Power News

August 15, 2024

Vind Energy wins green-lane privileges for two wind farms

By Justine Irish D. Tabile – August 14, 2024 | 8:42 pm from Business World   THE Board of Investments (BoI) said on Wednesday that it awarded green lane certifications to Vind Energy Corp. for its combined P331 billion worth […]
August 14, 2024

Facing challenges, SPNEC seeks end to power deal

By Lenie Lectura – August 14, 2024 from Business Mirror TRANSMISSION line constraints prompted the Pangilinan-led SP New Energy Corp. (SPNEC) to ask for a termination of the solar power contract awarded by the Department of Energy (DOE) during the […]
August 14, 2024

FGEN sees gas, RE portfolio help attain consumer goals

By Lenie Lectura – August 14, 2024 from Business Mirror FIRST Gen Corp. (PSE: FGEN) announced last Tuesday its gas and renewables portfolio would help large-scale power consumers achieve their sustainability and decarbonization goals. The Lopez-led firm is positioning itself […]
August 14, 2024

Business groups express support for DOE’s balanced energy, coal policy

By Othel V. Campos – August 13, 2024, 6:55 pm from manilastandard.net   Major business groups including the Philippine Chamber of Commerce and Industry (PCCI), the Management Association of the Philippines (MAP) and the Employers Confederation of the Philippines (ECOP) […]
August 13, 2024

Assets acquired in 2023 prop up CREIT net income in H1

By Lenie Lectura and VG Cabuag – August 13, 2024 from Business Mirror Citicore Energy REIT Corp. (CREIT) said its net income rose by 12 percent year-on-year to P693.41 million in January to June due to higher revenues during the […]
August 13, 2024

Alternergy joins PSE industrial index

By Lenie Lectura – August 13, 2024 from Business Mirror Alternergy Holdings Corp. has been included in the industrials index of the Philippine Stock Exchange (PSE) sector indices. “We are thrilled to be added to the PSE’s Industrial Index after […]
August 13, 2024

Geothermal unit pulls down profit of First Gen in H1

By Lenie Lectura – August 13, 2024 from Business Mirror First Gen Corp. (First Gen) reported a 10-percent decline in net income for the first half of the year at $150 million from last year’s $167 million due to lower […]
August 13, 2024

Nuclear energy regulator seen functional by 2026

By Alena Mae S. Flores – August 11, 2024, 7:20 pm from manilastandard.net Stock photo of a nuclear power plant (Image by Wolfgang Stemme from Pixabay) The Philippines aims to have a fully operational, independent nuclear power regulatory commission by […]
August 12, 2024

New approach to cut PSA application backlog–ERC

By Lenie Lectura – August 12, 2024 from Business Mirror The Energy Regulatory Commission (ERC) is implementing a “one plant, one rate” approach in addressing backlogs for unresolved power supply agreement (PSAs) applications. From 2021 to 2023, PSA cases reached […]
August 12, 2024

MGen withdraws bid for 796-MW CBK hydropower plants in Laguna

By Alena Mae S. Flores – August 11, 2024, 7:00 pm from manilastandard.net Meralco PowerGen Corp. decided to withdraw its bid for the privatization of the 796.64-megawatt Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Lumban, Majayjay and Kalayaan, Laguna. “On […]