May 31, 2022

ERC issues GEAR prices

BY LENIE LECTURA – MAY 30, 2022 from Business Mirror The Energy Regulatory Commission (ERC) has released the Green Energy Auction Reserve (GEAR) prices for the first round of the Green Energy Auction Program (GEAP). The GEAR price for solar […]
May 31, 2022

Royalties remitted to DOE in Q1 hit record–Semirara

BY LENIE LECTURA – MAY 30, 2022 from Business Mirror Semirara Mining and Power Corp. (SMPC) said Monday it has remitted P5.9 billion in royalties to the Department of Energy (DOE) in the first quarter. This is the highest amount […]
May 27, 2022

NGCP activates Mariveles-Hermosa transmission line

BY LENIE LECTURA – MAY 26, 2022 from Business Mirror A P6-billion transmission facility is now ready to accommodate more than 2,500 megawatts (MW) of new generating capacities for the Luzon grid. The National Grid Corporation of the Philippines (NGCP) […]
May 27, 2022

Alsons sets 3-year capex, eyes more RE investments

BY LENIE LECTURA – MAY 26, 2022 from Business Mirror Alsons Consolidated Resources Inc. (ACR), the publicly-listed company of the Alcantara Group, is setting aside P6 billion in capital expenditures (capex) for three years to finance various power projects. “Estimated […]