Power News

August 20, 2019

Iloilo court rules in favor of MORE Power in expropriation case against PECO

By Emme Rose S. Santiagudo – August 19, 2019 | 10:53 pm from Business World HTTPS://WWW.FACEBOOK.COM/MOREPOWERILOILO/ ILOILO CITY — A Regional Trial Court (RTC) has granted the petition of the Razon-led MORE Electric and Power Corp. to take over the […]
August 20, 2019

AC Energy sees commercial operation of diesel plant in Rizal by H2 of 2020

By Lenie Lectura – August 20, 2019 from Business Mirror AC Energy Inc., the power arm of conglomerate Ayala Corp., wants to start construction of its planned diesel plant in Pililia, Rizal, this year, with target commercial operation date set […]
August 20, 2019

AC Energy plans asset swap, SRO to raise capital for expansion

By Myrna M. Velasco – August 19, 2019, 10:00 PM from Manila Bulletin AC Energy Philippines Inc. which stands as the new energy investment growth platform of the Ayala group is planning to undertake a combination of asset swap and […]
August 19, 2019

23 gencos pitch offers to supply Meralco power needs via CSP

By Lenie Lectura – August 19, 2019 from Business Mirror THE Manila Electric Co. (Meralco) has received a total of 23 offers from power generation companies that are interested to supply the utility firm’s power requirements via competitive selection process (CSP). […]
August 19, 2019

3 energy giants vie for Meralco’s 1,200MW greenfield capacity

By Myrna M. Velasco – August 18, 2019, 10:00 PM from Manila Bulletin Three of the country’s major energy firms are advancing interests to join the competitive selection process (CSP) for the 1,200-megawatt (MW) greenfield baseload capacity that power utility […]
August 19, 2019

DOE extends license for Tanglawan’s US$2.0-B LNG project

By Myrna M. Velasco – August 17, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) has extended for six months the notice-to-proceed (NTP) or the license of the proposed US$2.0 billion liquefied natural gas (LNG) ventures of […]
August 17, 2019

Sulu Sea Energy close to bagging exploration deal

By Alena Mae S. Flores – August 16, 2019 at 08:40 pm from manilastandard.net The Department of Energy will evaluate for 15 days the offer of Sulu Sea Energy Resources Development Corp. to explore for oil and gas in the […]
August 17, 2019

Malampaya operations to continue beyond 2024 – DOE

By Myrna M. Velasco – August 16, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) has advance notice that the multi-billion Malampaya deep water gas-to-power project will continue operating beyond the 2024 contract lapse with its original […]
August 16, 2019

First Gen 6-month net income at P8.2 billion, up 36% from P5.9 billion

By Lenie Lectura – August 16, 2019 from Business Mirror LOPEZ-LED First Gen Corp. (First Gen) posted an P8.2-billion recurring net income attributable to shareholders of the parent in the first six months of the year, up 36 percent from […]
August 16, 2019

DOE steps up efforts to end Palawan power woes

Philippine Daily Inquirer / 05:00 AM August 05, 2019 The light at the end of the tunnel is now in sight for the long-suffering residents of Palawan following efforts of the Department of Energy (DOE) to ramp up support for […]