Power News

November 17, 2018

First Gen posts 45% income rise to $180 M

By Myrna M. Velasco – November 16, 2018, 10:00 PM from Manila Bulletin Owing it primarily to the earnings upturn of its gas business segment, the recurring earnings of Lopez firm First Gen Corporation had been on robust climb of […]
November 17, 2018

Meralco’s Singapore gas facilities start contributing to parent profits

By Myrna M. Velasco – November 16, 2018, 10:00 PM from Manila Bulletin After years of lackluster financial performance, the gas-fired power assets of Manila Electric Company (Meralco) in Singapore already started bringing in considerable level of profitability to the […]
November 17, 2018

Ayala energy unit may bid for IPP contracts

By Alena Mae S. Flores – November 16, 2018 at 08:35 pm from manilastandard.net AC Energy Inc., a unit of Ayala Corp., may join the planned privatization of the government’s remaining independent power producer contracts scheduled next year. “We’ll probably […]
November 16, 2018

Floating solar facility to be put up in Laguna Lake

By Danessa Rivera – November 16, 2018 – 12:00am from The Philippine Star MANILA, Philippines — Local solar developer Sun-Asia Energy has teamed up with French company Ciel & Terre to install a floating solar facility in Laguna Lake, the […]
November 16, 2018

First Gen’s natural gas business sizzles

By Lenie Lectura – November 16, 2018 from Business Mirror LOPEZ-LED First Gen Corp. on Thursday posted a 45-percent increase in recurring net income attributable to equity holders of the parent at $180 million (or P9.4 billion) from January to September this […]
November 16, 2018

P9.5-billion NGCP transmission line seen to decongest other substations for NCR

By Lenie Lectura – November 15, 2018 from Business Mirror A P9.5-BILLION transmission line project proposed by the National Grid Corp. of the Philippines (NGCP) will help decongest other substations servicing Metro Manila and improve the reliability of the transmission system. The grid operator […]
November 15, 2018

Smooth transition of Panay Electric operation assured

By Alena Mae S. Flores – November 14, 2018 at 07:50 pm from manilastandard.net The Energy Department and the Energy Regulatory Commission assured a smooth transition to prevent a citywide blackout when Panay Electric Co.’s franchise expires on Jan. 19, […]
November 15, 2018

MRC Allied eyes 4 MW of solar rooftop projects

By Alena Mae S. Flores – November 13, 2018 at 07:20 pm from manilastandard.net Listed MRC Allied Inc. said it aims to develop at least four megawatts of photovoltaic rooftop projects after initially securing contracts to energize two rice mills […]
November 15, 2018

Malaya plant privatization bid entices more investors

By Lenie Lectura – November 14, 2018 from Business Mirror THE privatization of Malaya Thermal Power Plant (MTPP) has attracted additional investors, according to Power Sector Assets and Liabilities Management (Psalm) Corp. President Irene Joy B. Garcia. “For Malaya, we now have […]
November 14, 2018

Accelerating the uptake of renewable energy through the Green Energy Option Program

By Marlon Apanada – November 13, 2018 | 9:09 pm from Business World AFFORDABLE ENERGY is a precursor to economic growth, which is of particular importance given our country’s current situation: we are facing energy supply challenges while paying for […]