The industrial sector has started showing signs of prospective rebound as the drop on energy sales had already narrowed down to 1.0%, power utility giant Manila Electric Company (Meralco) has noted. Sales to manufacturing facilities and key industries, the power firm said, hovered at 10,570...
Power utility giant Manila Electric Company (Meralco) is scheduled to a sign a ‘nuclear cooperation agreement’ with US firm Ultra Safe Nuclear Corp for the targeted installation of a micro modular reactor (MMR) demonstration project in the Philippines. Meralco Executive Vice President and Chief...
Electric distribution utility Manila Electric Co. (Meralco) announced power interruptions in Batangas, Caloocan, Cavite, Laguna, Manila, Muntinlupa, and Pasay. In a post made by the electric company, the seven cities and province will start their maintenance schedule on Monday, Nov. 6 to Wednesday,...
The Manila Electric Co. (Meralco) said it will hold a competitive bidding for 1,800 megawatts of power supply next year after the Energy Regulatory Commission (ERC) approved the termination of its power supply deal with San Miguel's power generation unit. In a statement on Thursday, Nov. 2, Meralco...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
Meralco Power Academy (MPA) received certification from the Department of Energy (DOE) which considers it a recognized training institution (RTI). MPA, the education provider unit of Manila Electric Co. (Meralco), can now conduct the prescribed capability-building training for Energy Efficiency and...
The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
EMPOWERING FAR FLUNG SCHOOLS. One Meralco Foundation (OMF) once again partnered with Lenovo Philippines Inc. for its school electrification program. Seen in the photo are (from left) Meralco Chief Revenue Officer and OMF Trustee, Ferdinand O. Geluz. Meralco FVP and Head of Information,...
The recurrence of gas supply restriction from the Malampaya field has triggered another round of shutdown for the 414-megawatt San Gabriel power plant of First Gen Corporation, according to sources from the company. The gas being fed to the San Gabriel power plant of the Lopez group is drawn from...
Power utility giant Manila Electric Company (Meralco) will be introducing ‘smart tariffs or rates’ that will be tailor-fitted to consumers’ budgets and specific needs – be it for direct electricity services to homes and businesses; or on the charging of electric vehicles (EVs) as part of...
