Power News

May 9, 2018

EDC Q1 earnings dropped 54% to P1.5B

By Lenie Lectura – May 8, 2018 from Business Mirror THE Energy Development Corp. (EDC) vowed to increase the efficiency and reliability of its assets after the company reported a 54-percent drop in first-quarter earnings on Tuesday. Net income for the […]
May 8, 2018

Siemens eyes power generation venture (To serve PH industrial zones)

By Myrna M. Velasco – Updated May 7, 2018, 10:24 PM from Manila Bulletin BERLIN, Germany – Siemens AG, which is generally into supplying turbines and turnkey contractor of energy plants, is eyeing this time to venture into power generation, […]
May 8, 2018

8 firms vie for Malaya plant O&M contract

By Myrna M. Velasco – Updated May 7, 2018, 12:46 PM from Manila Bulletin At least eight firms have advanced interest on the operation and maintenance (O&M) deal for the 650-megawatt Malaya thermal power facility that state-run Power Sector Assets […]
May 8, 2018

Semirara Mining top exec sees 20% drop in power output in January-March 2018

By Lenie Lectura – May 7, 2018 from Business Mirror SEMIRARA Mining and Power Corp. (SMPC) sees a decline in energy output in the first quarter of the year, mainly on account of plant-outage incidents. “I don’t know exactly how […]
May 7, 2018

Meralco seeking ERC okay for P21.46-B capex in 2019

By Lenie Lectura – May 6, 2018 from Business Mirror THE Manila Electric Co. (Meralco) is seeking regulatory approval for its 2019 capital expenditures (capex) in the amount of P21.46 billion. In its eight-page application filed before the Energy Regulatory […]
May 5, 2018

Energy projects top BoI-approved investment list

May 3, 2018, 9:45 PM from Business World ENERGY was the top sector for investment proposals approved by Board of Investments (BoI) in the four months to April, the agency said. In a statement Thursday, the BoI said the four […]
May 4, 2018

Aboitiz Equity Q1 earnings up 3% at P4.8B

By Jordeene Sheex Lagare – May 4, 2018 from The Manila Times ABOITIZ Equity Ventures Inc. (AEV) said its consolidated net income rose 3 percent to P4.8 billion in the first three months of the year against P4.7 billion a […]
May 4, 2018

Senator warns vs monopoly in LNG sector

By Alena Mae S. Flores – May 02, 2018 at 07:35 pm from manilastandard.net Senator Sherwin Gatchalian on Wednesday cautioned the Energy Department against creating a monopoly in the country’s emerging liquefied natural gas industry. “Inadvertently, we are creating a […]
May 3, 2018

DOE lists substations suitable to take in new power plant capacity

By Victor V. Saulon – 29 April 2018 From Business World THE Department of Energy (DoE) has listed 14 areas with newly built substations to guide would-be power plant developers hoping to connect to the transmission system. “These recommended connection […]
May 3, 2018

Delays hit supercritical coal power plant

By Lenie Lectura – May 2, 2018 from Business Mirror THE construction of the country’s first coal-fired power plant to use supercritical technology has been stalled by a few months, an official of Meralco PowerGen Corp. (MGen) said. San Buenaventura […]