Power News

September 24, 2019

WESM sets out plan for derivatives market

By Myrna M. Velasco – Updated September 23, 2019, 11:14 AM from Manila Bulletin To reinforce interplay of financial transactions in the country’s electricity spot market, the integration of derivatives market and financial transmission rights (FTR) is now being advanced […]
September 24, 2019

Use of grading system in school for power deals questioned

07:22 PM September 19, 2019 from inquirer.net A consumer group questioned the use of a system of grading students on the process of choosing power suppliers in Palawan and Marinduque provinces which the group said removed competitive bidding and raised […]
September 23, 2019

New era for power rates

DEMAND AND SUPPLY By Boo Chanco – September 20, 2019 – 12:am from The Philippine Star A week ago, on Sept. 13, Meralco signed power supply agreements (PSAs) with Phinma Energy (now Ayala), San Miguel Energy, and South Premiere Power. […]
September 23, 2019

Political risks dampen Meralco zeal for Ghana power project

By Lenie Lectura – September 23, 2019 from Business Mirror A TOP official of the Manila Electric Co. (Meralco) said the utility firm may opt to discontinue its investment in Ghana due to political risks. The deal is still on […]
September 23, 2019

PSALM loses bid to junk case vs SMC power unit

By Jenniffer B. Austria – September 22, 2019 from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. suffered a setback in its bid to terminate the contract with South Premiere Power Corp., a subsidiary of SMC Global Power Holdings […]
September 23, 2019

Aboitiz Power inks deal with host communities

By Myrna M. Velasco – September 21, 2019, 10:00 PM from Manila Bulletin Aboitiz Power Corporation has recently inked a memorandum of agreement (MOA) with the host communities of its power projects on the latter’s more direct availment of financial […]
September 21, 2019

Tarlac solar power plant obtains P1.65-b loan from DBP

By Julito G. Rada – September 20, 2019 at 08:10 pm from manilastandard.net State-run Development Bank of the Philippines, the eighth-largest lender in terms of assets, recently signed a P1.65-billion loan agreement with Terasu Energy Inc. to partially finance the […]
September 21, 2019

Experts caution PH plan on nuclear power revival

By Myrna M. Velasco – September 20, 2019, 10:00 PM from Manila Bulletin ABU DHABI/Manila – The Philippines hinted about reviving its nuclear power development ambition – either through the repowering of the mothballed Bataan Nuclear Power Plant (BNPP), construction […]
September 21, 2019

DOE assures supply during Malampaya shutdown

By Myrna M. Velasco – September 20, 2019, 10:00 PM from Manila Bulletin On next month’s four-day scheduled maintenance shutdown of the Malampaya gas production facility, the Department of Energy (DOE) is assuring consumers that it has contingency measures in […]
September 20, 2019

DOE reluctant on extension of Malampaya gas service contract

By Alena Mae S. Flores – September 18, 2019 at 07:05 pm from manilastandard.net The government is not inclined to extend the service contract of Malampaya natural gas project operator Shell Philippines Exploration B.V. under the same terms, Energy Secretary […]