Manila Electric Co., the country’s biggest power distributor, plans to invest P1.16 billion put up a new substation that will ensure adequate and reliable supply of power for the 120-hectare Entertainment City.
State-run National Power Corp. said it has started to strictly enforce key measures that would ensure the stability of water supply for the operation of the Agus and Pulangui hydropower complexes in Mindanao.
Energy Secretary Carlos Jericho L. Petilla is pushing for the immediate rollout of funds for the establishment of the Interim Mindanao Energy Market (IMEM), eyed as a measure that will help ease the worsening power supply situation in Mindanao.
The Philippine Electricity Market Corp. will set aside P55 million to set up the Interim Mindanao Energy Market (IMEM), which is aimed at easing the 200-megawatt power supply crunch in Mindanao during the coming summer months.
THE DEPARTMENT of Energy expects a stable power supply situation in Luzon in the next two to three years as eight critical power projects are expected to generate 860 megawatts in new capacities between now and 2015.
SN Aboitiz Power Group (SNAP) is looking to further expand its power generation portfolio with plans to put up five more hydropower facilities and bid for government-managed contracted capacities. In a recent briefing, SNAP president and chief executive officer Emmanuel V. Rubio disclosed that SNAP had pending applications before the Department of Energy for five [...]
State-owned National Power Corp. (Napocor) said it would need as much as P18 billion in subsidies for 2013, mostly to fund the operations of its small power utilities group (SPUG) to ensure stable power supply in the so-called “off-grid” areas.
The Department of Energy has set aside P200 million to provide electricity in the Autonomous Region in Muslim Mindanao (ARMM), as part of the government’s efforts to beef up its development initiatives in the region.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has restructured 50 power supply contracts worth about P14 billion, as it aggressively moves to improve the collection of receivables from outstanding accounts and delinquent customers.
To help secure adequate power supply in Luzon, the SN Aboitiz Power (SNAP) Group will push through with its planned expansion of the existing 360-megawatt Magat hydroelectric power facility in Isabela to increase its capacity by another 115 MW.
Mindanao will have to endure power supply shortages over the next few days until state-run National Power Corp. is able to restore operations of the Agus 6 and Agus 7 hydroelectric power plants.
State-run National Power Corp. will be getting an additional P6.3 billion in subsidy to ensure stable power supply for its Small Power Utilities Group (SPUG), which operates in far-flung off-grid areas.
