The Department of Energy (DOE) and the National Electrification Administration (NEA) have announced that Siquijor Island Power Corp. (SIPCOR) will cease operations. In a briefing, Energy Secretary Sharon Garin said the Villar-owned power supplier will be replaced by TOTALPower, Inc., which will...
Around ₱5 billion worth of investments is the figure Maharlika Investment Corp. (MIC) has set upon entering a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will supply electricity to nearly 500,000 off-grid households in the Philippines. Winchell...
When President Marcos took office in 2022, his administration vowed to ramp up oil and gas investments, starting within the safer terrains of the Philippines’ exclusive economic zone (EEZ). It also eyed the flashpoint: restarting exploration and drilling in the contested waters of the West...
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
The Department of Information and Communications Technology (DICT) is carrying out a study to assess the feasibility of converting the long-mothballed Bataan Nuclear Power Plant (BNPP) into a hyperscale data center. As it stands, DICT Secretary Henry Aguda said the BNPP already has the...
Aboitiz Power Corp. expects to see improved performance in the second half of the year, driven by new supply deals and stronger plant operations. During the Philippine Stock Exchange’s (PSE) PSE STAR Investor Day, AboitizPower Chief Finance Officer (CFO) Sandro Aboitiz explained that the company...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Independent power producer (IPP) TeaM Energy Corp. has transferred its 735-megawatt (MW) Pagbilao coal-fired power plant to the government, following the expiration of its Build, Operate, and Transfer (BOT) contract. In a statement, TeaM Energy said Friday, Aug. 15, that the turnover to the Power...
Keen to advance nuclear energy development, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is set to receive funding support from the United States (US) government nearly three years after it first sought assistance to explore the potential of small modular reactors (SMRs). On the sidelines...
San Miguel Global Power (SMGP) said Wednesday, Aug. 13, that the Philippine Electricity Market Corp. (PEMC) has cleared its Ilijan Gas Power Plant of any violations related to a 2022 outage, calling a recent regulatory order from the Energy Regulatory Commission (ERC) “outdated and without...
The city government of Las Piñas announced that two barangays in the city will experience a power outage on August 14 due to line reconstruction works, installation, and retirement of facilities along Lalaine Bennet Street in Barangay Talon Dos. The Manila Electric Company (Meralco) will...
Lopez-led First Gen Corp. (FGen) is asserting that the extension of its power purchase agreement (PPA) with Manila Electric Co. (Meralco) for the 1,100-megawatt Santa Rita power plant is valid and essential for energy security. While the proposal still awaits approval from the Energy Regulatory...
