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Wednesday, September 25, 2024

Energy

Meralco: Power consumers to save P5b from 500-MW supply deals

Power retailer Manila Electric Co. (Meralco) is seeking the Energy Regulatory Commission’s approval for its power supply agreements (PSA) with San Miguel Corp.’s hydro arm San Roque Hydropower Inc. (SRHI) and ACEN Corp. unit Gigasol3 Inc. which it said would result in nearly P5 billion in savings to consumers. SRHI and Gigasol3 were declared the winning bidders during Meralco’s competitive selection process held early this year for the supply of...

SMC power unit planning to offer $100m in senior perpetual shares

The power arm of San Miguel Corp. said Tuesday its board approved...

Developers seek ‘correct’ price signals for next green energy auctions

Renewable energy developers asked the government to come out with the “correct...

Petron raises P16.8b from share sale on strong investor demand

Oil refiner Petron Corp. said Monday it raised P16.83 billion from its...

Alsons planning to launch ‘large-scale’ solar farm

Alsons Consolidated Resources of the Alcantara family will launch this year its...

PH asked to declare net zero commitment

The Net Zero Carbon Alliance (NZCA), a private sector-backed organization, asked the...

Meralco: Power consumers to save P5b from 500-MW supply deals

Power retailer Manila Electric Co. (Meralco) is seeking the Energy Regulatory Commission’s approval for its power supply agreements (PSA) with San Miguel Corp.’s hydro arm San Roque Hydropower Inc. (SRHI) and ACEN Corp. unit Gigasol3 Inc. which it said would result in nearly P5 billion in savings to consumers. SRHI and Gigasol3 were declared the winning bidders during Meralco’s competitive selection process held early this year for the supply of...

SMC power unit planning to offer $100m in senior perpetual shares

The power arm of San Miguel Corp. said Tuesday its board approved...

Developers seek ‘correct’ price signals for next green energy auctions

Renewable energy developers asked the government to come out with the “correct...

Petron raises P16.8b from share sale on strong investor demand

Oil refiner Petron Corp. said Monday it raised P16.83 billion from its...

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Meralco eyes electric coops to reach more provinces

Power retailer Manila Electric Co. (Meralco) plans to expand its distribution network through electric cooperatives, a top executive said Thursday. “There is one last idea...

First Gen, CENECO sign 20-MW supply contract

First Gen Corp. said Thursday it signed a contract with Central Negros Electric Cooperative for 20 megawatts of baseload supply. The signing concluded CENECO’s competitive...

IEMOP reports lower prices at spot market

The Independent Electricity Market Operator of the Philippines which runs the Wholesale Electricity Spot Market (WESM) said Tuesday electricity prices in Luzon declined in...

DOE prepares road map for energy storage systems

The Department of Energy plans to come out with a roadmap for energy storage systems (ESS), including pumped storage hydro (PSH) to help accelerate...

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