Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy...
Buoyed by the strong financial showing of its power generation business portfolio, the consolidated core net income of power utility giant Manila Electric Company (Meralco) had surged 53-percent to P30.023 billion in this year’s nine-month period versus P19.605 billion within a comparative period...
MANILA/SAN FRANCISCO – The government of the United States is optimistic on the signing of a historic ‘123 Agreement’ on nuclear power with the Philippine government that could help Filipino investors gain access not just to cutting-edge nuclear power technologies – including those of the...
Aboitiz Power Corp. reported a decrease in profit in the third quarter of the year due to lower non-recurring gains and refunds given to consumers. In a disclosure to the Philippine Stock Exchange on Tuesday, Oct. 31, AboitizPower said its consolidated net income reached P8.9 billion from July to...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power), the sole power distributor here, said no power interruption disrupted the barangay and Sangguniang Kabataan elections in this city on Monday, October 30. A MORE Power team is deployed at Jalandoni Memorial Elementary School in Iloilo City...
To fulfill the President’s mandate for the country’s full electrification during his term, the Department of Energy (DOE) is scheduling within this quarter the first competitive selection process (CSP) or auction for the investors being enticed to energize more than 15,000 households along the...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
Despite forecasts of ‘yellow alert’ that could strain Luzon grid, the Department of Energy (DOE) is trying to lean on a 700-megawatt supply buffer or reserve margin to avert incidents of electricity service interruptions during the October 30 Sangguniang Kabataan (SK) and barangay elections....
The retail electricity supplier (RES) arm of Aboitiz Power Corporation has inked a deal to supply the electricity needs of NoBia Inc., the commissary support to the Max’s group of restaurants. In a statement to the media, Aboitiz Power noted that it will satiate the power needs of NoBia –...
Aboitiz Power Corp. and South Cotabato Electric Cooperative Inc. (SOCOTECO-I) have collaborated to donate electric supplies to Barangay Benitez in South Cotabato. Based on the 2020 census, the donation would power 1.8 million Filipino households, in line the government’s goal to successfully...
In the country’s bid for nuclear power development renaissance, the Philippine government – through the Department of Energy (DOE) – has been in search for viable financing tools and instruments that shall underpin planned deployments not just of the small modular reactors (SMRs) but also...
SEOUL – European firm Tractebel Engineering is offering latest innovation on floating substations as technology solution for gigawatt-scale offshore wind farm projects currently being advanced in various energy markets in the Asian region. At the ongoing 2nd Korea Offshore Wind and Hydrogen...
