Transmission firm National Grid Corporation of the Philippines (NGCP) objected to the planned audit by the Department of Energy (DOE) and two other state-run companies – the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Transmission Corporation (TransCo), stating...
The National Grid Corporation of the Philippines (NGCP) said that government should give weight to the P300 billion worth of investments it had injected into the country’s power transmission network in reaction to the In reaction to the Malacanang pronouncement that the government may take back...
The Senate energy committee on Wednesday, May 17, scrutinized the plans of the Department of Energy (DOE) and other power stakeholders to provide long-term solutions to power supply shortages Presiding as chairman of the Senate Committee on Energy hearing on the recent power outages in the country,...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
President Ferdinand "Bongbong" Marcos Jr. has signed the Renewal Agreement for the Malampaya Service Contract No. 38 (SC 38), allowing the continued production of the Malampaya gas field until Feb. 22, 2039. *President Marcos signs Renewal Agreement for the Malampaya Service Contract No. 38 (SC...
System operator National Grid Corporation of the Philippines (NGCP) is proposing amendments to the Grid Code to ensure the country’s power system can efficiently absorb gigawatt-scale but variable renewable energy (RE) capacities. In a presentation to the media, NGCP Vice President and Head of...
Motorists will feel the pinch on their wallets anew as fuel commodity prices take a reverse course for uptrends next week, based on calculation by oil companies. According to the industry players, diesel prices will have a relatively significant increase of P1.25 to P1.55 per liter, while gasoline...
Transmission firm National Grid Corporation of the Philippines (NGCP) forthrightly stated that it is amenable to the ‘audit call’ by the Department of Energy (DOE), granted that these are carried out within the legal bounds of its concession agreement with the government as well as its franchise...
Following the series of transmission facility-induced rotational blackouts in the Luzon and Visayas grids, the Department of Energy (DOE) announced that a two-tiered follow-through audit on the performance of system operator National Grid Corporation of the Philippines (NGCP) will be carried out –...
Amid distress from scorching weather temperature, massive number of consumers in Luzon had to live through the agony of rotational blackouts of at least two-hour duration due to strained power supply in the grid following a transmission line tripping that was compounded by the forced outages and...
Forced outages and de-rating of power plants that took out more than 1,350 megawatts of capacities in the system placed Luzon grid into "red alert" on Monday, May 8, according to the advisory issued by system operator National Grid Corporation of the Philippines (NGCP). NGCP raised "red alert"...
COPENHAGEN - The final investment decision (FID) of multinational energy giant Royal Dutch Shell for its offshore wind (OSW) ventures in the Philippines will largely depend on the tariff rate that regulators will be implementing, according to a key executive of the company. In an interview, Sarah...
