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Aquino: PH economy can lose up to P23.3B in daily, 5-hour brownouts for 3 months

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Wednesday warned that the economy could lose up to P23.3 billion in case of daily five-hour brownouts for three months next summer.

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

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 »

2 lawmakers want government takeover of ‘gensets’ to address power shortage

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Rufus Rodriguez. INQUIRER.net FILE PHOTO

Two Mindanao lawmakers wanted to invoke the Constitutional right of government to take over the generator sets of businesses to address the looming power crisis in 2015.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

Energy secretary urges big businesses to sacrifice profits

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DOE Secretary Jericho Petilla. AP FILE PHOTO

Energy Secretary Jericho Petilla appealed to big businesses to sacrifice profits and contribute to the energy reserve this coming summer when the country expects to experience power shortage.

Posted: September 12th, 2014 in Latest Business Stories | Read More »

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 »

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