Power News

March 28, 2024

Deal with Sys to make Citicore IPO attractive, say analysts

By Meg J. Adonis – 02:16 AM March 28, 2024 from inquirer.net / Philippine Daily Inquirer MANILA, Philippines — The landmark P5-billion share sale deal between tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) and Sy family-led SM Investments Corp. […]
March 28, 2024

Citicore raises P5B from share sale to SM Investments

By Meg J. Adonis – 09:36 AM March 27, 2024 from inquirer.net / Philippine Daily Inquirer MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) of tycoon Edgar Saavedra has raised P5 billion from the sale of its shares in its […]
March 28, 2024

Power spot prices rise in early March

By Sheldeen Joy Talavera – March 26, 2024 | 9:07 pm from Business World BW FILE PHOTO ELECTRICITY spot market prices rose in the first two weeks of March as the margin between supply and demand narrowed, the Independent Electricity Market […]
March 27, 2024

Meralco vows to meet summer power demand

By Alena Mae S. Flores – March 26, 2024, 8:50 pm from manilastandard.net Power retailer Manila Electric Company (Meralco) said Tuesday it is prepared to address the anticipated increased electricity demand following the official declaration of the dry season or […]
March 27, 2024

PetroEnergy’s solar unit secures P834-m loan for Bohol plant

By Alena Mae S. Flores – March 26, 2024, 8:25 pm from manilastandard.net PetroGreen Energy Corp. (PGEC) of the Yuchengo Group said Tuesday it secured an P834-million loan facility from Rizal Commercial Banking Corp. (RCBC) for its 27.5-megawatt Dagohoy solar […]
March 26, 2024

Meralco sees Q1 power sales increasing by 9% amid hot weather

By Alena Mae S. Flores – March 25, 2024, 8:50 pm from manilastandard.net Power retailer Manila Electric Co. is looking at a 9-percent sales volume growth in the first quarter of 2024 from a year ago, driven by higher temperature […]
March 26, 2024

DOE: Earth Hour savings rise 110% to 132 MW this year

By Alena Mae S. Flores – March 25, 2024, 8:05 pm from manilastandard.net Energy Secretary Raphael Lotilla The Department of Energy said Monday the Earth Hour 2024 generated a significant increase in electricity savings of 132.11 megawatts (MW) for the […]
March 26, 2024

PNOC seeks proposals for Batangas port

By Alena Mae S. Flores – March 25, 2024, 7:40 pm from manilastandard.net PNOC president Oliver Butalid State-run Philippine National Oil Company (PNOC) is seeking proposals to help transform its existing port in Batangas province into a P5-billion launching port […]
March 25, 2024

PSALM eyes up to P100b from CBK plant privatization

By Alena Mae S. Flores – March 24, 2024, 8:20 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. is looking at P50 billion to P100 billion in proceeds from the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydro power […]
March 25, 2024

Transmission charges push up MORE rates

By Alena Mae S. Flores – March 24, 2024, 8:00 pm from manilastandard.net MORE Electric and Power Corp., Iloilo City’s electricity distributor said its power rates increased by P0.06 per kilowatt-hour in March on higher transmission charges with the full […]