The Commission on Audit has upheld the decision of two state-run firms engaged in power management and distribution to spend US$ 2.69 million (approximately P134.5 million) in hiring foreign and local lawyers, together with expert witnesses, for legal representation in the arbitration proceedings...
Gen. Dionardo Carlos, chief of the Philippine National Police (PNP), ordered on Saturday, Dec. 4, to look into the bombing of a transmission tower of the National Grid Corporation of the Philippines’ (NGCP) in Maguing town of Lanao del Sur. “The investigation will establish what really...
Listed firm Synergy Grid and Development Philippines Inc. (SGP) has declared dividend payout of more than P1.053 billion to its investor-shareholders to be settled early next year. In a statement, the company specified that the total payout will be P1,053,173,200 or an equivalent of P0.20 per share...
A subsidiary-company of SN Aboitiz Power Inc. (SNAP) has filed a motion for reconsideration on the fines imposed by the Energy Regulatory Commission (ERC) on alleged ‘forced outage breach’ of its Ambuklao-Binga hydro power plant in Benguet. SNAP- Benguet said the regulator-enforced...
Transmission firm National Grid Corporation of the Philippines (NGCP) is scheduling P440 billion worth of investments that will be funneled to 211 projects to be concretized in a span of more than a decade. According to the company, the capital outlay will be spread over 13 years that will...
Start-up renewable energy (RE) firm Matuno River Development Corporation (MRDC) is advancing on to the commercial operation of its 8-megawatt hydroelectric power generating facility before the end of this year. The company announced that the run-of-river power project, which is sited in Bambang,...
Due to higher transmission charges, customers of Manila Electric Company (Meralco) will be shelling out heftier amount for their electricity bills this October, as the overall tariff of their servicing utility inched up by P0.0283 per kilowatt-hour (kWh) to P9.1374 from P9.1091 per kWh last month....
The Philippine Electricity Market Corporation (PEMC), in its capacity as governance body of the Wholesale Electricity Spot Market (WESM), is sorting out ‘refund mechanism’ on congestion charges collected from consumers in the Visayas grid. PEMC will also be taking the lead in enforcing the...
Romero-owned Fort Pilar Energy Inc. is out to challenge the dominance of the industry’s “big boys” as the company casts capacity buildup of up to 3,000 megawatts to become one of the major power sector players in the next five years. Belgrove Power photo Fort Pilar Energy Chief Executive...
More than 500,000 customers in Luzon and thousands more of Visayas customers suffered brownouts because of typhoon-induced trippings of transmission lines as well as damages incurred by power facilities. Cusi Photo As of press time, however, the Department of Energy (DOE) was not able to give...
Synergy Grid & Development Philippines Inc., which is a holding company affiliated with transmission firm National Grid Corporation of the Philippines (NGCP) is eyeing to raise more than P28.82 billion from its follow-on offering and sale of 1,053,500,000 common shares to the investing public....
Senator Risa Hontiveros on Sunday, August 15 decried the audacity at which the National Grid Corporation of the Philippines (NGCP) warned of future increases in electricity rates if it continues to contract suppliers for larger power reserves. Hontiveros said she is wondering how the NGCP is bold...
