AYALA-LED ACEN Corp. posted an attributable net loss of P1.19 billion for the second quarter, reversing the P3.57-billion net income recorded last year, citing a large impairment from its wind farms in Vietnam.
MANILA ELECTRIC CO. (Meralco) has entered into a 20-year power supply agreement (PSA) with First Quezon Biogas Corp. (FQBC) to source part of its renewable energy (RE) supply from a 1.4-megawatt (MW) biogas power plant.
THE Department of Energy (DOE) has commenced discussions with industry stakeholders in refining the draft Capacity Market policy, a move which will incentivize investors to provide adequate and reliable power generation capacity.
ALABAT Wind Power Corp. (AWPC), a unit of Alternergy Holdings Corp., has secured the green light from the Energy Regulatory Commission (ERC) to inject electricity from its 64-megawatt (MW) Alabat wind project into the Luzon grid via a transmission facility.
The National Grid Corporation of the Philippines (NGCP) recently conducted its annual blackout simulation drill to improve its grid response capabilities in the event of a system-wide blackout.
The Department of Energy (DOE) said it will release a new policy establishing a capacity market aimed at strengthening resource adequacy and enhancing grid reliability.
THE SUPREME COURT (SC) ruling confirming that the income taxes of private contractors in the Malampaya natural gas project are included in the government’s share of proceeds is expected to reassure investors, according to the Department of Energy (DoE).
The National Grid Corp. of the Philippines (NGCP) declared a yellow alert for the Visayas and Mindanao grids on Friday from 6 p.m. to 8 p.m., citing thin power reserves due to plant outages.
MERALCO PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), expects to deliver 10,346 megawatts (MW) of net sellable capacity and 5,288 MW of attributable capacity over the next five years, according to its president.
MANILA, Philippines — The Department of Energy (DOE) has cleared 17 renewable power projects to undertake a system impact study (SIS) with the National Grid Corp. of the Philippines.