Power News

February 13, 2019

IFC sets investment anchor to Ayala Energy’s offshore reg’l expansion

By Myrna M. Velasco – February 12, 2019, 10:00 PM from Manila Bulletin Multilateral lending agency International Finance Corporation (IFC) of the World Bank group has provided investment anchor to the wide-ranging offshore regional expansion that the Ayala Energy investment […]
February 13, 2019

JCPC sets review of electric cooperatives

By Myrna M. Velasco – February 12, 2019, 10:00 PM from Manila Bulletin The Joint Congressional Power Commission (JCPC) is inclined to initiate a review on the performance of the electric cooperatives (ECs) – since the oversight power of the […]
February 13, 2019

Election-hitched plant shutdowns may trigger power rate hikes anew

By Myrna M. Velasco – February 12, 2019, 10:00 PM from Manila Bulletin The hitches to be triggered by the forthcoming May 2019 elections on the scheduling of power plant shutdowns in the country may spark off electricity rate hikes […]
February 12, 2019

Metro Pacific poised to bag P22-b Payatas waste-to-energy deal

By Jenniffer B. Austria – February 11, 2019 at 08:10 pm from manilastnadard.net A consortium led by Metro Pacific Investments Corp. is expected to bag a P22-billion waste-to-energy project in Payatas, Quezon City. The local government of Quezon City did […]
February 12, 2019

AC Energy inks deal on Phinma Energy stake

By Jordeene B. Lagare – February 12, 2019 from The Manila Times AC Energy Inc., the energy platform of Ayala Corp., has signed an investment agreement with Phinma Corp. on buying the latter’s 26.25-percent stake in subsidiary Phinma Energy Corp. […]
February 12, 2019

DOE keenly watching NGCP’s MVIP project

By Lenie Lectura – February 12, 2019 from Business Mirror THE Department of Energy (DOE) is closely monitoring the progress of the multibillion peso Mindanao-Visayas Interconnection Project (MVIP) of the National Grid Corp. of the Philippines (NGCP). “We are monitoring […]
February 11, 2019

Ayala eyes buyout of Japanese partner in Batangas power project

By Myrna M. Velasco – February 10, 2019, 10:00 PM from Manila Bulletin The energy investment arm of the Ayala group is weighing its options on the possibility of buying out the 20-percent equity of a Japanese firm-partner in the […]
February 11, 2019

Utilities collected P26-B customers’ bill deposits

By Myrna M. Velasco – February 10, 2019, 10:00 PM from Manila Bulletin The country’s distribution utilities (DUs) have collected as much as P26.28 billion worth of bill deposits from customers as of January this year, prompting the Energy Regulatory […]
February 10, 2019

Malampaya fund to retire PSALM debts (Consumers unburdened of universal charges)

By Myrna M. Velasco – February 9, 2019, 10:00 PM from Manila Bulletin The universal charges on stranded debts and stranded contract costs in the electric bills of Filipino consumers will soon disappear, with Congress already tapping the use of the […]
February 10, 2019

Vires Energy pushes LNG power project

By Alena Mae S. Flores – February 08, 2019 at 08:40 pm from manilastandard.net Vires Energy Corp. is set to formalize its plan to put up a liquefied natural gas project in Batangas through the filing of a notice to […]