State-run National Electrification Administration (NEA) reported an initial estimated damage of over P40 million on electric cooperative (EC) facilities from the four major storms that hit the Philippines in November.
Alcantara-led Alsons Consolidated Resources Inc. (ACR) posted a net income of P1.88 billion in January to September, up 6 percent from P1.77 billion in the same period a year ago due to the strong performance of its power assets.
TACLOBAN CITY – Linemen from 11 electric cooperatives in the country will be sent to Catanduanes to help restore electricity in the province under Task Force Kapatid-Super Typhoon “Pepito” (Man-yi).
A SENATOR has filed a bill seeking to renew Manila Electric Co.’s (Meralco) franchise for another 25 years.
The Energy Regulatory Commission (ERC) has issued a regulatory reset order, declaring that Manila Electric Co. (Meralco)’s fifth regulatory period will span 2025 to 2028, instead of the originally planned 2022 to 2026.
THE National Grid Corp. of the Philippines (NGCP) said on Monday that three transmission lines on Luzon were put out of operation by Typhoon Pepito, though two have since been restored and the third now partly operational.
THE PHILIPPINES has the strongest renewable energy (RE) project pipeline in Southeast Asia, according to a report, though banks’ appetite for financing gas and coal-fired projects remains strong.
The Department of Energy declared Bugallon Green Energy Corp.’s 25-megawatt direct current Bugallon Solar Power Project (BSPP) in Bugallon, Pangasinan as a project of national significance.
Energy Secretary Raphael Lotilla on Monday called on the distribution utilities (DUs), electric cooperatives (ECs), the National Electrification Administration (NEA) and the National Grid Corporation of the Philippines (NGCP) for a proactive and resilient approach to energy restoration following the series of tropical cyclones that struck the country in recent weeks.
ACEN Corp.’s subsidiary Giga Ace 8, Inc. plans to expand its solar farm in Palauig, Zambales to 420 megawatts-peak (MWp) from 346 MWp for P26 billion.