Power News

July 6, 2018

PSALM cuts liabilities to P466.1 B in 2017

By Myrna M. Velasco – July 6, 2018, 12:17 AM from Manila Bulletin Amid the falling value of the Philippine peso and continued snag on its privatization of power assets, Power Sector Assets and Liabilities Management Corporation (PSALM) was able […]
July 6, 2018

Palace intervention sought over DOE-ERC turf rivalry on power supply contracting

By Myrna M. Velasco – July 4, 2018, 10:43 PM from Manila Bulletin The aggrupation of the country’s renewable energy (RE) project developers is formally seeking the intervention of Executive Secretary Salvador C. Medialdea on the “escalating turf war” of […]
July 6, 2018

ERC gives gencos, DUs 6 more months to sell 15% of shares

By Lenie Lectura – July 5, 2018 from Business Mirror THE Energy Regulatory Commission (ERC) has extended the compliance period within which power- generation companies (gencos) and distribution utilities (DUs) should sell a portion of their shares. In a resolution, the […]
July 6, 2018

2 firms keen on buying Malampaya gas

By Lenie Lectura – July 4, 2018 from Business Mirror AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas. Philippine National Oil Co. (PNOC) Executive […]
July 4, 2018

Gov’t to sell Napocor complex in Quezon City

By Myrna M. Velasco – July 3, 2018, 11:00 PM from Manila Bulletin The Philippine government, through the Department of Finance (DOF), has started strategizing on a divestment plan for the real estate complex housing state-run National Power Corporation (Napocor) […]
July 4, 2018

Tight supply, weak peso to raise power rates in July

By Alena Mae S. Flores – July 03, 2018 at 07:40 pm from manilastandard.net Power rates in the franchise area of Manila Electric Co. may go up in July because of the tight power supply that led to power outages […]
July 3, 2018

DOE: LNG terminal considered as ‘energy project of nat’l significance’

By Myrna Velasco – July 3, 2018, 8:09 AM from Manila Bulletin The Department of Energy (DOE) has indicated that investment in the targeted liquefied natural gas (LNG) import terminal for the country will be a prime candidate for certification […]
July 3, 2018

DoE clears power firms to conduct grid studies

By Alena Mae S. Flores – July 02, 2018 at 07:15 pm from manilastandard.net The Department of Energy in the first four months of 2018 allowed power generating companies with a proposed combined output of 1,458.52 megawatts to conduct grid […]
July 3, 2018

SMC to join auction for Malampaya gas reserves

By Alena Mae S. Flores – July 02, 2018 at 07:50 pm from manilastandard.net Conglomerate San Miguel Corp. expressed interest to bid for Philippine National Oil Co.’s banked gas from the Malampaya natural gas project in northwest Palawan, its top […]
July 2, 2018

New entity to handle electricity spot market

By Jordeene Sheex Lagare – July 2, 2018 from The Manila Times A new independent entity created to operate the country’s energy spot market is targeting to take over operations of the Wholesale Electricity Spot Market (WESM) by next month. […]