LAOAG CITY – The Ilocos Norte Electric Cooperative (INEC) is gifting consumers with an early Christmas present as it announced stable power rates this December.
SINGAPORE—Meralco PowerGen Corp., the power generation arm of Manila Electric Co. is in talks with engineering, procurement and construction (EPC) contractors for its coal plant expansion in Quezon province and Toledo City, Cebu with a combined capacity of 1,280 megawatts to help boost the country’s baseload power requirement..
As the world grapples with the urgent need to combat climate change, renewable energy (RE) investments have become a critical focus for many countries. Currently, the RE share in the Philippines’ power generation mix is at 22%. By 2030, the Philippines targets an RE share of 35%, 50% by 2040, and more than 50% by…
SINGAPORE — Meralco PowerGen Corp. (MGen), the generation arm of power giant Manila Electric Co. (Meralco), has estimated a capital outlay of at least $2 billion to develop two coal-fired power facilities in Cebu and Quezon.
ACEN Vietnam Investment Pte. Ltd., an affiliate of ACEN Corp., has acquired a 49% stake in the Vietnamese renewable energy firm BIM Energy Holding Corp. (BIMEH) for $70.5 million (P4.15 billion) to expand its project portfolio in the country.
A UNIT of Alternergy Holdings Corp. has sealed a long-term lease with the Philippine National Railways (PNR) for a portion of the latter’s property in Quezon province, making way for its P7-billion wind power project.
THE Department of Energy (DOE) and the Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro Autonomous Region in Musim Mindanao (BARMM) have signed a transition agreement that will facilitate the transfer of the administration, application and development of renewable energy in the Bangsamoro area.
PASIG CITY—The Energy Regulatory Commission (ERC) has imposed penalties on the National Grid Corporation of the Philippines (NGCP), the country’s transmission grid and system operator, for failing to meet the timelines the Commission set for the implementation of 27 Capital Expenditure (CAPEX) projects across various parts of the country. This follows an earlier Decision in…
Jurong Island, SINGAPORE— PacificLight Power Pte. Ltd., controlled by Meralco PowerGen Corp. (MGen), plans to spend around $900 million to double its capacity, aiming to be a leading energy supplier here in the island country.
THE National Grid Corporation of the Philippines (NGCP) has fully energized its 230-kiloVolt (kV) Cebu-Bohol Interconnection project with a capacity of 1,200 megawatts (MW).