Power News

September 3, 2019

PSALM’s sale proceeds now at P338.7 billion

By Myrna M. Velasco – Updated September 2, 2019, 10:44 AM from Manila Bulletin The balance of privatization proceeds that state-run Power Sector Assets and Liabilities Management Corporation (PSALM) still bound to collect now just hovers at P338.73 billion, which […]
September 3, 2019

DOE proposes P2.3-B budget for next year

By Myrna M. Velasco – September 2, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) is seeking P2.3 billion budget for next year to support the implementation of several laws at its disposal. Department of Energy (DOE) […]
September 3, 2019

AboitizPower’s P10-billion bond sale to pay loans gets highest rating

By Lenie Lectura – September 3, 2019 from Business Mirror ABOITIZ Power Corp. has secured the highest credit score for its P10-billion bond sale. Local credit rater Philippine Ratings Services Corp. (Philratings) assigned an issue credit rating of PRS Aaa, […]
September 3, 2019

First Gen picks Japan’s JGC for LNG project in Batangas

By Lenie Lectura – September 3, 2019 from Business Mirror FIRST GEN Corp. (FGEN) has chosen JGC Corp. of Japan as the engineering, procurement and construction (EPC) contractor for its billion-dollar liquefied natural gas (LNG) project in Batangas. This marks […]
September 2, 2019

Renewable energy plan under review as share of clean sources declines

By Victor V. Saulon – September 1, 2019 | 11:45 pm from Business World RENEWABLE energy’s dwindling share in the country’s mix of power sources has prompted the government to review its program that was meant to help ensure energy […]
September 2, 2019

DOE defends Meralco on 3rd party bid committee’s selection for CSP

By Myrna M. Velasco – August 31, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) has defended the selection of the five-man third party bids and awards committee (TPBAC) that will manage the competitive selection process (CSP) […]
September 2, 2019

Group asks DOE to ban new coal plants

By Alena Mae S. Flores – September 01, 2019 at 06:50 pm from manilastandard.net Consumer group Murang Kuryente slammed the Department of Energy’s “technology-neutral” policy that ruled out a moratorium on the construction of new coal-fired power plants. Energy Secretary […]
August 31, 2019

DOE commitment to total electrification questioned

By Ronnel W. Domingo – 05:12 AM August 30, 2019 from Philippine Daily Inquirer The Department of Energy (DOE) was called out during a Senate energy committee hearing for its apparent lack of preparedness to meet the government’s target of […]
August 31, 2019

LGUs urged to back renewable projects

By Alena Mae S. Flores – August 30, 2019 at 07:50 pm from manilastandard.net Senator Sherwin Gatchalian on Friday urged local government units to band together in clusters to ensure continued supply of feedstock for waste-to-energy projects under a proposed […]
August 30, 2019

Benchmark pricing set for auction of new 2,000 MW RE projects

By Myrna M. Velasco – August 29, 2019, 10:00 PM from Manila Bulletin A benchmark pricing pre-approved by the Energy Regulatory Commission (ERC) will be cast as a “reference tariff’ in the government’s auction of new 2,000 megawatts (MW) of […]