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NGCP seeks gov’t OK for P663M project

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ngcp

National Grid Corp. of the Philippines (NGCP) is seeking the government’s approval for its P663-million substation expansion project in Parañaque City that will support the electricity needs of the 120-hectare Entertainment City locators and surrounding establishments.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

NGCP to start P13B transmission link

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Sy-led National Grid Corporation of the Philippines (NGCP), operator of the country’s transmission network, is set to build a P12.9-billion corridor connecting the provinces of Cebu, Negros and Panay.

Posted: July 19th, 2013 in Headlines | Read More »

Therma Marine Inc. to refund P14.25M to Zamboanga power coop

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Photo from aboitiz.com

The Aboitiz-led Therma Marine Inc. will refund P14.25 million to an electric cooperative in Zamboanga as soon as the Energy Regulatory Commission approves its proposed payment scheme.

Posted: April 3rd, 2013 in Latest Business Stories | Read More »

Biz Buzz: Game changer

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The flagship development at the Entertainment City complex of Philippine Amusement and Gaming Corp. is set to open on Saturday with all the glitz and glamor tycoon Enrique Razon Jr. is known for.

Posted: March 13th, 2013 in Headlines | Read More »

Jica tapped for cooperatives’ systems loss reduction project

NEA

State-run National Electrification Administration has tapped the Japan International Cooperation Agency (Jica) for a technical cooperation project, which is aimed at reducing systems losses and improving the operational efficiencies of electric cooperatives.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

P5.4B earmarked for NEA electrification program

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NEA

The Department of Energy has allocated P5.4 billion this year for projects that will provide electricity to all sitios (subvillages) and households, particularly those in far-flung areas in the country.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

NGCP moves to cut costs of ancillary services

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National Grid Corp. of the Philippines, operator of the country’s electricity superhighway, aims to bring down the cost of ancillary services by as much as 40 percent.

Posted: February 15th, 2013 in Headlines | Read More »

NGCP to collect P200M from power customers

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ngcp

The National Grid Corp. of the Philippines (NGCP) has secured the regulator’s nod to collect P212.5 million from power consumers in Luzon and Mindanao so that it can rehabilitate the transmission facilities damaged by typhoons and bombings.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

PSALM may no longer extend Meralco’s supply contract

psalm

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is no longer keen on extending by another four months its supply contract with power distributor Manila Electric Co. (Meralco).

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Meralco initiates tests on prepaid electricity scheme

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meralco-logo

Manila Electric Co. (Meralco), the country’s biggest power distributor, has finally begun its first leg of pilot tests covering an initial 100 households in Rizal, to look into the viability of a prepaid retail electricity scheme in the residential sector.

Posted: January 13th, 2013 in Latest Business Stories | Read More »

Meralco sees 7% sales growth

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meralco-logo

Manila Electric Co. (Meralco), the country’s biggest power distributor, expects its electricity sales to grow by 7 percent this year, faster than the 1 percent posted a year ago.

Posted: December 17th, 2012 in Latest Business Stories | Read More »

NGCP issuing P5B in fixed notes

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ngcp

National Grid Corp. of the Philippines, operator of the country’s electricity superhighway, is issuing P5 billion in fixed rate corporate notes to help fund its capital expenditure program.

Posted: November 21st, 2012 in Latest Business Stories | Read More »

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