Power News

October 9, 2017

Ilijan standoff to hike power rates

By Alena Mae S. Flores – October 08, 2017 at 08:20 pm from manilastandard.net Consumers of Manila Electric Co. will be exposed to price volatilities at the Wholesale Electricity Spot Market, or WESM, if the government terminates the contract of San Miguel […]
October 9, 2017

Vires Energy keen on $750-m LNG job

By Alena Mae S. Flores – October 06, 2017 at 08:01 pm from manilastandard.net Vires Energy Corp. is interested in developing a liquefied natural gas project costing $750 million in Batangas City, its top executive said Friday. Vires president Eduardo Mañalac said […]
October 9, 2017

Phinma eyes three gas-fired facilities

By Alena Mae S. Flores – October 05, 2017 at 07:01 pm  from manilastandard.net Phinma Energy Corp., the power arm of Phinma Group, is studying the feasibility of putting up three gas-fired power plants with a combined capacity of 904 megawatts, a […]
October 5, 2017

Meralco nudges ERC on 7 PSA applications

By Lenie Lectura – October 4, 2017 from Business Mirror A top official of the Manila Electric Co. (Meralco) said the utility firm “remains hopeful” that regulators will immediately act and approve soon its seven power-supply agreement (PSA) applications. “We still remain hopeful. […]
October 5, 2017

ERC okays P30.6-million WESM budget for Mindanao in 2017

By Lenie Lectura – October 3, 2017 from Business Mirror THE Energy Regulatory Commission (ERC) has approved a preoperating budget of P30.6 million for the Wholesale Electricity Spot Market (WESM) in Mindanao for 2017. The budget approved for the Philippine Electricity Market Corp. […]
October 4, 2017

EO 30 still ‘stuck’ at projects identification and IRR crafting

By Myrna M. Velasco – October 2, 2017, 10:01 PM from Manila Bulletin It is an edict that promises to streamline energy project approvals within 30 days, but almost three months now and counting, Executive Order 30 (EO30) is still stuck […]
October 4, 2017

Anticipation high on approval of Meralco PSAs this week

By Myrna M. Velasco – October 3, 2017, 10:01 PM from Manila Bulletin Anticipation is now high on probable approval of some power supply agreements (PSAs) of Manila Electric Company (Meralco) given the “decision timeline” that the Energy Regulatory Commission (ERC) […]
October 3, 2017

National Grid Corp. expects Mindanao project completed ahead of target

By Lenie Lectura – October 2, 2017 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) on Monday said it could complete ongoing reinforcement of the Mindanao 230-kiloVolt (kV) Transmission Backbone Project within the first quarter of 2019, months ahead of its target June […]
October 3, 2017

San Miguel power firm gets green light to link with NGCP

By Lenie Lectura – October 2, 2017 from Business Mirror SAN Miguel Consolidated Power Corp. (SMCPC) was given the green light to develop and own a dedicated point-to-point transmission facility to connect two units of its coal-power plant to the transmission facility of […]
October 2, 2017

Paleco urged to cut supply pact with nonperforming gencos

By Lenie Lectura – September 28, 2017 from Business Mirror THE Palawan Electric Cooperative (Paleco) was urged to immediately terminate power-supply agreements with under-performing generation companies (gencos). Rotating power outages are still being experienced by customers of Paleco, mainly due to problems with […]