Author Archives: LM Staff

NEA lauds ZAMCELCO for lower system loss

State-owned National Electrification Administration (NEA) lauded the Zamboanga City Electric Cooperative for reducing its system...

DOE sees fuel prices rising starting Aug. 18, strategic stockpile moves forward

The Department of Energy (DOE) said fuel prices will rise for the week of August...

Visayas, Mindanao grid alerts may persist, says DOE

THE Department of Energy said Monday that red and yellow alerts in the Visayas and...

Ramon Ang’s latest power move triggers ERC review over anti-trust rules

The Energy Regulatory Commission (ERC) is studying tycoon Ramon Ang’s acquisition of a minority stake...

FPH rejects KKR’s bid to acquire 8.43% First Gen stake

Lopez-owned First Philippine Holdings Corp. (FPH) rejected a non-binding proposal from global investment firm Kohlberg...

Shell Energy Philippines Advances 30 MW/60 MWh Hermosa Battery Storage Project

Shell Energy Philippines has moved its Hermosa Battery Energy Storage System (BESS) project in Hermosa,...

NAPOCOR to add 6.16M liters in fuel storage by 2029

The National Power Corporation (NAPOCOR) is targeting an additional 6.16 million liters of fuel storage...

Alternergy gets PRS Aa- rating for PHP 2B corporate notes

Alternergy Holdings Corp. has secured an investment-grade PRS Aa minus rating with a Stable Outlook...

CREC profit jumps 92% as renewable capacity expands

Citicore Renewable Energy Corp. (CREC) posted a 92% increase in net income to PHP .2...

ERC weighs power-sector limits after Ang’s Lopez stake buy

THE Energy Regulatory Commission (ERC) is assessing whether businessman Ramon S. Ang’s acquisition of a...