Power News

May 8, 2024

Ex-DOE chief defends coal moratorium despite power supply alerts

By Manila Standard Business – May 7, 2024, 9:00 pm Ex-Energy Secretary Alfonso Cusi   Former Energy Secretary Alfonso Cusi on Tuesday described the Department of Energy’s coal moratorium implemented in 2020 as a well-considered policy move despite criticisms. Cusi […]
May 8, 2024

SPNEC plans to welcome 2 foreign partners this year

By Alena Mae S. Flores – May 7, 2024, 8:50 pm from manilastandard.net SP New Energy Corp. (SPNEC) expects to take in “at most” two foreign partners in Terra Solar Philippines Inc. within the year, an executive said Tuesday. SPNEC […]
May 8, 2024

Semirara keen on developing 700-MW coal plant in Batangas

By Alena Mae S. Flores – May 7, 2024, 8:25 pm from manilastandard.net SMPC president and chief operating officer Maria Cristina Gotianun   Semirara Mining and Power Corp. remains keen on developing a 700-megawatt coal-fired power plant in Calaca, Batangas […]
May 7, 2024

AboitizPower’s first-quarter income rose 4% to P7.9b

By Alena Mae S. Flores – May 6, 2024, 9:55 pm from manilastandard.net Aboitiz Power Corp. said Monday it posted a 4-percent net income growth in the first quarter to P7.9 billion from P7.5 billion in the same period last […]
May 7, 2024

Semirara’s profit declined 28% in 3 months on weaker market prices

By Alena Mae S. Flores – May 6, 2024, 9:50 pm from manilastandard.net Semirara Mining and Power Corp. (SMPC) said Monday its net income fell 28 percent in the first quarter of 2024 to P6.5 billion from P9 billion a […]
May 7, 2024

REDC vows to expand RE portfolio in 2024 as part of long-term strategy

By Alena Mae S. Flores – May 6, 2024, 9:35 pm from manilastandard.net Repower Energy Development Corp. (REDC). said Monday its net income reached P172.8 million in 2023, up nearly 3 percent from P168 million in 2022 following the commissioning […]
May 6, 2024

Meralco expects higher sales in Q2

By Patrick Miguel – May 6, 2024 | 12:00am from The Philippine Star This photo shows Meralco electric technicians fixing a power line. MANILA, Philippines — Manila Electric Co. (Meralco) expects its sales to grow by six to eight percent […]
May 6, 2024

Gov’t issues 92 offshore wind contracts amid strong interest from local, foreign firms

By Alena Mae S. Flores – May 5, 2024, 7:55 pm from manilastandard.net The Department of Energy (DOE) said it issued 92 offshore wind service contracts with potential capacity of 65.049 gigawatts as of March 25, 2024, reflecting the strong […]
May 6, 2024

ADB eyes direct financing of renewable energy projects in Philippine

By Louise Maureen Simeon – May 4, 2024 | 12:00am from The Philippine Star In an interview with The STAR here, ADB country director for the Philippines Pavit Ramachandran said RE is an area that the multilateral lender is excited […]
May 4, 2024

Group: ERC order may destabilize power market

By Manila Standard Business – May 3, 2024, 9:35 pm from manilastandard.net Partners for Affordable & Reliable Energy (PARE), a group that advocates for pro-consumer solutions to address energy needs, said it welcomes the decision by the Energy Regulatory Commission […]