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Energy execs insist on option to rent backup power

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Unable to rely solely on a program meant to ease load demand from Luzon’s power grid, the Department of Energy (DOE) wants to keep open the option of renting generation plants to cope with the anticipated power crisis in the summer of 2015.

Posted: October 22nd, 2014 in Headlines | Read More »

Oil prices extend gains in Asia

oil-prices

Oil prices rose in Asia Monday, lifted by a surge in equities following last week’s sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Foreign firms invest in $185-M geothermal project in Mindoro

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Foreign financing companies are investing in the $185-million geothermal facility of local renewable energy firm Emerging Power Inc. (EPI) in Oriental Mindoro.

Posted: October 20th, 2014 in Headlines | Read More »

Malaya rehab completion may miss deadline

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The overhaul of the aging Malaya coal-fired power plant may overshoot the timeline set during the contract bidding, Power Sector Assets and Liabilities Management (PSALM) Corp. said.

Posted: October 15th, 2014 in Headlines | Read More »

Worst case: 3 months of outages in 2015

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DOE Secretary Jericho Petilla. AP FILE PHOTO

Luzon may face up to 13 weeks of power outages in the summer of 2015, according to estimates of the Department of Energy (DOE).   In a report on various power supply and demand scenarios for the anticipated power crisis, DOE said there may be five to 13 weeks between March and June 2015 when […]

Posted: October 14th, 2014 in Editor's Pick,Headlines | Read More »

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