Power News

April 19, 2018

PCC clears Alterpower’s purchase of Enfinity shares

By Lenie Lectura – April 18, 2018 from Business Mirror THE Philippine Competition Commission (PCC) has cleared the acquisition of Enfinity Philippines Renewable Resources Fourth Inc. shares by Alterpower Specialist Inc. This effectively gives Alterpower the go-signal to own 65 […]
April 19, 2018

MGI gets COC for Pampanga power station

By Lenie Lectura – April 18, 2018 from Business Mirror MAIBARARA Geothermal Inc. (MGI) has secured a Certificate of Compliance (COC) for its 12-megawatts Maibarara-2 power station in Santo Tomas, Batangas. MGI is a joint venture of PetroGreen Energy Corp. […]
April 18, 2018

ECs thumb down entry of private firms in their franchise areas

By Myrna M. Velasco – April 17, 2018, 10:00 PM from Manila Bulletin The country’s electric cooperatives (ECs) are refusing the entry of deep-pocketed third party investors in their respective franchise areas, including those that had been rendered ‘unviable’ for […]
April 18, 2018

Global Business Power investing P5b in renewable plants

By Alena Mae S. Flores – April 17, 2018 at 07:35 pm from manilastandard.net Iloilo City―Global Business Power Corp. said it plans to invest P4 billion to P5 billion in its foray into renewable energy projects with a capacity of […]
April 18, 2018

PetroEnergy income reached $8.46 million last year

By Lenie Lectura – April 17, 2018 from Business Mirror PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher revenues. The company attributed the profit […]
April 17, 2018

Meralco expects 7% sales growth in Q1

By Jordeene Sheex Lagare – April 17, 2018 from The Manila Times MANILA Electric Co. (Meralco), the country’s largest power distribution utility, expects to report 7 percent sales growth for the first quarter of this year from a year ago, […]
April 17, 2018

ERC gets court reprieve to keep 4 commissioners

By Alena Mae S. Flores – April 16, 2018 at 11:22 am from manilastandard.net The Court of Appeals granted the petition of the four commissioners of the Energy Regulatory Commission to keep working in the agency despite the suspension order […]
April 16, 2018

More RE rollout to hike oil’s share in power mix

By Myrna M. Velasco – April 15, 2018, 10:00 PM from Manila Bulletin It is an ironic twist, but the Philippines target of 15,304 megawatts of renewable energy (RE) capacity into its power system until year 2030 under the Renewable […]
April 16, 2018

GE joins push for renewable energy in Philippines

By Manila Standard Business – April 14, 2018 The Philippines is now committed to reduce energy emissions by 70 percent by 2030 as a part of the Paris Agreement on Climate Change. This has brought a renewed thrust to develop […]
April 16, 2018

Cleantech to expand Bulacan solar farm by 30MW

By Lenie Lectura – April 15, 2018 from Business Mirror CLEANTECH Global Renewables Inc. expects to push through with the expansion of its solar farm in Bulacan by 30 megawatts (MW) this year. “We are looking at expanding our Bulacan. […]