Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is making moves in the distribution utility (DU) and its generation business through an ongoing partnership with South Korea. In an ambush interview with Ronnie L. Aperocho, Meralco’s executive vice president and chief operating officer...
Even atoms deserve a second chance! The jury is still out on whether breathing a new life into the dormant 620-megawatt Bataan nuclear power plant (BNPP) will unfold as a bold step in advancing the country’s energy security goal– or if it would end up as risky revival of the past. The...
State-owned Korea Electric Power Corporation (KEPCO) is divesting its thermal assets in the Philippines, primarily its equity in a power generation facility in Cebu province. KEPCO will also be selling its interest in its partnership with SPC Power Corporation. The South Korean firm announced that...
Korean firm tapped as O&M contractor for Casecnan hydro plant By Myrna M. Velasco South Korean firm Soosan ENS will be engaged as the operation and maintenance (O&M) contractor for the 165-megawatt Casecnan hydropower plant in Nueva Ecija, according to state-run Power Sector Assets and...
The consolidated net income of SPC Power Corporation dipped 14.5-percent to P794.3 million in the first six months of the year from a more robust earnings of P929.0 million in the same period last year. The company said the decline in earnings had been mainly due to the 50-day maintenance shutdown...
The Department of Energy (DOE) finally admitted that Luzon grid already lacks capacity to meet peak electricity demand, especially with the recurring dilemma of forced outages of power plants. In a Senate hearing, DOE Director Mario C. Marasigan stated that given the combined loss of capacity in...
Local firm Solar Philippines is prepping up for its planned initial public offering (IPO) at the local bourse, according to company executives. The firm, which was founded by young businessman Leandro Leviste, has recently tapped power industry hotshot Marty Crotty as its new Chief Executive...
