Power News

July 31, 2024

2 energy companies pursue oil, gas exploration in Palawan

By Alena Mae S. Flores – July 30, 2024, 7:00 pm from manilastandard.net The Department of Energy (DOE) said Tuesday two companies completed the 3D seismic surveys in Palawan in line with the government’s efforts to boost petroleum exploration, enhance […]
July 31, 2024

Marcos signs Negros Electric franchise as power distributor

By Manila Standard Business – July 30, 2024, 6:40 pm President Ferdinand Marcos Jr. approved the franchise for Negros Electric and Power Corporation (NEPC) to manage and operate the electricity distribution system in Central Negros, guaranteeing continuous and uninterrupted electricity […]
July 31, 2024

ERC lifts reserve market’s settlement suspension

BY MYRNA M. VELASCO – Jul 30, 2024 05:23 PM from Manila Bulletin AT A GLANCE With the lifting of the settlement suspension, the uncollected amounts during the enforcement of that rule will already be recouped and passed on to […]
July 30, 2024

Meralco sees core income rising to P43-B this year

First half core income tops P23.2-B BY MYRNA M. VELASCO – Jul 29, 2024 04:52 PM from Manila Bulletin AT A GLANCE The company’s ascend into that level of income has already been partly cemented by its P23.207 billion core […]
July 30, 2024

PSALM life extension to prevent transfer of P300-B debt to nat’l government

BY MYRNA M. VELASCO – Jul 29, 2024 11:45 AM from Manila Bulletin AT A GLANCE Stretching the corporate existence of PSALM is among the key amendments being pushed in the Electric Power Industry Reform Act (EPIRA), one of the […]
July 29, 2024

Benguet seeks nod for coal exploration in Surigao del Sur

By Lenie Lectura – July 29, 2024 from Business Mirror Benguet Corp. (BC) has filed with the Department of Energy (DOE) an application for the exploration of coal resources in Surigao del Sur under the agency’s Philippine Conventional Energy Contracting […]
July 27, 2024

PNOC to test vertical axis wind turbines in Napocor’s SPUG sites

By Alena Mae S. Flores – July 26, 2024, 9:25 pm from manilastandard.net State-run Philippine National Oil Co. (PNOC) and National Power Corp. (NPC) on Friday signed a memorandum of understanding (MOU) to test solar and wind hybrid systems utilizing […]
July 27, 2024

PSALM begins Mindanao coal plant’s retirement, repurposing

By Alena Mae S. Flores – July 26, 2024, 9:20 pm from manilastandard.net State-owned Power Sector Assets and Liabilities Management Corp. (PSALM) said Friday it started preparations for the early retirement or repurposing of the 210-megawatt Mindanao coal-fired power plant […]
July 26, 2024

Transmission lines maintain integrity despite ‘Carina’ onslaught

By Philippine News Agency – 03:44 PM July 25, 2024 from inquirer.net MANILA – Despite the severe weather conditions brought by Super Typhoon Carina and the southwest monsoon, the National Grid Corporation of the Philippines (NGCP) assured the public on […]
July 26, 2024

ACEN grants loan guarantee to subsidiary

By Lenie Lectura – July 26, 2024 from Business Mirror ACEN Corp. has signed a P1.92-billion loan agreement with its subsidiary Santa Cruz Solar Energy Inc. to fund the latter’s capital expenditure (capex) for its solar power project in Zambales. […]