MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
The government should hold accountable generating companies (Gencos) that are unable to provide a stable supply of electricity, Sen. Sherwin Gatchalian said. Gatchalian said these Gencos should be held accountable for power outages that result in great economic losses to their clients....
Following the shutdown of a power station last Jan. 17, the Department of Energy (DOE) said that Panay Island's electricity supply remained stable, and normal operations were resumed within a few hours. In a statement, Energy Assistant Secretary Mario Marasigan said that there are no rotational...
Senator Grace Poe on Thursday, January 18 urged the government, the National Grid Corporation of the Philippines (NGCP), and other stakeholders to immediately put a stop to the rotational blackouts occurring in the Western Visayas region. “The rotational blackout in parts of Western...
Alcantara-led Alsons Power Group is extending help to the Technical Education and Skills Development Authority (TESDA) for the capacity enhancement of technically-skilled workers in Mindanao, primarily in the SOCSKSARGEN region which is among the core communities of its power projects. Alsons Power...
ILOILO CITY – MORE Power, this city’s power distribution utility, warned that prolonged power interruptions following the New Year blackout that affected Panay Island can happen again if the National Grid Corp. of the Philippines (NGCP) fails to finish a key facility in Iloilo. Roel Castro,...
Camarines Sur 2nd district Rep. LRay Villafuerte has asserted that the failure of National Grid Corporation of the Philippines (NGCP) to expand and upgrade the country’s power grid is “reason enough for the Congress to consider recasting, if not revoking, its franchise”. In a statement on...
State-run National Power Corporation (NPC) is eyeing to expand its cooperation with Korea Water Resources Corporation or K-Water, primarily on the sphere of dam safety – given that sizeable pie of the country’s power supply is still drawn from hydropower facilities. The planned expanded...
Presidential Adviser on Poverty Alleviation Secretary Larry Gadon believes that energy security is key to the country’s economic development as he begins working with foreign investors on the possibility of bridging the Philippines’ gaps in power capacity. Secretary Larry Gadon (PTV screenshot)...
The Department of Energy (DOE) is recommending the establishment of a ‘new protocol’ that shall firmly guide National Grid Corporation of the Philippines (NGCP) on power supply-demand balance at the course of its grid operations during emergency situations. As stated by Energy Undersecretary...
An increase of P0.0846 per kilowatt hour (kWh) in the January billing cycle of Manila Electric Company (Meralco) will bring slight squeeze in the pockets of its roughly 8.0 million customers in the initial month of this year. The power utility firm announced that its tariff will climb to P11.3430...
ACT Teachers Party-list Rep. France Castro (PPAB) To prioritize service over profit, House Deputy Minority leader and ACT Teachers Party-list Rep. France Castro has espoused proposals to nationalize the power industry. Castro says that the option of a State...
