Power News

May 2, 2024

Meralco to tap spot market for 260-MW peaking supply

By Alena Mae S. Flores – May 1, 2024, 7:50 pm from manilstandard.net Power retailer Manila Electric Co. plans to source its 260-megawatt peaking capacity requirement from the Wholesale Electricity Spot Market, where prices are more volatile due to lack […]
May 2, 2024

Aboitiz Power unit to invest $1b in LNG complex

By Alena Mae S. Flores – April 30, 2024, 7:45 pm from manilastandard.net Aboitiz Power Corp. subsidiary Therma Quezon Energy Inc. (TQE) proposed to develop a 1,310-megawatt combined cycle gas power plant (CCPT) in Pagbilao, Quezon and a liquefied natural […]
May 2, 2024

AboitizPower’s solar plant adds new capacity to the grid amid tight supply

By Alena Mae S. Flores – April 30, 2024, 7:25 pm from manilastandard.net Aboitiz Renewables Inc. (ARI), the renewable energy (RE) arm of Aboitiz Power Corp., said Tuesday the timely testing and commissioning of the 159-megawatt peak (MWp) Laoag Solar […]
April 30, 2024

Higher power demand seen in May

By Alena Mae S. Flores – April 29, 2024, 9:00 pm from manilastandard.net Power demand could further increase in May after it reached a peak of 9,301 megawatts on April 24, surpassing the 2024 and 2025 forecasts, the country’s largest […]
April 30, 2024

Meralco looking at P40-b core net income this year

By Alena Mae S. Flores – April 29, 2024, 7:35 pm from manilastandard.net Manila Electric Co. (Meralco) is looking at full-year consolidated core net income of P40 billion in 2024, as first-quarter income climbed 11 percent to P10.1 billion on […]
April 29, 2024

NexGen eyeing IPO to fund RE projects

By Alena Mae S. Flores – April 28, 2024, 8:45 pm from manilastandard.net NexGen Energy Corp., a wholly-owned subsidiary of Pure Energy Holdings Corp. (PEHC) said over the weekend it is preparing for an initial public offering (IPO) to raise […]
April 29, 2024

Ayala unit seeking partners to derisk two energy projects

By Alena Mae S. Flores – April 28, 2024, 8:10 pm from manilastandard.net Listed Ayala-owned Enex Energy Corp. said over the weekend it is looking for partners for Service Contract 55 in the West Philippine Sea and its 1,100-megawatt combined-cycle […]
April 27, 2024

Meralco-Limay power supply deal to save P8b

By Alena Mae S. Flores – April 26, 2024, 9:25 pm from manilastandard.net Power retailer Manila Electric Co. and San Miguel Corp.’s power unit Limay Power Inc. are asking the Energy Regulatory Commission to provisionally approve their 400-megawatt power supply […]
April 27, 2024

NGCP conducts blackout drill to prepare for massive power outages

By Alena Mae S. Flores – April 26, 2024, 9:20 pm from manilastandard.net Grid and transmission network operator National Grid Corp. of the Philippines (NGCP) said it conducted its annual blackout drills to further sharpen its plans and improve grid […]
April 26, 2024

Over 4,000 MW of supply set to come online

By Alena Mae S. Flores – April 25, 2024, 9:00 pm from manilastandard.net The Department of Energy (DOE) said Thursday said at least 4,164.92 megawatts (MW) of power projects will come online this year to augment the country’s energy infrastructure […]