Power News

August 31, 2024

A Brown unit drops Batangas LNG terminal

By Alena Mae S. Flores – August 30, 2024, 8:15 pm from manilastandard.net A Brown Company Inc.’s (ABCI) subsidiary Vires Energy Corp. notified the Department of Energy on Friday that it is withdrawing its plan to build a liquefied natural […]
August 31, 2024

Aboitiz pushes investment-friendly policies to boost renewables adoption

By Alena Mae S. Flores – August 30, 2024, 7:50 pm from manilastandard.net Aboitiz Power Corp. is pushing for an investment-friendly environment to foster the progress of renewable energy projects and help boost its adoption. AboitizPower chief investment officer Joseph […]
August 30, 2024

Meralco: 6 power gencos to join auction for supply deal

By Lenie Lectura – August 30, 2024 from Business Mirror Six power generation companies (gencos) have formally expressed interest to supply 400-megawatts (MW) of mid-merit capacity to the Manila Electric Co. (Meralco) for 15 years. During the pre-bid conference held […]
August 30, 2024

100% electrification to inject P315b to economy

By Alena Mae S. Flores – August 29, 2024, 7:45 pm from manilastandard.net Energy Secretary Raphael Lotilla said Thursday electric cooperatives (ECs) are crucial to meeting the government’s 100-percent electrification goal by 2028. “You are the driving force behind bringing […]
August 30, 2024

ERC strengthens rules on customer choice programs

By Alena Mae S. Flores – August 29, 2024, 7:40 pm From manilastandard.net The Energy Regulatory Commission (ERC) released the omnibus rules on consumer choice program in the retail electricity market to drive competition and empower consumers. The consumer choice […]
August 30, 2024

Energy storage integration in RE capacity auction to hike bid rates by P5-P6/kWh

LNG capacity tendering will be treated as ancillary services By Myrna M. Velasco – Aug 29, 2024 12:03 PM from Manila Bulletin At a glance The parallel auction for liquefied natural gas (LNG) capacity in GEA-4 shall be for ancillary […]
August 29, 2024

S&P upgrades Meralco rating on strong profit

By Manila Standard Business – August 28, 2024, 7:15 pm S&P Global Ratings raised the long-term credit trading of Manila Electric Co. (Meralco) amid its continued financial strength. S&P said it expects Meralco to maintain strong financial ratios despite heavy […]
August 29, 2024

Gov’t eyes ADB financing to accelerate energy efficiency, conservation program

By Alena Mae S. Flores – August 28, 2024, 6:50 pm from manilastandard.net Asian Development Bank The Department of Energy (DOE) will need P10 billion over a five-year period starting 2026 to finance the accelerated implementation of the Government Energy […]
August 28, 2024

ACEN, Barito Renewables forge exclusive partnership

By Lenie Lectura – August 28, 2024 from Business Mirror ACEN Corp. and PT Barito Renewables Energy Tbk (Barito Renewables) announced Tuesday that they forged an exclusive partnership to hasten the development of wind renewable energy (RE) projects across Indonesia. […]
August 28, 2024

SMC, Aboitiz units submit ‘best bids’ for 600-MW Meralco supply

By Alena Mae S. Flores – August 27, 2024, 8:20 pm from manilastandard.net Masinloc Power Co. Ltd. (MPCL) of San Miguel Corp. and GNPower Dinginin Ltd. Co. (GNPD) of Aboitiz Power Corp. offered the “possible best bids” for Manila Electric […]