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Power shortage feared amid PSALM cash woes

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psalm

Warning that the precarious power supply situation in the country could turn into an outright crisis if it loses funds due to a garnishment order by a local court, Power Sector Assets and Liabilities Management (PSALM) Corp. has warned partners against releasing the state firm’s receivables and bank deposits to any third party.

Posted: August 27th, 2014 in Headlines,Latest Business Stories | Read More »

Traders renew plea for gov’t to prepare for power crisis

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The Management Association of the Philippines (MAP) has again urged the government to be more aggressive in implementing measures to avert a looming power shortage of as much as 500 megawatts. FILE PHOTO

The Management Association of the Philippines (MAP) has again urged the government to be more aggressive in implementing measures to avert a looming power shortage of as much as 500 megawatts.

Posted: August 22nd, 2014 in Latest Business Stories | Read More »

Diesel-fed generator sets to deal with Mindanao power shortage urged

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Eddie Villanueva. INQUIRER FILE PHOTO

The government should shoulder the procurement cost of diesel-fed generator sets that the Department of Energy would use as a short-term solution to the Mindanao power crisis, senatorial candidate Eddie Villanueva said on Tuesday.

Posted: April 16th, 2013 in Latest Business Stories | Read More »

Power shortage looms anew in Mindanao

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A repeat of the power crisis in Mindanao in the summer months this year and in 2014 is very likely, according to the government think-tank Philippine Institute for Development Studies.

Posted: February 28th, 2013 in Editor's Pick,Headlines | Read More »

Luzon power shortage looms in 2015

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Energy Secretary Jose Rene D. Almendras

Energy Secretary Jose Rene D. Almendras has warned of possible power supply shortages in Luzon by 2015 if the proposed 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy) would be stalled.

Posted: June 19th, 2012 in Editor's Pick,Headlines | Read More »

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