Power News

May 3, 2019

PSALM pays P7.8-million damages from power-barge oil spill

By Lenie Lectura – May 3, 2019 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) disbursed P340,428 worth of indemnities, bringing to P7.8 million the total compensation to individuals, families and enterprises affected by the Power […]
May 2, 2019

Ayala to keep PHINMA Energy a listed firm

By Madelaine B. Miraflor – May 1, 2019, 10:00 PM from Manila Bulletin As it mulls the possibility of going public, AC Energy, the power unit of Philippines-based conglomerate Ayala Corporation, is keeping PHINMA Energy Corporation (PHEN) as a listed […]
May 2, 2019

First Gen to break ground on US$1.0-B LNG terminal project

By Myrna M. Velasco – May 1, 2019, 10:00 PM from Manila Bulletin After years of pre-development works, the planned US$1.0- billion liquefied natural gas (LNG) terminal project of First Gen Corporation will finally break ground as targeted by the […]
May 2, 2019

PHL’s first coal-fired plant with supercritical tech to be completed by September

By Lenie Lectura – May 2, 2019 from Business Mirror THE country’s first coal-fired power plant to use supercritical technology is on track for completion in September this year. “San Buenaventura Power Ltd. (SBPL) is at 99.29-percent EPC (engineering, procurement, construction) […]
May 1, 2019

Meralco commits to develop solar projects by 2020

By Alena Mae S. Flores – April 30, 2019 at 07:20 pm from manilastandard.net Manila Electric Co. through power unit Meralco PowerGen Corp. has committed to develop 224 megawatts of solar power facilities by 2020. “Recognizing the role of renewable […]
May 1, 2019

SC asked to declare directive on Meralco bill deposit illegal

By Kristine Joy Patag – April 30, 2019 from The Philippine Star MANILA, Philippines — The Makabayan bloc on Tuesday challenged the legality of an Energy Regulatory Commission directive that allowed Meralco to collect bill deposits before the Supreme Court. […]
April 30, 2019

Malampaya consortium secures P146.8-B award in arbitration case

By Myrna M. Velasco – April 29, 2019, 10:00 PM from Manila Bulletin The members of the Service Contract (SC) 38 consortium in the multi-billion Malampaya deep-water gas to power project secured “partial award” of P146.8 billion in the income […]
April 30, 2019

Vivant lines up 3 JV projects to ease brownouts in Palawan

By Myrna M. Velasco – April 29, 2019, 10:00 PM from Manila Bulletin Garcia-led Vivant Corporation is lining up at least three joint venture power projects that are primarily intended to ease the brownout woes of Palawan consumers. The JV […]
April 30, 2019

Meralco net income in first quarter up 7% to P5.67 billion

By Lenie Lectura – April 30, 2019 from Business Mirror The Manila Electric Co. (Meralco) posted a 7-percent increase in net income for the first three months of the year to P5.67 billion, from P5.31 billion in the same period […]
April 29, 2019

DoE warns power firms amid outages

By Alena Mae S. Flores – April 28, 2019 at 07:00 pm from manilastandard.net The Department of Energy warned power generators it will not tolerate activities that amount to anti-competitive behaviour or non-compliance with the reportorial requirements during outages. “Considering […]