Power News

January 10, 2019

MGI secures COC extension for Batangas Maibarara station

By Lenie Lectura – January 10, 2019 from Business Mirror MAIBARARA Geothermal Inc. (MGI) has secured an extension of a Certificate of Compliance (COC) for its 20-megawatt (MW) Maibarara-1 power station in Santo Tomas, Batangas. It said Wednesday that its application for the […]
January 9, 2019

Meralco says electricity rates to fall P0.34 per kWh in January

By Alena Mae S. Flores – January 08, 2019 at 07:45 pm from manilastandard.net Electricity rates will decline P0.3418 per kilowatt-hour in January on lower cost of power generation, according to Manila Electric Co. Meralco said the rate would translate […]
January 9, 2019

Filinvest’s power unit, Apex renew supply agreement

By Alena Mae S. Flores – January 08, 2019 at 07:15 pm from manilastandard.net FDC Misamis Power Corp. of the Gotianun Group and Apex Mining Corp. renewed their electric power purchase agreement covering five megawatts for another five years. FDC […]
January 9, 2019

Dennison makes P40.29-million down payment to PXP

By Lenie Lectura – January 9, 2019 from Business Mirror DENNIS Uy’s Dennison Holdings Corp. made a P40.29-million down payment to PXP Energy Corp. pursuant to their amended subscription agreement signed last December. On Tuesday, PXP informed the stock exchange […]
January 9, 2019

DOE receives 4th application for LNG facility in Philippines

By Lenie Lectura – January 8, 2019 from Business Mirror THE Department of Energy (DOE) has received a fourth application to build a liquefied natural gas (LNG) facility in the country. US floating LNG player Excelerate Energy has filed an […]
January 9, 2019

TMO serves notice to disconnect from electricity supply system

By Lenie Lectura – January 8, 2019 from Business Mirror THERMA Mobile Inc. (TMO) has decided to cease participation in the electricity-trading market. The unit of Aboitiz Power Corp. (AboitizPower) said on Monday it notified the Manila Electric Co. (Meralco) […]
January 8, 2019

US company joins race to build billion-dollar LNG import terminal

By Myrna M. Velasco – January 7, 2019, 10:00 PM from Manila Bulletin Texas-headquartered Excelerate Energy L.P. is the latest addition to the race for the liquefied natural gas (LNG) import terminal venture that the Philippine government has been pursuing […]
January 8, 2019

Aboitiz shuts 242-MW diesel plant in Navotas

By Alena Mae S. Flores – January 07, 2019 at 08:50 pm from manilastandard.net Aboitiz Power Corp. said subsidiary Therma Mobile Inc. decided to mothball a 242-megawatt bunker C-fired diesel power plant in Navotas City after it failed to secure […]
January 7, 2019

100MW Subic solar plant connects to Luzon grid

By Myrna M. Velasco – January 6, 2019, 10:00 PM from Manila Bulletin The 100-megawatt peak (MWp) Subic solar farm of Filipino firm Jobin-SQM, Inc. (JSI) has been authorized to connect and wheel its capacity to the Luzon grid via […]
January 7, 2019

ERC approves WESM operator’s loan refinancing

By Myrna M. Velasco – January 6, 2019, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has approved the application of Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) for a new loan that it could utilize […]