Power News

February 9, 2019

Govt urged to find investors for Paleco

By Jordeene B. Lagare – February 9, 2019 from The Manila Times INSTEAD of challenging its franchise, Palawan Electric Co. (Paleco) is urging the government to look for potential investors for the electric cooperative (EC). “Rather than challenging its power-distribution […]
February 9, 2019

NEA to also probe co-ops’ performance

By Jordeene B. Lagare – February 8, 2019 from The Manila Times THE National Electrification Administration (NEA) will conduct its own review of the performance of all electric cooperatives (ECs) in the country. “Consistent with its mandate under Republic Act […]
February 9, 2019

Meralco says monthly bill up by at least P114

By Alena Mae S. Flores – February 08, 2019 at 07:50 pm from manilastandard.net Consumers of Manila Electric Co. will pay higher power rates of P0.5682 per kilowatt-hour this month, or equivalent to around P114 in the total monthly bill […]
February 8, 2019

AC Energy eyeing to buy Malaya thermal plant

By Lenie Lectura – February 8, 2019 from Business Mirror AC Energy Inc. is closely reviewing plans on the Malaya Thermal Power Plant which is being sold by the Power Sector Assets and Liabilities Management Corp. (PSALM). “Malaya is right beside […]
February 8, 2019

Senate seeks clear guidelines on review of ECs’ performance

By Myrna M. Velasco – February 7, 2019, 10:00 PM from Manila Bulletin The review on the performance of electric cooperatives (ECs) being initiated by the Department of Energy (DoE) has gotten defensible support from the Senate committee on energy, […]
February 7, 2019

Firm looking for site of CNOOC-Phoenix $2-B LNG projectsNew

By Myrna M. Velasco – February 6, 2019, 10:00 PM from Manila Bulletin An affiliate company of Tanglawan Philippines LNG Inc. is the entity securing the site for the US$2.0 billion worth of liquefied natural gas (LNG) projects being pursued […]
February 7, 2019

AC Energy to get over 50% stake in Phinma Energy

By Lenie Lectura – February 7, 2019 from Business Mirror AC Energy Inc. and Phinma Energy Corp. are set to sign a definitive agreement that will give the power arm of conglomerate Ayala Corp. a 51.48-percent stake in PHEN valued […]
February 7, 2019

Meralco bags deal to supply power to New Clark City

By Lenie Lectura – February 7, 2019 from Business Mirror THE Manila Electric Co. (Meralco) bagged the contract to supply power to New Clark City. “We received the notice of award.  We’re going to comply with those condition precedents so we can […]
February 6, 2019

2 multilateral agencies invest in AC Energy

By Lenie Lectura – February 6, 2019 from Business Mirror FOLLOWING the $225 million worth of green bonds raised last week, AC Energy Inc. announced investments from two large multilateral agencies last Monday night. The power arm of conglomerate Ayala […]
February 6, 2019

Senate, House approve Murang Kuryente bill

By Charmaine A. Tadalan and Camille A. Aguinaldo – February 4, 2019 | 9:59 pm from Business World THE two chambers of Congress on Monday approved on third and final reading the bill proposing to use the government share of […]