Fresh River Lakes Corp, a subsidiary of First Gen Corporation of the Lopez group, submitted a winning bid that dwarfed other offers for the165-megawatt Casecnan hydropower facility, the first power asset privatized under the Marcos administration. According to sources privy to the outcome of the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is planning to pursue 25-year concession arrangement under the privatization plan of the 932-megawatt Agus-Pulangui hydropower facilities in the Mindanao grid. “We have a plan - the plan is for concession agreement,”...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved to May 16 this year the sale of the 165-megawatt Casecnan hydropower facility instead of March 28. According to PSALM President Dennis Edward A. Dela Serna, the asset-seller firm has yet to finalize the Water...
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
So far, Commission on Elections (Comelec) Commissioner George Irwin Garcia said that the power outlook for the upcoming May 2022 appears to be good. Public school teachers undergo training for the May 2022 elections. (ALI VICOY/ MANILA BULLETIN) However, in a press briefing on Thursday, March 31,...
A group of electric cooperatives and member-consumer-owners have thrown their support to Senator Sherwin Gatchalian who is seeking a fresh term in the Senate in the upcoming May 2022 national elections. The 13.5 million-strong National Center of Electric Cooperatives Consumers Inc. (NCECCO) said it...
An advocacy group has urged power and telecommunications sectors to work together seamlessly following the widespread service disruptions in the aftermath of Typhoon "Odette," particularly in the Visayas and Mindanao regions. Surigao City after typhoon "Odette" (Photo courtesy of Jilson...
The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R....
Senator Risa Hontiveros on Thursday questioned the National Grid Corporation of the Philippines (NGCP) over its P448-million expenses on advertisements and entertainment, saying these should not be passed on to electricity consumers as these are not critical to power transmission operations. “It...
Senator Risa Hontiveros on Friday said she supports the proposal to restore to the government control of the National Grid Corp. of the Philippines (NGCP) saying this would allow better management of grid reserves and fix cyber-security issues in the power transmission sector. “It is time to...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
