THE Lopez group said it is keen to expand its geothermal investments abroad this year to avoid breaching the generation capacity cap prescribed by the Electric Power Industry Reform Act (EPIRA). Oscar Lopez, First Philippine Holdings Corp. chairman, told reporters that the company is looking at expanding its geothermal business to Chile and Indonesia. “We [...]
Archive for May, 2010
Lopezes eye geothermal business expansion abroad (5/31/2010)
Posted in Manila Times News, tagged First Gen, Generation on May 31, 2010 | Leave a Comment »
More oil firms cut pump prices (5/31/2010)
Posted in Philippine Star News, tagged Oil prices, Oil tariff on May 31, 2010 | Leave a Comment »
Pilipinas Shell and Unioil Petroleum Philippines reduced yesterday the pump prices of premium and unleaded gasoline, diesel and kerosene by 50 centavos per liter. Shell also reduced the price of regular gasoline by P1 per liter. The rollback took effect at noon yesterday. Petron Corp., Chevron Philippines Inc., and Phoenix Petroleum Philippines earlier had rolled [...]
Meralco switches to diversification, expansion mode (5/31/2010)
Posted in Inquirer News, tagged Meralco on May 31, 2010 | Leave a Comment »
Manila Electric Co., the country’s biggest power distributor, has begun exploring other energy-related businesses to ensure continuous supply and reduce the price of electricity for its customers. According to Meralco chair Manuel M. Lopez, the distribution utility’s involvement in real estate development, retail electricity services, fiber optic operation, construction, information and telecommunications technology will further [...]
Petron seeks new partner (5/31/2010)
Posted in Inquirer News, tagged Coal, Generation, Petron on May 31, 2010 | Leave a Comment »
70-MW coal-fed facility in Bataan Petron Corp. is planning to bring in a different partner for the construction of a 70-megawatt coal-fired power plant at its refinery in Bataan. Petron president Eric O. Recto said the company was in talks with other parties to replace its original partner, San Miguel Energy Corp. Earlier this month, [...]
SMC to acquire more coal mines in Luzon (5/31/2010)
Posted in Inquirer News, tagged Coal, Generation, San Miguel on May 31, 2010 | Leave a Comment »
After acquiring three coal mines in Mindanao, diversifying conglomerate San Miguel Corp. is already eyeing other prospective sites in Luzon in an aggressive bid to strengthen its presence in the power generation industry. According to San Miguel president Ramon S. Ang, the company is looking at several provinces in the island, including Bataan. “If there [...]
Gov’t expects to save P2 billion through energy conservation (5/31/2010)
Posted in Business World News, tagged Energy conservation on May 31, 2010 | Leave a Comment »
Savings of government offices applying energy conservation measures could total P2 billion between 2005 and the end of this year, said Energy Assistant Secretary Mario C. Marasigan, who was here on Wednesday last week to check on the program’s accomplishments in the Davao Region. He said in an interview that the program’s savings had reached [...]
State power firms to end default bulk supply deals (5/31/2010)
Posted in Business World News, tagged NPC, Power supply, PSALM, WESM on May 31, 2010 | Leave a Comment »
THE NATIONAL Power Corp. (Napocor) and power plants managed by state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) will no longer be the default supplier of electricity to power distribution utilities and cooperatives under an order by the Department of Energy (DoE). Department Circular No. DC 2010-05-0006, which is set to take effect after [...]
Subsidies sustain prepaid power program (5/28/2010)
Posted in Manila Bulletin News, tagged Prepaid meters on May 28, 2010 | Leave a Comment »
In South Africa’s experience The billions worth of rand-subsidies poured by government did the trick in sustaining the prepaid electricity program which this country pioneered in the past two decades – and it now spawns key lessons that must be heeded or avoided by other power markets eyeing to follow that policy direction, including the [...]
High power bills to stay in Mindanao (5/28/2010)
Posted in Inquirer News, tagged Mindanao, NGCP, Power cost on May 28, 2010 | Leave a Comment »
DAVAO CITY, Philippines – Mindanao power consumers should brace for higher electricity bills until August because mixed power generation would probably last until then, a power executive said Wednesday. Rodger Velasco, vice president for engineering of the Davao Light and Power Company (DLPC), said the use of mixed generation would continue because the water supply [...]
RP coal production seen to rise by 50% this year (5/28/2010)
Posted in Inquirer News, tagged Coal, Generation on May 28, 2010 | Leave a Comment »
DESPITE being tagged as “dirty fuel,” the country’s coal production is expected to rise by 50 percent to 9.47 million metric tons (MMMT) by 2015 compared with this year, due to a growing demand for the commodity as fuel for power generation, according to the Department of Energy. Jesus Tamang, director for the DoE energy [...]
