Power News

April 5, 2018

Emcor cites benefits of solar power in main branch in Davao City

By Lenie Lectura – April 4, 2018 from Business Mirror MOTORCYCLE and appliance retailer Emcor Inc. is now reaping the benefits of a solar farm atop the roof of its Agdao branch in Davao City. It said on Wednesday it is […]
April 4, 2018

DBM reports Malampaya fund has a balance of P198 billion

By Myrna M. Velasco – April 3, 2018, 10:00 PM from Manila Bulletin The Department of Budget and Management (DBM) has officially reported to Congress that the Malampaya fund has a total balance of P198.567 billion, as reckoned from all […]
April 4, 2018

Tight supply leads to higher power rates in April

By Alena Mae S. Flores – April 02, 2018 at 09:40 pm from manilastandard.net Power rates are expected to increase in April on higher prices at the Wholesale Electricity Spot Market, the country’s trading floor of electricity, an official of […]
April 4, 2018

Meralco’s push for approval of coal-plant PSAs scored

By Lenie Lectura – April 3, 2018 from Business Mirror   THE Manila Electric Co. (Meralco) was criticized for pushing for the approval of power-supply agreements (PSAs) it entered into with coal-fired power plant developers by using as reason the […]
April 4, 2018

First Gen to register 92% contracted capacity in 2018

By Lenie Lectura – April 3, 2018 from Business Mirror LOPEZ-LED First Gen Corp. intends to register a 92-percent contracted capacity this year, up from the current 80 percent. In its 2017 earnings presentation filed with the Philippine Stock Exchange, […]
April 2, 2018

EDC sets P4.29-B spending for 2018

By Jordeene Sheex Lagare – April 2, 2018 from The Manila Times LOPEZ-LED Energy Development Corp. (EDC) has programmed P4.29 billion in capital expenditures (capex) for this year, with most of the funds to be used for improving the geothermal […]
April 2, 2018

TRAIN 1 hits 50% of power supply – DOE

By Myrna M. Velasco – April 1, 2018, 10:00 PM from Manila Bulletin The percentage of the country’s power supply that shall be levied with excise taxes under the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) […]
April 2, 2018

First Gen eyes 2 new gas power plants in Batangas

By Alena Mae S. Flores – April 01, 2018 at 07:10 pm from manilastandard.net First Gen Corp., a unit of the Lopez Group, plans to build two 450-megawatt, natural gas-fired power plants in Batangas, namely Santa Maria and Saint Joseph, […]
March 29, 2018

Meralco backs use of Malampaya funds

By Alena Mae S. Flores – March 27, 2018 at 07:00 pm from manilastandard.net Manila Electric Co., the biggest retailer of electricity, is backing the government’s plan to use the Malampaya funds to spare end-users from higher rates. Meralco vice […]
March 28, 2018

Oriental Petroleum eyes foray into power generation

By Jordeene Sheex Lagare – March 28, 2018 from The Manila Times LISTED Oriental Petroleum and Minerals Corp. (OPMC) is looking to invest in various businesses within the Philippine energy sector such as power generation. OPMC told the local bourse on […]