Garcia-led Vivant Energy Corporation has cornered as 15-year power supply agreement that had been awarded to it by Pampanga II Electric Cooperative (PELCO II) as underpinned by a recently concluded tendering process. The Pampanga utility firm’s power supply requirement within the contract...
The subsidiary of Japanese firm Marubeni Corporation has inked a shareholders’ agreement with the energy investment arm of the Ayala group to firm up its acquisition of 50-percent stake in the corporate vehicle for the latter’s 150-megawatt Pililla diesel power project. The deal was cemented...
With the Department of Energy’s (DOE) moratorium on coal-fired power projects, there’s no doubt that the Philippine energy sector will be in for dramatic shifts and existential twists – not just in technology deployments but in the overall goal of greening the power mix. The emerging story of...
The 2021 budget of the Department of Energy (DOE) has been shored up so it will have leverage to fund studies on technologies that will rev up the country’s ‘energy transition’ paradigm. The extra allocation stood at P46 million – and these will be channeled to studies relating to...
The proposed revisions in the competitive selection process (CSP) for power supply agreements (PSAs) set the framework for unsolicited proposals or tenders that distribution utilities (DUs) may resort to on their power supply procurements. Under the draft supplemental Circular released by the...
Motorists using gasoline on their vehicles will need to shell out more cash this week, as the price of that commodity will go up by P1.15 per liter, based on the pricing adjustment advisory of the oil companies. For kerosene and diesel products, the price of these fuel commodities will also...
The Independent Electricity Market Operator of the Philippines (IEMOP) has deferred to middle of next year the commercial operations of the new market management system (NMMS) or the modified trading platform of the Wholesale Electricity Spot Market....
The Department of Finance (DOF) has been warned that the financial liabilities of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) would swell because of the insufficient budget the national...
To enhance energy capacity for the load network of its subsidiary Cotabato Light and Power Company in Mindanao, Aboitiz Power Corporation is pursuing an upgrade of its Malagapas substation in the service area of its power distribution firm. The company said it is in the process of installing a new...
Hefty price hikes of more than P1.00 per liter across products will distress consumers’ pockets next week, and this could further squeeze budgets that Filipino families would be allotting for the Christmas holidays. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) Based on the initial calculation of...
An additional P550 million allocation had been proposed in the P4.506 trillion budget of the Philippine government, so extra financial resources can be funneled into the repair of power lines damaged by calamities. Senate Committee on Energy Chairman Sherwin T. Gatchalian had pushed for that cash...
Electricity demand ‘tame’ in 2 months The manufacturing sector failed on its rebound momentum, hence, the country’s electricity demand had been ‘tame’ in the past two months, according to the operator of the Wholesale Electricity Spot Market. Isidro E. Cacho Jr., chief corporate strategy...
