The industrial sector has started showing signs of prospective rebound as the drop on energy sales had already narrowed down to 1.0%, power utility giant Manila Electric Company (Meralco) has noted. Sales to manufacturing facilities and key industries, the power firm said, hovered at 10,570...
West Zone concessionaire Maynilad Water Services, Inc. said the company will put higher discounts on the water bills of low-income and low-consuming customers. Starting Jan. 1, 2024, Maynilad will launch the Enhanced Lifeline Program (ELP) as a way to extend greater discounts to marginalized...
Buoyed by the strong financial showing of its power generation business portfolio, the consolidated core net income of power utility giant Manila Electric Company (Meralco) had surged 53-percent to P30.023 billion in this year’s nine-month period versus P19.605 billion within a comparative period...
Katrina Maria S. Razon, daughter of tycoon Enrique K. Razon Jr., has recently been appointed to the board of directors of Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Monday, Nov. 6, the East zone water concessionaire announced that the 32-year-old Razon has taken on...
Angat Dam, Metro Manila’s potable water and energy supply source, has recorded an increase in its water levels, according to Maynilad Water Services, Inc. In a statement, Maynilad reported that the Angat Dam reached 209.20 meters, which is 0.67 meter higher than last week’s record. To compare,...
To fulfill the President’s mandate for the country’s full electrification during his term, the Department of Energy (DOE) is scheduling within this quarter the first competitive selection process (CSP) or auction for the investors being enticed to energize more than 15,000 households along the...
West zone concessionaire Maynilad Water Services, Inc. submitted an application for the extension of its concession agreement to the Metropolitan Waterworks and Sewerage System (MWSS). In the application, the company requested an operating extension from July 31, 2037, to Jan. 21, 2047 to align the...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
Despite forecasts of ‘yellow alert’ that could strain Luzon grid, the Department of Energy (DOE) is trying to lean on a 700-megawatt supply buffer or reserve margin to avert incidents of electricity service interruptions during the October 30 Sangguniang Kabataan (SK) and barangay elections....
West Zone concessionaire Maynilad Water Services, Inc. has fixed over 27,000 pipe leaks in the third quarter as part of its ongoing effort to reduce non-revenue water (NRW). In a statement, Maynilad said on Thursday, Oct. 26, that the repairs from July to September 2023 brought its total...
The retail electricity supplier (RES) arm of Aboitiz Power Corporation has inked a deal to supply the electricity needs of NoBia Inc., the commissary support to the Max’s group of restaurants. In a statement to the media, Aboitiz Power noted that it will satiate the power needs of NoBia –...
Maynilad Water Services, Inc. has announced plans to upgrade the Putatan Water Treatment Plants (WTP) 1 and 2 in Muntinlupa City to address the worsening water condition in Laguna Lake. With an allocated budget of P1.14 billion, Maynilad said in a statement on Thursday, Oct. 19, that it aims to...
