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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
The Energy Regulatory Commission has released the draft rules that will ensure the smooth implementation of the open access and retail competition scheme during the so-called “transition period.”
Manila Electric Co., the country’s biggest power distributor, is allocating as much as 1,600 megawatts for potential customers under the upcoming open access and retail competition regime.
