TORONTO – Long term power supply agreements (PSAs) may thrive as the ‘gold standard’ in securing the confidence of investors if the Philippines will ultimately decide on integrating nuclear power as a strategic component of its future energy mix, according to the Energy Regulatory Commission....
European firm Mainstream Renewable Power (Mainstream) has signed service contracts with the Department of Energy (DOE) for two greenfield onshore wind power projects to be developed separately at demarcated sites in Luzon and Visayas grids. The service contracts were secured by Mainstream on 100%...
The Department of Finance (DOF) is open to consider the proposal to reevaluate the possibility of reactivating the mothballed Bataan Nuclear Power Plant (BNPP). In an effort to address the high electricity costs in the country, Finance Secretary Ralph G. Recto said the planned third-party...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
TORONTO – The Nuclear Energy Program Inter-Agency Committee (NEPIAC) led by the Department of Energy (DOE) is seeking the concurrence of the Department of Finance (DOF) to a proposed deal with the South Korean government on a new feasibility study that must be undertaken to re-assess technical...
The Yuchengco Group’s EEI Corporation reported that its subsidiary EEI Power Corporation (EEIPC) has inked a deal for the construction of a 145.2kWp Solar PV rooftop system with Dagupan Doctors Villaflor Memorial Hospital (DDVMH) in Mayombo District, Dagupan City. Present at the EEI Power-DDVMH...
TORONTO – The Philippine government is exploring collaboration or cooperation deal with the Canadian government and its industry players on reinforcing research and development (R&D) initiatives that will aid the country on its nuclear rebirth by the turn of the decade. That intent has been...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power), the sole electric distributor of this city, has launched the first modern power control center in Panay Island. THE new control center of MORE Electric and Power Corp. (MORE Power), the sole electric distributor in Iloilo City. (MORE...
Aboitiz Power Corp. (AboitizPower) posted a significant rise in profit last year, buoyed by the strong performance of its generation and distribution businesses. In a disclosure to the Philippine Stock Exchange, AboitizPower reported that its net income from January to December 2023 grew by 27...
Ayala-led ACEN Australia inked a deal with Marubeni Asian Power Singapore to develop a battery energy storage system (BESS) in New South Wales, Australia. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 5, ACEN said the company and Marubeni are set to produce 200 megawatts (MW)...
The Senate Committee on Energy is confident that the bill seeking to develop the country’s natural gas industry would not only help enhance the country’s energy security but also increase employment opportunities for Filipinos as well. An LNG cargo arriving at the plant site in...
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
