September 21, 2022

Show-cause orders prompt NGCP to defer AS auction

BY LENIE LECTURA – SEPTEMBER 21, 2022 from Business Mirror   The National Grid Corporation of the Philippines (NGCP) has put off the competitive auction for ancillary services (AS) after the Energy Regulatory Commission (ERC) issued show-cause orders (SCOs) to […]
September 19, 2022

NGCP issued show cause orders over AS procurement

BY LENIE LECTURA – SEPTEMBER 19, 2022 from Business Mirror   The Energy Regulatory Commission (ERC) has issued show cause orders (SCOs) to the National Grid Corporation of the Philippines (NGCP) for failure to comply with the directives of the […]
September 17, 2022

ACEN Australian unit inks loan deal

BY LENIE LECTURA – SEPTEMBER 16, 2022 from Business Mirror ACEN Corp. subsidiary ACEN Australia and MUFG Bank Ltd. executed a facility agreement for a A$140-million green long-term loan. The loan facility was finalized on September 15. Also, MUFG and […]
September 15, 2022

‘ERC ruling on power deals should apply to all suppliers’

BY LENIE LECTURA – SEPTEMBER 15, 2022 from Business Mirror ACEN Corp. said on Wednesday its power supply deal with the Manila Electric Co. (Meralco) should also be tweaked should the regulators decide to amend the power supply agreement (PSA) […]