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Women power

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In line with a recent Grant Thornton study, which showed that Filipino women are getting more influential in boardroom, Ayala-led Bank of the Philippine Islands has brought onboard two more women to its board of directors. This makes five out of BPI’s 15 board members women—more than the comparative representation in the boardroom of other big banks in the country.

Posted: April 16th, 2014 in Headlines | Read More »

Solon pines for pre-Epira days in power generation

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Screengrab from Napocor website http://www.napocor.gov.ph/

The head the House committee on energy is yearning for the days before the government handed over to the private sector the keys to the power generation industry under the Electric Power Industry Reform Act (Epira) 12 years ago.

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

Sunwest earmarks P800M for projects

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Sunwest Water and Electric Co. Inc. (Suweco), led by Bicol-based businessman Elizaldy S. Co, is planning to spend about P800 million to put up four mini hydropower plants and a back-up bunker facility to serve the electricity requirements of Tablas Island in Romblon.

Posted: February 3rd, 2013 in Headlines | Read More »

Meralco power bills likely to go down with approval of PSA, POP program

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FILE PHOTO

Customers of power distributor Manila Electric Co. may expect their electricity rates to go down, after the Energy Regulatory Commission approved the utility’s new power supply agreements (PSAs) and its peak/off-peak (POP) program.

Posted: January 22nd, 2013 in Latest Business Stories | Read More »

Nuclear plant gets funds

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bataan nuclear

State-run National Power Corp. has secured lawmakers’ nod to allocate P50 million this year for the upkeep of the mothballed 630-megawatt Bataan Nuclear Power Plant (BNPP).

Posted: January 6th, 2013 in Latest Business Stories | Read More »

Audit confirms P122-M losses in PNOC firm’s 2009 coal deal

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PNOC-EC

The state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) registered losses of more than P122.4 million in an allegedly anomalous importation of almost 70,000 metric tons of Indonesian coal in 2009, according to an internal audit conducted by the energy firm.

Posted: September 22nd, 2012 in Latest Business Stories,Property Guide | Read More »

Power rate hikes seen as Napocor seeks recovery of subsidy funds

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napocor-logo

Power consumers will have to brace for further hikes in their electricity bills if the state-run National Power Corp. is allowed to recover money used as higher yearly subsidies worth a total of P87 billion between now and 2016.

Posted: July 3rd, 2012 in Latest Business Stories | Read More »

PSALM seeks to hike power rates in Luzon, Visayas

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State-run Power Sector Assets and Liabilities Management Corp. seeks to increase electricity rates in Luzon and the Visayas to recover from consumers P3.85 billion in foreign exchange related and fuel and purchased power costs.

Posted: June 8th, 2012 in Headlines | Read More »

Power rate hikes in May as Napocor jacks up generation charge

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Power consumers should brace for higher electricity rates starting May, after the state-run National Power Corp. was allowed by a regulator to jack up its generation charge in Luzon by 69.04 centavos per kilowatt-hour (kWh), Visayas by 60.60 centavos per kWh and Mindanao, by 4.42 centavos per kWh.

Posted: March 28th, 2012 in Latest Business Stories | Read More »

Napocor to pursue rehab of Mindanao hydropower dams to prevent shutdown

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The state-run National Power Corp. is pursuing the rehabilitation of one of the power facilities at the highly crucial 700-megawatt Agus hydropower complex in Mindanao to prevent an imminent shutdown of that unit, which could only further aggravate the power supply crunch on the island.

Posted: March 25th, 2012 in Latest Business Stories | Read More »

Napocor seeks P4B in additional subsidy

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State-run National Power Corp. (Napocor) is seeking to collect roughly P4 billion in additional subsidy to help fund its operations in off-grid, remote islands and ensure adequate supply of electricity.

Posted: March 12th, 2012 in Headlines | Read More »

Napocor gets go-signal to increase power rates

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State-run National Power Corp. (Napocor) has been allowed by a government regulator to increase its electricity rates in off-grid areas by P1.43 per kilowatt-hour (kWh) for every user, or P4.1 billion in sum, over the next four years, which will translate to heftier power bills for consumers in some areas next year.

Posted: December 25th, 2011 in Latest Business Stories | Read More »

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