While far-flung areas in the country struggle to secure reliable and clean electricity, state-run National Power Corp. (Napocor) is working to reduce its reliance on diesel fuel for electrification, in line with the government’s push for renewable energy (RE) and to curb high power costs. In an...
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
Consumers in Catanduanes will be forced to sweat through longer hours of rotational brownouts due to the ₱538 million worth of unpaid obligations of state-run National Power Corporation (NPC) to power supplier Sunwest Water and Electric Co. Inc. (SUWECO). SUWECO, which operates at least five...
The National Power Corporation (NPC) has sought approval from the Energy Regulatory Commission (ERC) to recover costs through incremental currency exchange rate adjustment (ICERA). A notice posted by the ERC showed that NPC has requested approval for the recovery of approximately ₱21 million,...
The Energy Regulatory Commission (ERC) has approved three projects by the National Grid Corporation of the Philippines (NGCP) aimed at enhancing the reliability and stability of the transmission grid in Luzon and Visayas. In a statement, NGCP said the approved projects include the Northern Luzon...
State-run National Power Corporation (Napocor) is aiming to resolve its budget deficit by the first quarter of 2025 to ensure uninterrupted power supply in its remote coverage areas. During a Senate hearing on Thursday, Oct. 17, Bernadette Rivero, Napocor manager of strategic business planning,...
Kuala Lumpur — State-run National Power Corporation (Napocor) is seeking additional funding through a loan by next year to bolster its power supply and prevent potential outages. On the sidelines of Enlit Asia 2024, Napocor President Fernando Roxas said that they are exploring a loan of around...
The exclusion of off-grid areas from the coal moratorium is being sought so the lingering woes of consumers over power service interruptions as well as exorbitant rates can be resolved, according to an industry player that has been providing electricity services to these sites. DMCI Holdings...
State-run firms Philippine National Oil Company (PNOC) and the National Power Corporation (NPC) have inked a memorandum of understanding (MOU) that will cement their collaboration on setting up a pilot project for the rollout of hybrid systems leaning on solar and wind farms in energizing off-grid...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
The full energization of at least eight unserved off-grid domains in the provinces of Quezon, Palawan and Cebu will finally take off as the Department of Energy (DOE) has already awarded the contract that shall underpin the project’s implementation and eventual commercial operations. The...
