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Regulator adjusts caps on power generation

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The Energy Regulatory Commission (ERC) has approved the adjustments in the power generating capacity a single entity can own or acquire to protect consumers from a possible monopoly.

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

Galoc to remain in production beyond 2020

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Screengrab from http://www.ottoenergy.com

Galoc, the country’s only operating oil field, is expected to remain in production beyond 2020 despite a slight adjustment in its reserves, according to operator Otto Energy Ltd.

Posted: March 10th, 2014 in Latest Business Stories | Read More »

DOE orders use of Malaya plant to boost grid

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The Department of Energy has designated the 650-megawatt Malaya thermal power plant in Rizal as a “must-run” unit in the wholesale electricity spot market (WESM).

Posted: February 9th, 2014 in Headlines | Read More »

PSALM sets rebidding of 153-MW Naga plant

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State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is bidding out for the third time the 153.1-megawatt Naga Power plant in Cebu by the end of March.

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

DOE shores up power supply in Luzon

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The Department of Energy is determined to operate the Malaya thermal power plant in Rizal from March until August this year to help shore up supply in Luzon, which is expected to face “tight or thin” reserves during the summer months.

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

PSALM pushes bulk deals for geothermal power plants

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The Power Sector Assets and Liabilities Management (PSALM) Corp. will privatize the bulk energy contracts for the typhoon-ravaged Unified Leyte Geothermal Power Plant (ULGPP) in Leyte and Mt. Apo 1 and 2 geothermal power plants in Mindanao.

Posted: January 31st, 2014 in Headlines | Read More »

Global Power to expand capacity of Iloilo plant

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Global Business Power Corp. (GBPC) said it was expanding its 164-megawatt coal-fired plant in Iloilo in anticipation of an increase in power demand arising from the continued economic growth in the province.   A member of the GT Capital Group of Companies of taipan George Ty, Global Power owns Panay Energy Development Corp., which operates [...]

Posted: January 31st, 2014 in Headlines | Read More »

Another Malitbog power plant unit repaired, says EDC

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Another unit of the Malitbog Power Plant in Leyte province has been repaired, giving the facility additional generation capacity more than two months since Supertyphoon “Yolanda” ravaged Eastern Visayas and nearby areas.

Posted: January 17th, 2014 in Headlines | Read More »

First Gen ropes in Siemens for natural gas power project

First Gen Corp., through subsidiary First NatGas Power Corp., inked engineering and procurement as well as operations and maintenance deals with the Siemens group for the first of the three units of the $600-million San Gabriel combined cycle natural gas-fired power plant project.

Posted: December 17th, 2013 in Headlines | Read More »

Meralco PowerGen’s coal-fired plant expansion set in ’14

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Meralco PowerGen Corp. (MGen), the power generating arm of Manila Electric Co. (Meralco), will start late next year the expansion of the 460-megawatt coal-fired power plant in Mauban, Quezon province, which calls for the construction of a similar plant with the same capacity.

Posted: December 5th, 2013 in Headlines | Read More »

SPC unit bids highest for power barges

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SPC Power subsidiary SPC Island Power Corp. submitted the highest bid for the first package of power barges (PBs) put up for auction by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: October 31st, 2013 in Headlines | Read More »

SMC power unit planning to go public in 2014

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SMC Global Power Holdings Corp., a wholly owned unit of San Miguel Corp. that will take over the management of debt-saddled Albay Electric Cooperative (Aleco), may offer shares to the public next year after identifying a “cornerstone investor,” SMC president and COO Ramon S. Ang said Tuesday.

Posted: October 29th, 2013 in Headlines | Read More »

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