State-run Maharlika Investment Corp. (MIC), the country’s first sovereign wealth fund (SWF) manager, may have to wait a few more months, possibly before year-end, to secure a foothold in the operator of the Philippine power grid as its planned investment in Synergy Grid & Development Philippines...
About four months after the Visayas began experiencing continuous power strains that triggered yellow and red alerts across the region, there may finally be a light at the end of the tunnel: the National Grid Corporation of the Philippines (NGCP) is projecting relief by the end of August. NGCP...
ZAMBOANGA CITY- The National Grid Corporation of the Philippines (NGCP) has placed the Mindanao grid under yellow alert status on Tuesday, August 11 after its operating margin failed to provide sufficient power to meet the transmission grid’s contingency requirements. The grid was placed on...
Amid the inclement weather, the already fragile Visayas grid has been placed on its fourth red alert since July, according to National Grid Corp. of the Philippines (NGCP). NGCP announced on Monday, Aug. 10, that Visayas would be on red alert until 9 p.m., while a yellow alert would follow from 9...
PHILRECA Party-list Rep. Presley de Jesus has placed the onus on the Department of Energy (DOE) to end its habit of allowing generation companies to build power plants wherever they choose. This, as De Jesus cited in a recent House Committee on Energy hearing that strategic siting near existing...
Households and businesses face higher electricity bills this month after the country’s private grid operator raised transmission rates, driven by the double-digit surge in the cost of securing backup power reserves. Julius Ryan Datingaling, National Grid Corporation of the Philippines (NGCP)...
To address the growing power demand in Mindanao, state-run National Power Corp. (Napocor) is set to gradually switch on multiple power units of the Agus-Pulangi hydroelectric plants through the end of this month until August. In a statement on Wednesday, June 24, Napocor said its power assets are...
For decades, the relationship between Filipino consumers and their electricity providers was entirely one-sided. If you lived in Metro Manila, you paid whatever the Manila Electric Co. (Meralco) billed you. If the summer heat strained the power plants feeding the high-voltage lines of the National...
The National Grid Corporation of the Philippines (NGCP) said it will actively evaluate new regulatory guidelines that strip away its exclusive control over building the country’s power lines, aiming to protect the legal and operational framework of the national transmission network. The privately...
The Department of Energy (DOE) expects power supply constraints in Visayas to ease by next month, betting on upcoming generation capacity and seasonal rains to temper prolonged strain on the regional electricity grid. Energy Secretary Sharon Garin said on Tuesday, June 16, that the government is...
The Mindanao grid is expected to return to normal conditions soon after being placed under yellow alert on Wednesday, June 10, following power supply disruptions partly caused by the recent 7.8-magnitude earthquake. Energy Secretary Sharon Garin said roughly 800 megawatts (MW) of capacity initially...
The Department of Energy (DOE) reported that restoration efforts are underway following a powerful magnitude 7.8 earthquake that struck southern Mindanao, with government personnel and energy sector partners working to safely re-energize affected communities. In a statement on Tuesday, June 9, the...
