Aboitiz Renewables, Inc. (ARI), a subsidiary of Aboitiz Power Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy (Vena Energy) for the planned 102-megawatt wind farm installation that will straddle Rizal and Laguna sites. In a statement to the media on Thursday,...
DAVAO CITY – Electricity rates in Davao City have stabilized as coal prices in the world market have decreased, an executive of the Aboitiz-owned Davao Light and Power Company (DLPC) said. Rodger S. Velasco, DLPC president and chief operating officer, told Wednesdays Media Forum at Habi at Kape...
Power utility giant Manila Electric Company (Meralco) is in talks with at least two American nuclear power companies for a "collaborative approach" on this technology as part of the long-term energy solution for the Philippines. Meralco Chairman and CEO Manuel V. Pangilinan noted that these...
Aboitiz Power Corp. (AboitizPower) subsidiaries Hedcor and Luzon Hydro Corp. (Luzon Hydro), together with Aboitiz Foundation Inc. (Aboitiz Foundation), donated rice and fuel to host communities hit by typhoon “Egay.” Egay devastated communities in northern parts of Luzon after its landfall on...
After terminating its 330-megawatt fixed priced power supply agreement (PSA) due to the recently rendered verdict of the Court of Appeals, a subsidiary of SMC Global Power Holdings Corp. has offered a replacement power supply deal to power utility giant Manila Electric Company (Meralco). Meralco...
FPM Power Holdings (Singapore) Ltd., an affiliate of Manila Electric Company (Meralco), will be joining the tender being carried out by the Singaporean government for its planned capacity shoring up to meet future energy demand growth. According to Meralco Chairman and CEO Manuel V. Pangilinan, the...
With the robust financial performance of its power generation and retail electricity supply (RES) portfolios, the consolidated core net income of Manila Electric Company (Meralco) rose 47 percent to a record high of P19.205 billion in the first half of this year versus P13.088 billion in the same...
Transmission firm National Grid Corporation of the Philippines (NGCP) is eyeing "technology clustering" as one systematic approach that it can operationalize to streamline approvals of system impact study (SIS) for energy projects. The company advanced that proposal ahead of the scheduled meeting...
President Ferdinand “Bongbong” Marcos Jr. has ordered the grant of real estate tax benefits to Independent Power Producers (IPP) operating under the Build-Operate-Transfer (BOT) scheme contracts with government-owned or -controlled corporations (GOCCs). *President Ferdinand ‘Bongbong’...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
Executive Secretary Lucas P. Bersamin, who serves as chairman of the Steering Committee for the Energy Virtual One-Stop Shop (EVOSS) system of project permitting, is pushing for a 60-day process from almost two years for the issuance of system impact study (SIS) for grid connection of power...
# DOE targets 8,000MW add'l capacity until 2028 By MYRNA M. VELASCO The Department of Energy (DOE) is eyeing roughly 8,000 megawatts of capacity addition to meet peak demand growth of up to 25,000MW (MW) until 2028 of the Marcos administration. The energy chief said the projected demand escalation...
