Power News

May 28, 2024

Energy expert assists SNAP battery project

By Manila Standard – May 27, 2024, 8:30 pm Consultants in the Singapore and Philippine offices of DNV, the independent energy expert and assurance provider, assisted SN Aboitiz Power Group in the development of a battery energy storage system (BESS) […]
May 28, 2024

MORE Power maintains lowest rate in Western Visayas for May billing

By Manila Standard – May 27, 2024, 8:20 pm MORE Electric and Power Corp. said Monday it continues to offer the lowest electricity rate in Western Visayas despite an increase for May 2024 billing. MORE Power said electricity price in […]
May 28, 2024

PSALM reduces financial obligations

By Manila Standard – May 27, 2024, 7:45 pm The Power Sector Assets and Liabilities Management Corp. (PSALM) said it reduced its liabilities to P283.65 billion as of March 31, 2024 from the 2003 peak of P1.24 trillion. It said […]
May 28, 2024

ERC suspended operations of Luzon power market Monday

By Alena Mae S. Flores – May 27, 2024, 2:50 pm from manilastandard.net The Energy Regulatory Commission (ERC) ordered the temporary suspension of the Wholesale Electricity Spot Market (WESM) for the Luzon grid effective 1:05 p.m. Monday amid insufficient generation […]
May 27, 2024

Aboitiz pushes excellence center for energy workers

By Alena Mae S. Flores – May 26, 2024, 8:25 pm from manilastandard.net Aboitiz Power Corp. is pushing for a “center of excellence” to hone the workforce skills needed to support the growth of the energy sector, an executive said. […]
May 27, 2024

Meralco upgrades electric service in Marikina City

By Manila Standard Business – May 26, 2024, 8:05 pm POWER MAINTENANCE. A Manila Electric Co. (Meralco) crew installs equipment as the power distributor ramps up its preventive maintenance and upgrading to further improve the quality and delivery of electricity […]
May 27, 2024

Napocor bidding out 4 clusters of power hybridization program

By Alena Mae S. Flores – May 26, 2024, 8:00 pm from manilastandard.net State-run National Power Corp. (Napocor) is looking at bidding out four clusters under the Accelerated Hybridization Program (AHP), an initiative to fast-track the establishment of renewable energy […]
May 25, 2024

Maharlika Fund plans to invest in transmission lines

By Alena Mae S. Flores – May 24, 2024, 9:15 pm from manilastandard.net Rafael Consing Jr. Maharlika Investment Corp. (MIC), which manages the Philippines’ first sovereign wealth fund, plans to invest in building transmission lines to support the power supply […]
May 25, 2024

ACEN raises YMP Telecom credit to P466m to fund energy projects

By Alena Mae S. Flores – May 24, 2024, 8:40 pm from manilastandard.net ACEN Corp. said it substantially increased its credit facility to YMP Telecom Power Inc. to P466 million from P200 million to fund the latter’s development costs of […]
May 25, 2024

MGen obtains P2.79-b loan from Security Bank to roll out two solar projects

By Alena Mae S. Flores – May 24, 2024, 7:55 pm from manilastandard.net Meralco PowerGen Corp. (MGen) said Friday its subsidiaries tapped combined funding of P2.79 billion for solar power projects from Security Banking Corp. MGen said the units of […]