Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
Now that she’s officially appointed at the “hot seat” of the Department of Energy (DOE), the honeymoon is over from her day one in office as designated Energy Secretary Sharon S. Garin is not exactly a newbie in the sector – so, it’s time for her to deliver electricity consumers’...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
Aboitiz Power Corporation announced that its oil-fired power plant in Cebu is set to reach the end of its corporate lifespan by next year, a few years after its electrification. In a disclosure to the Philippine Stock Exchange on Tuesday, July 8, Aboitiz Power said that the Cebu Private Power Corp....
BACOLOD CITY – Mayor Marina Javellana-Yao recently welcomed a possible wind energy investment in Bago City, Negros Occidental by Thailand-based firm. Yao expressed optimism for potential economic growth and job opportunities as Sermsang Power Corp. explores the windmill project. During an...
Razon-led Primelectric Holdings, Inc. has partnered with Saudi Arabian firm ACWA Power Co. to explore renewable energy (RE) and energy storage opportunities in Western Visayas and Palawan. In a statement on Monday, July 7, Primelectric announced that it signed a joint study agreement with ...
As of Friday (July 4), the energy sector was buzzing with one juicy tidbit: OIC Sharon Garin 's appointment papers will reportedly make her ‘Acting’ Secretary. Naturally, the whole industry has raised eyebrows and asked in chorus: Wait, is the search for the next Energy Secretary still...
After the successful bidding to privatize the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, the government and private-sector players may next look forward to another public-private partnership (PPP) in rehabilitating the decades-old Agus-Pulangi hydropower complex in Mindanao. Power...
ILOILO CITY – A recent surgical mission benefited 22 children from low-income families in the city and province of Iloilo. The World Surgical Foundation Philippines (WSFP) partnered with power distributor MORE Electric and Power Corp. (MORE Power) to bridge the gap of children from low-income...
Razon-led MORE Electric and Power Corporation (MORE Power) is raising the share of clean energy in its portfolio with the signing of a new Power Supply Agreement (PSA) that will add 6.6 megawatts (MW) to its Renewable Portfolio Standard (RPS) requirement. The agreement was signed between MORE Power...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
