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...
As it seriously takes its share of the burden on the global decarbonization goal, property developer Arthaland Corporation has signed a new power supply agreement (PSA) with Lopez-led First Gen Corporation for energy services that will ramp up its usage of renewable energy (RE) resources. According...
BACOLOD CITY – At least 47,000 households or 22 percent of the 224,000 consumers served by the Negros Electric and Power Corp. (NEPC/Negros Power) have been affected by the widespread unscheduled power interruption here since Wednesday night, August 21. AN employee of the Negros Electric and...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
With 2023 marked as the hottest year on record, the growing impact of human activity on our environment has become impossible to ignore. Asia, known for its vulnerability to natural disasters, is experiencing the effects more intensely than ever, according to a report from the World Meteorological...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power), the sole power distributor here, has refunded P2.8 million in bill deposits to 685 consumers in this city from June 2023 to this month. MARIA Cristina Cabalhin, MORE Power...
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...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
ILOILO CITY – The municipal council of Pavia, Iloilo has urged a joint venture agreement (JVA) between Iloilo Electric Cooperative-I (ILECO I) and MORE Electric and Power Corp. (MORE Power) which is set to expand to key areas of the province. A MORE Power lineman in Iloilo City. MORE Power is set...
The House Committee on Energy has begun deliberations on the finer detiails of the proposed amendments to the Electric Power Industry Reform Act (EPIRA) Law on Wednesday, Aug. 14, with the solons giving particular focus on how to strengthen...
President Marcos has approved the franchise bid of Leyte II Electric Cooperative (LEYECO II). President Ferdinand R. Marcos Jr. presides over the Private Sector Advisory Council (PSAC) meeting on Agriculture Recommendations at Malacañan Palace on Aug. 13, 2024. (Noel B. Pabalate) The move is aimed...
