September 16, 2022

PetroEnergy sells 25% equity in RE unit to Japanese firm

By Myrna M. Velasco – September 15, 2022, 2:19 PM from Manila Bulletin The renewable energy investment arm of Yuchengco-led PetroEnergy Resources Corporation (PERC) sold 25 percent of its shareholdings to Japanese firm Kyuden International Corporation (KIC), a wholly owned […]
September 15, 2022

No sanctions committed yet by DOE, ERC

By Myrna M. Velasco – September 14, 2022, 3:14 PM from Manila Bulletin The Department of Energy (DOE) and Energy Regulatory Commission (ERC) are taking steps to investigate and verify the technical glitches in power plants and transmission line tripping […]
September 13, 2022

Luzon grid on ‘red alert’; brownouts feared

By Myrna M. Velasco – September 12, 2022, 9:26 AM from Manila Bulletin Following a “brownout weekend” that affected millions of consumers, Luzon grid tumbled into new round of “red alert” on Monday, Sept. 12, that extended until 8 pm […]
September 13, 2022

NEA loans to ECs reach P960 M

By Myrna M. Velasco – September 12, 2022, 8:09 AM from Manila Bulletin The scale of loans extended by government-run National Electrification Administration (NEA) to the electric cooperatives (ECs) went beyond P960 million as of end-August this year. According to […]