State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is soliciting tenders from interested parties for its propounded ‘negotiated deal’ for the divestment of the government-owned Paco-Manila property that is situated in Isla de Provisor in city of Manila. The minimum...
Diversifying conglomerate San Miguel Corporation (SMC) will install a 200-megawatt solar farm to underpin the energy requirements of its P740-billion Bulacan airport project. The company said it wants that mammoth infrastructure venture to become the showcase of ‘clean energy’ investment...
The Department of Energy (DOE) has cornered 1,025 applications for renewable energy (RE) projects as of end-September this year, and this will yield up to 30,597 megawatts (MW) of additional power capacity for the Philippines once advanced to commercial operations. Effectively, this will be more...
Despite the economic malady instigated by the Covid-19 pandemic, Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) posted significant jump on its income to P1.66 billion in the three quarters this 2020, from last year’s leaner P578.70 million. Given the brisk financial performance of...
For its customers adversely affected by recent typhoons, power utility giant Manila Electric Company (Meralco) indicated that the utility firm shall be extending “payment leeway” on the bills of its subscribers. “We will be very considerate to customers affected by these two successive...
Transmission system operator National Grid Corporation of the Philippines (NGCP) set the record straight that it should not be blamed for the severe flooding incidents in Cagayan and Isabela provinces, because the company is not involved in matters relating to the release of water from the Magat...
Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products. The oil companies also enforced P1.30 per liter hike in the price of kerosene products, an...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according to Senate Committee on Energy Chairman Sherwin T. Gatchalian. Senator Sherwin Gatchalian (MANILA BULLETIN FILE...
Typhoon “Ulysses” showed its wrath not just with its blustering wind and the volume of rain it dumped on some areas, but also with brownouts while it pummeled Metro Manila and various parts of Luzon Thursday. A fisherman secures his wooden boat on a road in Santo Domingo, Albay province on...
Power utility giant Manila Electric Company (Meralco) said it will be monitoring the probable impact of higher power rates that will result from the scheduled maintenance at the Malampaya gas platform this month. (MB FILE, KJ ROSALES) The gas production facility, as advised to the Department of...
