October 23, 2021

ERC: 3 gencos exceeded limit for unplanned outages

BY LENIE LECTURA – OCTOBER 21, 2021 from Business Mirror State firm Power Sector Assets and Liabilities Management Corp. (PSALM), Lopez-led Energy Development Corp. (EDC) and SPC Island Power Corp. (SIPC) exceeded the limit for the allowed number of days […]
October 23, 2021

EDC fined for breaching plant ‘forced outage’ limit

By Myrna M. Velasco – October 22, 2021, 5:22 PM from Manila Bulletin The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated […]
October 14, 2021

EDC, Cebu firm ink RE supply deal

BY LENIE LECTURA – OCTOBER 13, 2021 from Business Mirror File photo of EDC geothermal facility from its company website. Cebu-based steel manufacturer Chioson Development Corp. (CDC) has tapped Energy Development Corp. (EDC) for the supply of 750 kilowatts of […]
October 7, 2021

US-based investment firm hikes stake in First Gen

BY LENIE LECTURA – OCTOBER 6, 2021 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas Kohlberg Kravis Roberts & Co. (KKR) is investing P8.68 billion in First Gen Corp. which will allow the United States-based […]