Power News

August 15, 2019

DoE to evaluate 3 exploration bids, warns participating firms to meet qualifying requirements

By Victor V. Saulon – August 14, 2019 | 10:42 pm from Business World The Malampaya deep water gas-to-power project — BW FILE PHOTO THE Department of Energy (DoE) has warned three entities which nominated areas to explore for possible petroleum […]
August 15, 2019

Most power co-ops earn NEA’s top rating in 2018

By Victor V. Saulon – August 14, 2019 | 10:38 pm from Business World PHILSTAR THE National Electrification Administration (NEA) said Wednesday that 87 of the country’s 121 electric cooperatives (ECs) were classified as triple-A rated, the highest possible grade, […]
August 15, 2019

PEMC operator: We complied with ERC 1.77-billion refund order

By Lenie Lectura – August 15, 2019 from Business Mirror THE Philippine Electricity Market Corp. (PEMC)/Market Operator said Wednesday it has complied with the refund order of the Energy Regulatory Commission (ERC). “We are rectifying the misallocation of the NSS […]
August 15, 2019

Alsons posts H1 net income of P293 million, cites Sarangani Energy contribution

By Lenie Lectura – August 15, 2019 from Business Mirror ALSONS Consolidated Resources Inc. (ACR) posted P293.08 million in net income from January to June this year, higher than the P120.38 million it recorded in the same period a year […]
August 14, 2019

Will AC Energy Philippines stay listed?

By Emeterio SD. Perez – August 14, 2019 from The Manila Times Phinma Energy Corp. common shares hit a 30-day high of P2.85 each on July 24, 2019 and a month’s low of P2.20 on July 5, 2019. On Aug. […]
August 14, 2019

Semirara earned P6b in first half

By Alena Mae S. Flores – August 13, 2019 at 07:15 pm from manilastandard.net Semirara Mining and Power Corp. on Tuesday reported a 26-percent decline in net income to P6 billion from P8.1 billion in the same period last year […]
August 14, 2019

UPC/AC buys into Australia’s Baroota

By Lenie Lectura – August 14, 2019 from Business Mirror UPC\AC Renewables Australia, the partnership between AC Energy Inc. and UPC Renewables of Australia, is acquiring a 51-percent interest in the Baroota Pumped Hydro and the Bridle Track Solar Farm […]
August 14, 2019

‘PSE may operate WESM if operator fails to do its job’

By Lenie Lectura – August 13, 2019 from Business Mirror THE Philippine Stock Exchange (PSE) may operate the Wholesale Electricity Spot Market (WESM) if the current market operator fails to perform its duties, Energy Secretary Alfonso Cusi said recently. “Iemop […]
August 13, 2019

Power cooperatives seek new mandate for NEA

By Victor V. Saulon – August 12, 2019 | 10:11 pm from Business World ELECTRIC cooperatives are pushing for greater autonomy for the industry by supporting a move to give the National Electrification Administration (NEA) greater budgetary leeway through a […]
August 13, 2019

PSALM resets bidding for Malaya Thermal Power Plant, land asset

By Lenie Lectura – August 13, 2019 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) has pushed back the bidding for the 650-megawatt (MW) Malaya Thermal Power Plant (Malaya TPP) and its underlying land. The bidding […]