group had logged glaring increase in its net earnings to […]
November 15, 2019

PECO not selling assets to more

By Jordeene B. Lagare – November 15, 2019 from The Manila Times PANAY Electric Co. (PECO) is not interested in selling its power assets to MORE Electric and Power Corp. (MORE Power) or to other interested entities, its official said. […]
November 15, 2019

Sarangani coal plant drives ACR’s revenue; 9-month net income up 198%

By Lenie Lectura -November 15, 2019 from Business Mirror ALCANTARA-LED Alsons Consolidated Resources Inc. (ACR) booked a whopping 198-percent increase in net income from January to September this year, from P197.39 million in the same period a year ago to P587.7 […]
November 15, 2019

First Gen 9-month income up 21% to US$217-M

By Myrna M. Velasco – By Myrna M. Velasco from Manila Bulletin With stronger sales from its diminutive 97-megawatt Avion power facility and better financial turnout for subsidiary Energy Development Corporation (EDC), Lopez-owned First Gen Corporation logged 21-percent income jump […]
November 14, 2019

Citing projected power capacity crunch, Meralco prods ERC to act on its PSAs

By Lenie Lectura -November 14, 2019 from Business Mirror FOLLOWING the successful auction via Competitive Selection Process (CSP) of Manila Electric Company’s (Meralco) 1,7000 megawatts (MW) of required capacity, the utility firm is moving to ask regulators to approve the […]
November 14, 2019

Uy’s Udenna gets 45% stake in Malampaya gas

By Alena Mae S. Flores – November 13, 2019 at 07:30 pm from manilastandard.net Udenna Corp. of businessman Dennis Uy has signed an agreement to acquire the entire shareholdings of Chevron Malampaya LLC, a wholly-owned subsidiary of Chevron Philippines Ltd. […]
November 13, 2019

PXP eyes Malampaya facilities to house integrated gas hub

By Lenie Lectura -November 13, 201937 from Business Mirror Part of the Malampaya Deep Water Gas to Power facility in Palawan is seen in this file photo from www.shell.com. UPSTREAM oil and gas company PXP Energy Corp. (PXP) has formalized […]