The Department of Energy (DOE) is awaiting policy updates from the Department of Environment and Natural Resources (DENR) to reassess the transition of coal power facilities to renewable energy (RE).

SAN ROQUE Hydropower, Inc. (SRHI), a unit of San Miguel Global Power, Inc. (SMGP), is expanding its renewable energy portfolio with a planned 400-megawatt (MW) pumped-storage hydropower project in Pangasinan.

Meralco PowerGen Corp. (MGEN), the power generation unit of Manila Electric Co., announced Friday the adoption of IBM Maximo Application Suite (MAS), an advanced asset lifecycle management (ALM) solution.

THE Manila Electric Co. (Meralco) may report “slightly higher” electricity sales during the first half of the year versus the same period a year ago, an official said over the weekend.

Amid high power costs

AYALA-LED ACEN Corp. is infusing P875 million into its subsidiary, Buendia Christiana Holdings Corp. (BCHC), to support the acquisition of land parcels intended for future power projects.

MANILA, Philippines — BDO Unibank Inc. is extending its full financial backing to ACEN Corp.’s landmark onshore wind power project, touted to be the largest in the Philippines, as part of a broader push to accelerate the country’s shift to renewable energy.

MANILA ELECTRIC CO. (Meralco) said it has upgraded the power transformer bank at its Duhat Substation in Bocaue, Bulacan to improve power quality in the area.

ELECTRICITY RATES may decline to below 50 centavos per kilowatt-hour (kWh) by 2050 as new renewable energy (RE) projects under the government’s Green Energy Auction Program (GEAP) come online, the Department of Energy (DoE) said.

Electricity prices are seen to significantly go down once the Department of Energy completes the five rounds of Green Energy Auction Program (GEAP), the agency said Wednesday.