The National Electrification Administration (NEA) has partnered with a Spanish engineering firm in an effort to link Camiguin Island to the Mindanao power grid. In a statement, NEA said it signed a feasibility study contract with Osprel SL, a Madrid-based engineering consultancy, to conduct...
The Independent Electricity Market Operator of the Philippines (IEMOP) has assured that the Wholesale Electricity Spot Market (WESM) will see stable prices even after the 2025 midterm elections. In a briefing on Tuesday, May 6, Isidro Cacho Jr., IEMOP head of trading operations stated that the...
Looking ahead to this year’s goal of boosting its performance in the energy sector, Consunji-led Semirara Mining and Power Corp. (SMPC) plans to continue its exploration of the 700-megawatt (MW) Saint Raphael Generation Corp. (SRGC) project. During the company’s annual stockholders’ meeting...
A legal entanglement concerning intellectual property (IP) related to a reactor design, which South Korea encountered with the American firm Westinghouse Electric Company, continues to impede the targeted feasibility study intended to evaluate the potential for reactivating the mothballed...
Students and business owners in Barangay Malabog, Davao City are able to progress as accessible electric power finally reaches their homes and establishments. Mitch Balbuena, 14, dreams of being a teacher but initially found it hard to focus on her studies, relying on intermittent power from solar...
Aboitiz Power Corp. (AboitizPower) reported a dip in its net income contribution to its parent, Aboitiz Equity Ventures, Inc. (AEV), during the first quarter of 2025. In a disclosure to the Philippine Stock Exchange on Tuesday, April 30, the company said lower prices in the Wholesale Electricity...
Aboitiz Power Corporation (AboitizPower) plans to raise up to ₱30 billion from a planned bond issuance, representing the initial tranche of its new three-year Shelf Registration program of up to ₱100.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
Passengers crowd the train entrances at Sants station in Barcelona, Spain, Tuesday, April 29, 2025. (AP Photo/Emilio Morenatti) MADRID (AP) — The cause of Spain and Portugal's widespread blackouts remained a mystery on Tuesday, with some isolated disruption remaining after power was...
People wait outside a closed train station, during a major power outage in Barcelona, Spain, Monday, April 28, 2025. (AP Photo/Emilio Morenatti) BARCELONA, Spain (AP) — Officials in Spain and Portugal raced to restore electricity early Tuesday after a huge power outage that grounded...
It’s a busy year for Aboitiz Power Corp. (AboitizPower), as it presented six renewable energy (RE) projects and a coal plant expansion up for completion by 2026. During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower’s president and chief executive officer (CEO), disclosed...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. “The extension of the corporate life of...
