Power News

July 29, 2019

PERC’s RE unit setting aside P2.7B for PetroGreen’s solar, wind portfolio

By Lenie Lectura – July 29, 2019 from Business Mirror THE renewable-energy (RE) unit of PetroEnergy Resources Corp. (PERC) is allotting as much as P2.7 billion to expand the solar and wind portfolio of PetroGreen Energy Corp. PetroGreen Vice President […]
July 29, 2019

PXP Energy firming up $6-B investment for Recto Bank gas prospect

By Myrna M. Velasco – July 27, 2019 from Manila Bulletin PXP Energy Corporation is firming up to US$6.0 billion worth of investments from the time it is finally allowed to resume exploration activities at the Recto Bank and that […]
July 27, 2019

Phinma Energy relinquishes stake in Mabini Geothermal

By Danessa Rivera – July 27, 2019 – 12:00am from The Philippine Star MANILA, Philippines — Phinma Energy Corp. is relinquishing its participating stake in the Mabini Geothermal Service Contract (GSC) to its partner Basic Energy Corp. (BEC), a year […]
July 27, 2019

Meralco taps 3rd party to manage its power supply procurements

By Myrna M. Velasco – July 26, 2019, 10:00 PM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) has already formed the five-man third party bids and awards committee (TPBAC) that will carry out the competitive selection process […]
July 27, 2019

AC Energy set to transfer stake in Lanao plant

By Alena Mae S. Flores – July 26, 2019 at 09:00 pm from manilastandard.net AC Energy Inc. signed an agreement to transfer its indirect ownership interest in the 540-megawatt, coal-fired power project in Kauswagan, Lanao del Norte to Power Partners […]
July 26, 2019

ERC seeks reconsideration for 105 PSAs invalidated by CSP ruling of High Court

By Myrna M. Velasco – July 25, 2019, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC), in collaboration with the Office of the Solicitor General (OSG), had filed a motion for reconsideration with the Supreme Court (SC) en […]
July 26, 2019

EU allots 2.2m euros for off-grid project

By Alena Mae S. Flores – July 25, 2019 at 07:10 pm from manilastandard.net The European Union allocated 2.2 million euros (P120 million) for a project that will energize off-grid communities in Cebu, Bohol and Palawan through solar energy to […]
July 26, 2019

PetroWind set to invest P1.4b to expand Nabas wind project

By Alena Mae S. Flores – July 25, 2019 at 07:35 pm from manilastandard.net Nabas, Aklan―PetroWind Energy Inc., the wind power arm of publicly-listed PetroEnergy Resources Corp., plans to invest P1.4 billion to expand the output of Nabas Wind Farm […]
July 26, 2019

Govt urged to lower reliance on coal energy

By Alena Mae S. Flores – July 24, 2019 at 07:35 pm from manilastandard.net Energy and environmental think tank Center for Energy, Ecology and Development on Wednesday asked President Rodrigo Duterte and his administration to come up with an executive […]
July 25, 2019

Phinma set to increase capital base to P24.4b

By Alena Mae S. Flores – July 24, 2019 at 07:25 pm from manilastandard.net Phinma Energy Corp., which will be renamed AC Energy Philippines Inc., said Wednesday it will increase its capital stock to P24.4 billion to finance planned investments […]