The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
Transmission firm National Grid Corporation of the Philippines (NGCP) said it is lining up several priority projects that will reinforce the country’s electricity network and backbone to support the distribution of bigger electricity loads. The company emphasized that its investments’ pipeline...
Senator Risa Hontiveros on Wednesday, March 15 raised concerns over the memorandum of understanding (MOU) entered into by the National Grid Corporation of the Philippines (NGCP) and the National Intelligence Coordinating Agency (NICA). Hontiveros said the Marcos government should first claify...
Sy-led Synergy Grid & Development Phils. Inc. (SGP) has declared P914.680 million worth of cash dividends to be paid to its outstanding shareholders next month. In a disclosure to the Philippine Stock Exchange (PSE), the company emphasized that the dividend declaration will account for the...
The Department of Energy (DOE) is finally eyeing to roll into commercial operation before the end of this year the long-delayed Wholesale Electricity Spot Market (WESM) in Mindanao to cater to energy capacities that will be traded by qualified participants in that grid. A draft circular showed that...
Installation of critical components of the Mindanao-Visayas Interconnection Project (MVIP) has already been completed, according to transmission system operator National Grid Corporation of the Philippines. In a status report furnished to the media, the transmission company indicated that it...
The Wholesale Electricity Spot Market (WESM) in Mindanao is being pushed for commercial operation in June this year, ahead of the energization of the Mindanao-Visayas Interconnection Project (MVIP), which is subsequently targeted by the fourth quarter. According to Edward I. Olmedo, senior manager...
A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion Mindanao-Visayas Interconnection Project (MVIP), or the link-up of power grids in the two islands as concretized by...
The P52-billion Mindanao-Visayas Interconnection Project (MVIP) of transmission firm National Grid Corporation of the Philippines (NGCP) will add an initial 300-megawatt to energy-starved Luzon grid starting June this year, according to the Department of Energy. That will then help save Luzon grid...
Listed firm Synergy Grid and Development Philippines Inc. (SGP) has declared dividend payout of more than P1.053 billion to its investor-shareholders to be settled early next year. In a statement, the company specified that the total payout will be P1,053,173,200 or an equivalent of P0.20 per share...
Impairment in several portions of its fiber optic cable (FOC) connection is anticipated to cause further delay in the P52 billion Mindanao-Visayas Interconnection Project (MVIP), which transmission firm National Grid Corporation of the Philippines (NGCP) is currently implementing....
