Power News

August 11, 2018

MGen says in talks with ADB, WB to construct merchant power plants

By Victor V. Saulon – August 10, 2018 | 12:05 am from BusinessWorld MERALCO PowerGen Corp. (MGen) is in talks with multilateral lending agencies for a possible partnership in building merchant power plants to test the financing market that has […]
August 11, 2018

Semirara income jumps to P8.1 billion

By Myrna M. Velasco – August 10, 2018, 10:00 PM from Manila Bulletin he consolidated net income after tax of Semirara Mining and Power Corporation (SMPC) had climbed to P8.1 billion in this year’s first half compared to the leaner […]
August 10, 2018

ADB evaluating for PNOC CNOOC’s LNG project proposal

By Myrna M. Velasco – August 9, 2018, 10:00 PM from Manila Bulletin The Asian Development Bank (ADB), which is the transaction advisor of state-run Philippine National Oil Company (PNOC) in tapping a strategic partner for its liquefied natural gas […]
August 10, 2018

PSALM‘s universal charge collections reach P140 billion

By Myrna M. Velasco – August 10, 2018, 12:31 AM from Business Mirror Collections of universal charges from Filipino consumers via the electric bills already soared to P140.17 billion as of the latest reckoning date this year, according to data […]
August 10, 2018

PSALM names 2 sites to privatize this year

By Lenie Lectura – August 9, 2018 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) has identified two real-estate assets it intends privatize late this year or early-2019. PSALM President Irene Joy Besido-Garcia said the agency […]
August 9, 2018

EDC board okays delisting of shares after tender offer

By Alena Mae S. Flores – August 08, 2018 at 07:00 pm from manilastandard.net The board of Energy Development Corp. approved the company’s plan to voluntarily delist its common shares from the Philippine Stock Exchange as public ownership is expected […]
August 8, 2018

Meralco announces slight power rate hike

By Alena Mae S. Flores – August 07, 2018 from manilastandard.net Electricity rates posted a slight increase in August on higher fuel prices, retailer Manila Electric Co. said Tuesday. Meralco said the average power rate increased P0.0265 per kilowatt-hour to […]
August 7, 2018

PNOC may schedule a rebid of ‘banked gas’

By Myrna M. Velasco – August 6, 2018, 10:00 PM from Manila Bulletin State-run Philippine National Oil Company (PNOC) is opting to rebid its “banked gas” following the last round of auction that just cornered a solo tender. PNOC logo […]
August 7, 2018

PSALM to sell Malaya thermal plant ‘as is, where is’

By Lenie Lectura – August 6, 2018 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) Board has decided to sell the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) on an “as is, where is” basis, scrapping […]
August 7, 2018

Meralco, DoTr allot P14.155 billion to relocate 10,342 electric posts

By Lenie Lectura – August 6, 2018 from Business Mirror THE Manila Electric Co. (Meralco) and the Department of Transportation (DoTr) are allocating P14.155 billion to relocate 10,342 electric posts to give way for the government’s various infrastructure projects. “Our […]