London-headquartered private equity firm Actis is injecting colossal investment of $600 million (approximately P34 billion) for its 40 percent equity acquisition in the $4 billion Terra Solar project being advanced to commercial fruition by SP New Energy Corporation (SPNEC) of the Manila Electric...
There’s no power outage whatsoever for Meralco even as injuries continued to plague their key players and that is largely due to the superb play from their shocktroopers who proved to be ready to fill in the void when their numbers are called upon. The Bolts head coach Luigi Trillo was all...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
The Department of Energy (DOE) is currently studying a policy for the repurposing of diesel-fired power plants by integrating biofuel blend of as much as 55% (or B55) by volume, according to Energy Undersecretary Felix William B. Fuentebella. “We’re developing a strategy for B55 to enable the...
Manila Electric Company (Meralco) has assured its readiness to manage potential power outages as Tropical Storm “Enteng” intensifies, bringing heavy rainfall to Luzon. In a statement, Meralco, the country’s largest power distributor, recorded 28,256 affected customers with power...
Allen Durham flirted with a triple-double as Meralco used a huge third-quarter storm to sink NorthPort, 109-99, and get a share of the Group A lead with TNT in the PBA Season 49 Governors’ Cup at the Ninoy Aquino Stadium on Sunday, Sept. 1. The hulking import presided over the third quarter...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
Power utility giant Manila Electric Company (Meralco) is ramping up its investment on enhancing the professional skills of prospective workers in the resuscitated nuclear power industry of the Philippines through the new scholarship deals it inked with Canadian and American universities. The...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
Power utility giant Manila Electric Company (Meralco) has rescheduled to August 27 this year the final submission of offers for its 600-megawatt baseload capacity sourcing that will be slated for delivery by August next year. In a new bid bulletin issued on Monday, Aug. 19, Meralco specified that...
As the Taguig regional trial court (RTC) has junked the bid for injunctive relief of the Malampaya consortium members, power utility giant Manila Electric Company (Meralco) indicated that it is already planning to reschedule the competitive selection process (CSP) or bidding for the procurement of...
