July 6, 2018

PSALM cuts liabilities to P466.1 B in 2017

By Myrna M. Velasco – July 6, 2018, 12:17 AM from Manila Bulletin Amid the falling value of the Philippine peso and continued snag on its privatization of power assets, Power Sector Assets and Liabilities Management Corporation (PSALM) was able […]
July 6, 2018

Palace intervention sought over DOE-ERC turf rivalry on power supply contracting

By Myrna M. Velasco – July 4, 2018, 10:43 PM from Manila Bulletin The aggrupation of the country’s renewable energy (RE) project developers is formally seeking the intervention of Executive Secretary Salvador C. Medialdea on the “escalating turf war” of […]
July 6, 2018

ERC gives gencos, DUs 6 more months to sell 15% of shares

By Lenie Lectura – July 5, 2018 from Business Mirror THE Energy Regulatory Commission (ERC) has extended the compliance period within which power- generation companies (gencos) and distribution utilities (DUs) should sell a portion of their shares. In a resolution, the […]
July 6, 2018

2 firms keen on buying Malampaya gas

By Lenie Lectura – July 4, 2018 from Business Mirror AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas. Philippine National Oil Co. (PNOC) Executive […]