State-backed Maharlika Investment Corporation (MIC) is muscling up its energy game, as it just recently brought in former National Power Corporation (NPC) President Ma. Gladys Cruz-Sta Rita in its executive team as Vice President of Investment Management Group, a strategic hire that could help beef...
Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment. In a telephone interview on...
Looking ahead to this year’s goal of boosting its performance in the energy sector, Consunji-led Semirara Mining and Power Corp. (SMPC) plans to continue its exploration of the 700-megawatt (MW) Saint Raphael Generation Corp. (SRGC) project. During the company’s annual stockholders’ meeting...
The Energy Regulatory Commission (ERC) has approved nine ancillary services procurement agreements (ASPA) between the National Grid Corporation of the Philippines (NGCP) and various power suppliers. These agreements will enable NGCP to procure ancillary services essential for ensuring the reliable...
The Energy Regulatory Commission (ERC) announced that it has finished its evaluation of the National Grid Corporation of the Philippines’ (NGCP) fourth regulatory period (4RP) reset. In a statement on Wednesday, April 16, the Energy Regulatory Commission (ERC) announced the completion of its...
Consumers will experience a slight uptick in April’s electricity bills due to higher transmission charges, the National Grid Corporation of the Philippines (NGCP) announced. In a briefing on Tuesday, April 15, Julius Ryan Datingaling, NGCP's head of business and regulatory development, explained...
Electric distributor MORE Electric and Power Corp. (MORE Power) welcomed the energization of a new transformer of the National Grid Corp. of the Philippines (NGCP) in Iloilo City. THE swinging of the Baldoza feeder using a bypass line to facilitate load transfer to the newly commissioned 100 MVA...
NGCP Spokesperson Cynthia Alabanza The National Grid Corporation of the Philippines (NGCP) announced that it has 10,260 megawatts (MW) of available transmission capacity, with a significant portion allocated to Luzon. Specifically, NGCP said Luzon has approximately 6,573 MW, Visayas has...
The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) should ensure there is reliable power supply ahead as the country braces for the summer season. Sen. Sherwin Gatchalian pointed this out as he urged both the DOE and the ERC to ensure generation companies are compliant...
The National Grid Corporation of the Philippines (NGCP) reported that the Tuy-Dasmariñas transmission line, aimed at increasing generation capacity in the south, is nearing completion. In briefing, Redi Allan Remoroza, NGCP assistant vice president and head of transmission planning, stated that...
The National Grid Corporation of the Philippines (NGCP) has welcomed the decision of the Singaporean tribunal and assured that the concession agreement will remain unchanged. In a briefing on Wednesday, Feb. 26, NGCP spokesperson Cynthia Alabanza explained that the recent arbitration case versus...
The Energy Regulatory Commission (ERC) announced that it has deferred six capital expenditure (capex) projects of the National Grid Corporation of the Philippines (NGCP). In a decision posted on Feb. 24, the ERC cited pending issues that needed to be addressed before approving the NGCP projects....
