Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period. The winning SMC companies are...
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....
The Department of Energy (DOE) has directed all distribution utilities (DUs) to contract sufficient power capacity to ensure successful rollout of Covid-19 vaccines in various parts of the country this year. In an official advisory issued by the energy department this week, power distribution...
Businessman Tomas I. Alcantara has retired as chairman and president of publicly listed Alsons Consolidated Resources Inc. (ACR), one of the country’s largest conglomerates, effective March 1 this year due to health reasons. Tomas I. Alcantara (Photo credit: https://www.acr.com.ph) Taking his...
The Energy Regulatory Commission (ERC) was able to reclaim jurisdiction over hearings and investigation of cases of anti-competitive behavior or collusion raps against the power generation companies. According to Atty. Maria Corazon C. Gines, director of ERC’s Legal Services, the Supreme Court...
The proposed coal-fired power plant project of Chinese firm Kingstone Energy is not in the “indicative” or “committed” list of projects of the Department of Energy (DOE), hence, that could warrant its ultimate disqualification from the competitive selection process (CSP) of Manila Electric...
Big ticket geothermal firms Energy Development Corporation (EDC) of the Lopez Group and Sy-owned Philippine Geothermal Production Company (PGPC) as well as Mase Power Corporation have submitted bids for the geothermal blocks tendered by the Department of Energy (DOE) via the 3rd open and...
The Department of Energy (DOE) is being urged to enforce stricter rules in the competitive selection process (CSP) for power supply agreements (PSAs) that are being auctioned by distribution utilities. The Department of Energy (DOE) is being urged to enforce stricter rules in the competitive...
The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been synchronized back to the grid this week, following a five-month shutdown due to the technical glitch it suffered from since five months ago. In a disclosure to the Philippine Stock Exchange (PSE), the Lopez firm...
Shell Philippines Exploration B.V., the operator of the multi-billion Malampaya gas field project, bagged anew the Philippine Extractive Industries Transparency Initiative (PH-EITI) Award for “excellence in reporting’ under the oil and gas category. That recognition had been bestowed on SPEX...
Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to...
The tsunami of oil price hikes will continue this week, with the cost of diesel rising by P1.25 per liter; while kerosene prices will increase by P1.10 per liter, based on pricing adjustment notices already sent by the oil companies. For gasoline products, the upward adjustment this week will be...
