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Aboitiz wants Naga plant turnover halted

The Aboitiz Group has asked government to halt the turnover of the 153.1-megawatt (MW) Naga power plant in Cebu province to SPC Power Corp. on Aug. 18.

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

EDC sees 28% rise in core profit

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The Energy Development Corp. (EDC) said its core profit in the first half of 2014 grew by almost a third year-on-year as the partial operation of the Bacon-Manito geothermal facility in Bicol region helped push energy sales.

Posted: August 14th, 2014 in Headlines | Read More »

Mindanao power supply to stabilize in 2019

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Mindanao power consumers will be assured of adequate power supply by 2019, when the grid’s system capacity is expected to hit more than 3,000 megawatts, the Philippine Chamber of Commerce and Industry (PCCI) said Tuesday.

Posted: August 6th, 2014 in Headlines | Read More »

First Gen’s Avion gas-fired plant ready by ’15

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First Gen Corp. (First Gen) said it is set to complete the $150-million, 97-megawatt Avion open cycle natural gas-fired power plant by summer next year, in time to add much-needed capacity to the Luzon grid.

Posted: August 6th, 2014 in Headlines | Read More »

PSALM: SPC Power takes over Naga plant

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The Power Sector Assets and Liabilities Management Corp. (PSALM) handed over ownership of the Naga power plant complex in Cebu province to SPC Power Corp., after it exercised its right to top the winning bid of the Aboitiz Group.

Posted: August 2nd, 2014 in Headlines | Read More »

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