Power News

August 28, 2024

SPC Power signs deal to sell stake in BLCI to Prime electric

By Alena Mae S. Flores – August 27, 2024, 7:30 pm from manilastandard.net SPC Power Corp. executed a share purchase agreement for the sale of its 39.9-percent interest in Bohol Light Co. Inc. to businessman Enrique Razon Jr.’s Primelectric Holdings […]
August 27, 2024

First Gen eyeing income boost this year with add’l revenues from geothermal assets

BY Myrna M. Velasco – Aug 26, 2024 02:11 PM from Manila Bulletin At a glance The latest project of its subsidiary Energy Development Corporation (EDC) that reached commercial operations in July had been its 28.9MW Palayan binary geothermal facility […]
August 27, 2024

ERC clarifies ‘longstop date’ in PSAs

By Lenie Lectura – August 27, 2024 from Business Mirror The Energy Regulatory Commission (ERC) has cautioned power generation companies against seeking for a termination of their power supply agreement (PSA) earlier than the prescribed period stated under relevant laws […]
August 26, 2024

DOE endorsed 12 power projects for system impact study to NGCP in July

By Alena Mae S. Flores – August 25, 2024, 7:45 pm from manilastandard.net The Department of Energy (DOE) endorsed 12 projects for system impact study by the National Grid Corp. of the Philippines (NGCP) in July, bringing the total endorsed […]
August 26, 2024

Meralco deploys students to US, China to study nuclear energy

By Alena Mae S. Flores – August 25, 2024, 8:55 pm from manilastandard.net Power retailer Manila Electric Company (Meralco) said it enlisted foreign universities from the United States and China as knowledge partners for its nuclear energy push. Meralco said […]
August 26, 2024

ERC rules: ‘Longstop date’ is no longer valid as ground for PSA termination

BY Myrna M. Velasco – Aug 24, 2024 11:45 AM from Manila Bulletin At a glance The ERC stated that the acceptable grounds for PSA termination shall only be anchored on conditions such as: bankruptcy or insolvency of the GenCo; […]
August 24, 2024

First Gen seals new power supply deal on RE-leaning solution for Arthaland

BY Myrna M. Velasco – Aug 24, 2024 09:47 AM from Manila Bulletin At a glance In the wide runway toward achieving genuine green credentials, a major strategic approach for corporations will be shift in energy usage to clean solutions […]
August 24, 2024

DOE proposes perks to boost oil exploration

By Alena Mae S. Flores – August 23, 2024, 8:35 pm from manilastandard.net The Department of Energy (DOE) will propose incentives for upstream activities to spur investor interest in oil and gas exploration in the Philippines. “We need to revitalize […]
August 23, 2024

Malampaya consortium Oks $180M deal to connect wells

By Lenie Lectura – August 23, 2024 from Business Mirror THE Malampaya consortium led by Prime Energy Resources Development BV (Prime Energy) said late Thursday it has awarded a contract valued at $180 million to Allseas Nederland (Brasil) B.V. for […]
August 23, 2024

Gov’t set to award new petroleum, hydrogen service contracts

By Alena Mae S. Flores – August 22, 2024, 8:50 pm from manilastandard.net The Department of Energy (DOE) said it expects strong investor interest in the bidding for petroleum and hydrogen service contracts in Palawan, Visayas, Luzon and the Bangsamoro […]