Power News

July 27, 2017

Citicore Power subsidiaries get license to operate plant

By Lenie Lectura – July 26, 2017  from Business Mirror TWO Citicore Power Inc. subsidiaries were awarded certificates of compliance (COCs) for their respective solar-power projects. The Energy Regulatory Commission (ERC) granted the COCs to Next Generation Power Technology Corp. (NGPT) on July […]
July 26, 2017

NREB urges DOE to finally approve RE Trust Fund rules

By Lenie Lectura – July 25, 2017  from Business Mirror THE National Renewable Energy Board (NREB) on Tuesday underscored the importance of the Renewable Energy (RE) Trust Fund that has yet to be implemented nine years after the RE law was enacted into […]
July 26, 2017

NREB looking for best options for ‘errant’ solar power providers

By Lenie Lectura – July 24, 2017  from Business Mirror The National Renewable Energy Board (NREB) has created a committee to focus on coming up with the best option on how solar providers who were not able to avail themselves of the feed-in-tariff […]
July 25, 2017

Agus plants need rehabilitation

by Alena Mae S. Flores – July 23, 2017 at 06:01 pm from manilastandard.net Aboitiz Power Corp. asked the government to rehabilitate the old Agus hydroelectric power plants in Mindanao amid the huge surplus in the region to ensure the plants’ long-term efficiency […]
July 25, 2017

Meralco unit borrowing P100b from 8 banks

by Alena Mae S. Flores – July 23, 2017 at 06:01 pm  from manilastandard.net Atimonan One Energy Inc., a unit of Manila Electric Co., tapped Bank of Philippine Islands, Philippine National Bank and six other banks to raise P100 billion for the completion […]
July 25, 2017

PSALM gets regulator’s nod to collect P37 billion from NPC

By Lenie Lectura – JULY 24, 2017 from Business Mirror THE Energy Regulatory Commission (ERC) has allowed the Power Sector Assets and Liabilities Management (PSALM) Corp. to collect from consumers a total of P37 billion, representing the stranded debts and stranded contract costs […]
July 25, 2017

AC Energy, UPC Renewables ink deal for Indonesia project

By Lenie Lectura – JULY 24, 2017 from Business Mirror A UNIT of AC Energy Holdings Inc. (AC Energy) has partnered with UPC Renewables Asia Pacific Holdings Ltd. and UPC Renewables for a power project in Indonesia. “AC Energy International Holdings Pte […]
July 24, 2017

Aboitiz-led EV seeks P30-billion gov’t subsidy

By Myrna M. Velasco – July 22, 2017, 10:01 PM from Manila Bulletin The foray of the Aboitiz group into electric vehicles (EVs) via Singapore-incorporated QEV Technologies will be a “grand plan” of 50,000-EV fleet rollout, but it will also require […]
July 24, 2017

PH shortlists 6 countries for $2-billion LNG facility

By Reuters – Manila Bulletin Published July 21, 2017, 10:00 PM Manila – The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official […]
July 24, 2017

US power producer to sell 51% interest in Masinloc

By Bloomberg News Business Mirror – JULY 19, 2017 AES Corp. is seeking to sell its controlling stake in the Masinloc power plant in a deal that could value the project at more than $1 billion, people with knowledge of the […]