Power News

August 12, 2024

DOE opens 2nd round of bidding for microgrid provider in 85 areas

By Alena Mae S. Flores – August 11, 2024, 6:45 pm from manilastandard.net The Department of Energy (DOE) issued the invitation to bid for the second round of competitive selection process (CSP) for microgrid system provider (MGSP) that will cover […]
August 10, 2024

FDC Utilities plans to triple power output

By Alena Mae S. Flores – August 9, 2024, 7:10 pm from manilastandard.net FDC Utilities Inc. (FDCUI), a wholly-owned subsidiary of Filinvest Development Corp. (FDC), said Friday it plans to triple its generating capacity to 1,350 megawatts by 2033 from […]
August 10, 2024

Power rates likely lower in August — Meralco

By Alena Mae S. Flores – August 8, 2024, 8:40 pm from manilastandard.net Power generation charges likely decreased this month on lower demand and better supply, power retailer Manila Electric Co. said Thursday. “While we have yet to receive all […]
August 10, 2024

Meralco subsidiary to install solar facility for meat processor firm in Bulacan

BY MYRNA M. VELASCO – Aug 9, 2024 03:36 PM from Manila Bulletin AT A GLANCE Upon the commercial operations phase of the two solar rooftop facilities at May Harvest, the scale of generation will reach as much as 1,711,060.00 […]
August 9, 2024

Meralco bill to fall on lower spot prices in August–exec

By Lenie Lectura – August 9, 2024 from Business Mirror The Manila Electric Co. (Meralco) said generation charge may go down this month due to lower spot market prices, a company official said Thursday. “We are anticipating a reduction in […]
August 9, 2024

New plants boost ACEN profit in H1

By Lenie Lectura – August 9, 2024 from Business Mirror ACEN Corp. announced on Thursday that its net income jumped by 49 percent year-on-year to P6.3 billion in the first half due to the 42-percent increase in its attributable renewable […]
August 8, 2024

IPHI to build battery project in Rizal

By Lenie Lectura – August 8, 2024 from Business Mirror Ingrid Power Holdings Inc., (IPHI) a joint venture between ACEN Corp. and Marubeni Asian Power Corp., has proposed the construction of a 150-megawatt (MW) battery energy storage system (BESS) in […]
August 8, 2024

Visayan Electric seeks ERC approval for P4.27-b capex

By Alena Mae S. Flores – August 7, 2024, 7:30 pm from manilastandard.net Visayan Electric Co. (VECO) is seeking approval from the Energy Regulatory Commission (ERC) for its capital expenditure (capex) program amounting to P4.273 billion. Bulk of the capex […]
August 8, 2024

Citicore posts 9% net income hike to P910 million

BY MYRNA M. VELASCO – Aug 7, 2024 05:24 PM from Manila Bulletin AT A GLANCE There had been three-tiered drivers to Citicore’s profitability: and these were primarily from sale of electricity as the major contributor; then earnings arising from […]
August 7, 2024

New Meralco substations to rise in ALI’s properties

By Lenie Lectura – August 7, 2024 from Business Mirror THE  Manila Electric Co. (Meralco) announced last Tuesday it will put up new substations within several Ayala Land Inc.’s (ALI) developments particularly for Circuit Makati and Parklinks Estate facing Quezon City and […]