The Energy Regulatory Commission (ERC) has allowed Manila Electric Company to recover from its customers P3.37 billion for spot market electricity purchases that were previously not allowed. The additional generation costs covering the period August 2006 to May 2007 will translate to an increase of P0.03 per kilowatt-hour in the utility’s rates, effective in the [...]
Archive for September, 2010
ERC Allows Meralco Cost Recovery (9/27/2010)
Posted in Manila Bulletin News, tagged Meralco, Power cost, WESM on September 27, 2010 | Leave a Comment »
SMC-PNOC Partnership Starts Coal Drilling (9/27/2010)
Posted in Manila Bulletin News, tagged Coal, Exploration, PNOC, San Miguel on September 27, 2010 | Leave a Comment »
Agusan Petroleum and Minerals Corporation, an affiliate of San Miguel Corporation, and its partner PNOC Exploration Corporation have started drilling at the Siay coal exploration project in Zamboanga Sibugay. PNOC Exploration said they have awarded the drilling contract to Construction and Drilling Specialists Inc. for a total meterage of 12,800 meters. It added that the [...]
Department of Energy chief sees more investments in power sector (9/27/2010)
Posted in Philippine Star News, tagged Electricity, Investments on September 27, 2010 | Leave a Comment »
More investments are coming into the country’s energy sector, according to Energy Secretary Jose Rene Almendras. Almendras is part of the delegation that joined President Aquino to his US visit. The energy chief confirmed that President Aquino was able to convince some US investors to invest into the country’s power sector. While declining to give details on the [...]
Energy Regulatory Commission okays P24-million loan to Siargao power co-op (9/27/2010)
Posted in Philippine Star News, tagged Electric cooperatives, Financing, NEA on September 27, 2010 | Leave a Comment »
The Energy Regulatory Commission (ERC) has approved National Electrification Administration’s P24-billion loan to Siaorgao Island’s power utility. ERC, in a decision, gave NEA the go signal to lend out the said amount to Siargao Island Electric Cooperative Inc. (Siarelco). “The loan to be secured by Siarelco from the NEA will redound to the benefit of its customers [...]
Petron jacks up budget for refinery upgrade (9/27/2010)
Posted in Inquirer News, tagged Investments, Oil refinery, Petron on September 27, 2010 | Leave a Comment »
Petron Corp., the country’s largest oil refiner and retailer, has increased to as much as $2 billion (about P88 billion) its planned investments in the upgrade of its 180,000-barrel-a-day refinery and petrochemical business in Bataan. Petron chair and CEO Ramon S. Ang recently told the Inquirer that the investment in the Refinery Master Plan (RMP) would enable [...]
National Grid plans P35.8-B projects for next five years (9/27/2010)
Posted in Business World News, tagged NGCP, Transmission on September 27, 2010 | Leave a Comment »
THE NATIONAL GRID Corporation of the Philippines, or NGCP, plans to undertake 36 projects worth P35.8 billion in 2011-2015, the firm said in a report submitted last week to the House of Representatives Committee on Energy. The update shows the list consists of 21 projects for Luzon, 11 for the Visayas and four in Mindanao. [...]
Aboitiz inks deal with San Fernando utility (9/27/2010)
Posted in Business World News, tagged Aboitiz, Clean energy, Power supply on September 27, 2010 | Leave a Comment »
LISTED ABOITIZ Power Corp. will be providing “clean energy” to the San Fernando Electric Light and Power Co. in Pampanga. In a statement, the company said it had signed a power supply agreement with the Pampanga utility to provide 70 to 90 megawatts (MW) of power from the Tiwi and MakBan geothermal plants. “Part of [...]
Aboitiz to bid on gov’t power plants (9/27/2010)
Posted in Business World News, tagged Aboitiz, IPPA, Privatization on September 27, 2010 | Leave a Comment »
Listed Aboitiz Power Corp. said it is still interested in bidding for the independent power producer administrator (IPPA) contracts of the remaining generation assets of the government. Aboitiz Power president and chief executive Erramon I. Aboitiz told reporters that the company is awaiting the go signal of the Power Sector Assets and Liabilities Management Corp. [...]
Climate Change Issue Poses More Challenges to Energy Regulators (9/23/2010)
Posted in Manila Bulletin News, tagged Climate change on September 23, 2010 | Leave a Comment »
Beyond ensuring fair and dynamic competition in electricity markets, energy regulators are expected to face more complex challenges as climate change concerns are factored into the equation. According to Sir John Mogg, president of the Council of European Energy Regulators (CEER), “the regulatory landscape will change as a result of the global challenge of climate [...]
GN Power to Set Up Wind Energy Project as Part of 2,700-MW Complex (9/23/2010)
Posted in Manila Bulletin News, tagged Generation, Investments, Renewable energy, Wind energy on September 23, 2010 | Leave a Comment »
GN Power Ltd. of the Netherlands is asking the Department of Energy for approval for its plans to put up a wind project in Bataan that could generate up to 300 megawatts of power. Energy Assistant Secretary Mario Marasigan said GN Power has a pending application for a wind project with the Energy Department but [...]
