Power utility giant Manila Electric Company (Meralco) is seeking the approval of the Department of Energy (DOE) for its “emergency procurement” of 220 to 260 megawatts of power capacity to augment electricity supply during the summer months. The company said for its proposed interim power...
Listed firm Aboitiz Power Corporation has earmarked P23 billion capital expenditures (capex) this year that shall be funneled mainly to the completion of its 1,336-megawatt Dinginin coal-fired power facility and the concretization of pipelined battery energy storage system (BESS) projects. The...
Reopening the Philippine economy from all the coronavirus disease (COVID-19)-triggered lockdowns presents a "challenge" to the local power industry. Department of Energy (DOE) Secretary Alfonso Cusi (Photo from DOE Facebook) Thus, said Department of Energy (DOE) Secretary Alfonso Cusi on Tuesday,...
Meralco PowerGen Corporation (MGen), the power generation investment subsidiary of Manila Electric Company (Meralco) has completed the acquisition of the shareholdings of affiliate firm Global Business Power Corporation (GBP) on March 31 this year, according to Meralco executives. To partly fund...
The consolidated core net income of power utility giant Manila Electric Company (Meralco) was still lower by 11-percent to P5.11 billion in the first quarter versus a heftier profitability of P5.724 billion in the same period last year pulled down by lower energy sales. Nevertheless, the power...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
Oil companies have advised of higher prices this week at the scale of P0.45 per liter for gasoline; and P0.35 per liter for diesel products as advised by the oil companies. Another commodity that will have a price hike of P0.65 per liter this week is kerosene, which is an essential fuel used in...
The Philippine Electricity Market Corporation (PEMC), which regulates the Wholesale Electricity Spot Market (WESM), is seeking approval for an additional spot market transaction fees to be slapped to participants of the Renewable Energy Market (REM) to support operational expenses. In its filing...
The Department of Energy (DOE) has entered into a memorandum of agreement (MOA) with the Department of Trade and Industry (DTI) for them to collaborate on the formulation of propounded Philippine National Standards (PNS) for the country’s natural gas industry. Based on the pact sealed by the two...
Senator Sherwin Gatchalian on Sunday expressed fears that the upcoming power outages next month could affect the government’s rollout of the coronavirus (COVID-19) vaccines. According to Gatchalian, there is a strong possibility several parts of Luzon would be experiencing rotational brownouts...
Filipino consumers will need to beef up their fuel budgets as prices at domestic pumps could slightly rise again next week based on the calculations of oil industry players. For gasoline products, the estimates would be an increase of P0.40 to P0.50 per liter while diesel by a marginal P0.25 to...
The country’s electric cooperatives (ECs) are stepping up restoration efforts to bring back electricity supply in many areas that had been recently pummeled by typhoon Bising – primarily those in Visayas and the Bicol region. The National Electrification Administration (NEA), which has...
