State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has formally notified qualified bidders this week that it canceled the independent power producer administrator (IPPA) privatization mode for the 796-megawatt Caliraya-Botocan-Kalayaan (CBK) hydropower complex in Laguna....
Like a high voltage shock, the 20 percent shares sell-down of the National Grid Corporation of the Philippines, via parent firm Synergy Grid and Development Philippines, Inc., sent the entire industry reeling last week, and The missing piece of the puzzle had been: what covert forces were at play...
The Philippine Rural Electric Cooperatives Association (Philreca) has expressed concerns about Senate Bill No. 2888, which could allow Davao Light and Power Company, Inc. (DLPC) to take over the franchise area of the Northern Davao Electric Cooperative, Inc. (Nordeco). In a letter to lawmakers...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
ILOILO CITY – A deal has been inked for the construction of a solar power plant project in northern Iloilo province. Joy~Nostalg Solaris Inc. (Solaris) recently signed an engineering, procurement, and construction (EPC) contract with China Energy Engineering Group Northeast No. 1 Electric...
Three Philippine power giants—Manila Electric Company (Meralco), Aboitiz Power Corporation (AboitizPower), and San Miguel Global Power Holdings Corporation (SMGP)—have strengthened their alliance with the recent financial close of a $3.3 billion (approximately ₱192.9 billion) deal. In...
Renewable energy firm Citicore Renewable Energy Corp. (CREC) and San Miguel Global Light and Power Corp. (SGLP) plan to complete their solar plant project by 2026, with construction commencing this year. In a briefing, Oliver Tan, CREC president said that the 153.5-megawatt (MW) solar power project...
ILOILO CITY — MORE Electric and Power Corp. (MORE Power) assured the people of steady power for the weekend highlight of the 2025 Dinagyang Festival. LINEMEN of MORE Power in Iloilo City. (Tara Yap) “We want to ensure that everyone can enjoy the Dinagyang celebrations...
SAGIP Party-list Rep. Rodante Marcoleta (Facebook) SAGIP Party-list Rep. Rodante Marcoleta took issue with what he described as the undue focus given to transmission company National Grid Corporation of the Philippines (NGCP) on the problem of...
ILOILO CITY – The Razon-owned MORE Electric and Power Corp. (MORE Power) has been recognized for its contributions to the economic growth of this city. MORE Power linemen in Iloilo City. (Tara Yap) The Iloilo City Council passed a resolution that cited MORE Power’s role in economic growth...
DMCI-led Semirara Mining and Power Corporation (SMPC) is forecasting nearly P7 billion in capital expenditures (capex) for 2025, with the majority allocated for coal development. In a briefing, SMPC announced an anticipated P6.9 billion group capex. Approximately 84 percent of this amount (P5.8...
The Department of Energy (DOE) is supporting eight developers to pursue offshore wind (OSW) projects totaling nearly 17,000 megawatts (MW) set to begin construction in 2027. According to DOE data, these frontrunner projects have a potential capacity of 16,652 MW and are located in several...
