Home Tags Victor Saulon

Tag: Victor Saulon

First Gen says power users to save P10B with PNOC gas...

LOPEZ-LED First Gen Corp. said its offer to buy the government’s banked gas at $3.48 per gigajoules could result in savings for electricity users of close to P0.60 per kilowatt-hour (kWh)or a total of around P10 billion for the period starting next month and early 2024, the year when the Malampaya gas-to-power contract ends.

Gasoline prices up for 6th week

GASOLINE PRICES will increase by P0.50 per liter (/L) this week, oil companies said, marking the sixth straight week that the cost of the petroleum product has risen.

Maynilad wins P5.73/cu.m. tariff hike

MAYNILAD Water Services, Inc. has obtained an increase of P5.73 per cubic meter (cu. m.) in water tariffs for Metro Manila’s west zone, which the company is offering to impose on a staggered basis.

SNAP set to finish floating solar power project by early 2019

SN Aboitiz Power (SNAP) expects to complete by early next year its pilot floating solar project on Magat dam in partnership with state-led National Irrigation Administration (NIA), its top official said.

House resolution seeks to block national franchise for solar firm

A RESOLUTION seeking to block a bill granting a franchise to Solar Para sa Bayan Corp. has been filed at the House of Representatives, with the resolution’s backers claiming that the franchise conflicts with the Electric Power Industry Reform Act (EPIRA).

5 foreign firms keen on EPC contract for Alsons’ coal-fired power...

THE ALCANTARA’S 105-megawatt (MW) coal-fired power plant in Zamboanga City has attracted proposals from five global companies, including three from China, that are keen to handle the engineering, procurement and construction (EPC) component of the project.

Foreign business chambers call for Cabinet-level water ‘czar’

FOREIGN BUSINESS chambers said the Philippines needs to designate a “water czar” with sufficient powers to bring stakeholders together in resolving the impending water crisis.

PNOC says will negotiate sale of its banked gas

PHILIPPINE National Oil Co. (PNOC) will be negotiating the sale of its banked gas amounting to 97.67 petajoules at a lower price than what it was willing to sell before.

PNOC scales down LNG project

PHILIPPINE National Oil Co. (PNOC) has scaled down its proposal to build a liquefied natural gas (LNG) facility in Batangas under a “solicited” process that allows the government corporation to set specifications for the $600-million project.

Fuel prices up P0.65/L this week

OIL COMPANIES are raising the prices of petroleum products this week by P0.65 per liter (/L) for gasoline, diesel and kerosene.

Biomass firm eyes FiT incentives for 3 projects

NEGROS ISLAND Biomass Holdings, Inc. has lined up three biomass projects on Negros island for inclusion in the government’s feed-in-tariff (FiT) program as the company aims for completion dates no later than end-2019, the extended deadline for developers to avail of the guaranteed rate for the energy they produce for 20 years.

NEA backs venture’s P2.5-B Zamcelco deal

STATE-LED National Electrification Administration (NEA) has backed the investor-manager contract (IMC) forged by Zamboanga City Electric Cooperative (Zamcelco) as it advised the board of the distribution utility to proceed with a meeting this week for its members to approve the P2.5-billion deal.

Villar breaks into Sy-led 10 richest Filipinos list

HENRY SY, Sr. remains the country’s wealthiest man for the 11th straight year in Forbes Asia’s “Philippines’ 50 Richest” list, which reflected the economy’s overall volatility as many registered shifts in wealth from 2017.

Electricity rates drop this month

MANILA ELECTRIC Co. (Meralco) announced on Thursday a decrease in electricity rates for September by P0.1458 per kilowatt-hour (kWh) in what the distribution utility described as a relief amid rising fuel and food prices.

Napocor sees multiple fund sources for Agus-Pulangi rehabilitation

THE National Power Corp. (Napocor) expects funding for the rehabilitation of the Agus-Pulangi hydroelectric power complex in Mindanao to come from multilateral lending agencies as well as China, its top official said.

First Gen still keen on buying PNOC’s banked gas

FIRST GEN Corp. is still on buying the Philippine National Oil Co.’s (PNOC) banked gas after the latter did not respond to its earlier offer.

Energy regulator to clarify rules on microgrids in cooperative franchise areas

THE Energy Regulatory Commission (ERC) said it will amend its draft rules on microgrids to include provisions that will clarify whether the private sector can enter areas within the franchises held by electric cooperatives.

Malampaya group, Energy dep’t ask SC to review CoA decision

SHELL Philippines Exploration BV (SPEx) and its consortium partners that developed the country’s only natural gas discovery, along with the Department of Energy (DoE), have asked the Supreme Court to review the state auditor’s finding that they owe the government billions of pesos in unpaid income tax.

Napocor can save up to P2.2B on hybridization, genset optimization

THE Department of Energy (DoE) said hybridization and optimization of power generation sets would save state-led National Power Corp. (Napocor) up to P2.25 billion yearly.

2 electric cooperative associations criticize Leviste’s planned microgrids

TWO of the country’s biggest associations for electric cooperatives have called on the franchise committee of the House of Representatives to think twice before allowing an entity led by Solar Philippines Power Project Holdings, Inc. to build minigrids in popular tourist destinations.

Hefty hike on fuel prices this week

OIL COMPANIES will implement a hefty price increase for all petroleum products this week, with diesel registering the biggest hike at P1.20/L.

Contract to build Iloilo dam project signed with South Korean company

THE National Irrigation Administration (NIA) on Monday signed a contract with a South Korean builder for the construction of a dam in Iloilo province worth P11.212 billion.

Joint venture wins bid to take over debt-saddled Zamcelco

THE JOINT VENTURE between Crown Investment Holdings, Inc. and Desco, Inc. won the right to manage and operate the ailing Zamboanga City Electric Cooperative, Inc. (Zamcelco) in a P2.5-billion bid to take over the city’s debt-ridden distribution utility.

LNG law being drafted ahead of Malampaya supply crunch

THE Energy department and the Senate energy committee will draft a law covering the natural gas industry in preparation for a “critical” period next year when an integrated liquefied natural gas (LNG) facility should have started construction in preparation for the depletion of the country’s sole domestic source of the fossil fuel.

3rd party ‘data package’ service provider sought in energy contracting program

THE Department of Energy (DoE) is seeking a third-party “data package” service provider ahead of its plan to bid out 14 pre-determined areas in the Philippines under what it calls a more transparent energy contracting program.

MWSS says no imminent water shortage

THE Metropolitan Waterworks and Sewerage System (MWSS) has downplayed fears of a water shortage expressed by a water concession holder, saying that no shortage is imminent.

State-led PNOC seeks partners for integrated LNG hub project

STATE-LED PHILIPPINE National Oil Co. (PNOC) is seeking partners to build an integrated liquefied natural gas (LNG) hub under new terms that defines the project under a “solicited” scheme, after the government agency failed to attract acceptable proponents.

Water shortage seen by 2021 without Laguna Lake project

MANILA WATER Co., Inc. has raised the alarm over a possible water shortage starting in 2021 if it fails to get approval for the construction of a new water source from Laguna Lake ahead of the target completion of the Kaliwa dam in Quezon province by 2023.

NGCP close to completing Ormoc-Babatngon line

NATIONAL GRID Corporation of the Philippines (NGCP) said on Wednesday it is close to completing the Ormoc-Babatngon 138-kilovolt (kV) line that is aimed at strengthening the transmission of electricity in the Visayas.

Solar Philippines eyes mini grids in 12 towns

TWELVE remote towns in the Philippines, including four municipalities in popular tourist destination Palawan, are the possible sites for mini grids to be developed by Solar Philippines Power Project Holdings, Inc.

Fuel products up this week

OIL COMPANIES are raising the prices of major petroleum products this week, with gasoline going on its third week of hike.

Absolut Distillers sets P1.3-B expansion plan

ABSOLUT Distillers, Inc. (ADI) announced a P1.3-billion expansion plan for the next two to three years covering investments in at least 10 megawatts (MW) of renewable energy and a capacity increase for bioethanol production.

Pilipinas Shell balks at Euro 2 revival, offers discount on diesel...

PILIPINAS Shell Petroleum Corp. has offered an additional discount on diesel fuel for public utility jeepneys (PUJs) in lieu of the re-introduction of the Euro 2 diesel, making the company the first of the three big oil firms to offer an alternative to the Energy department’s directive.

PNOC-EC sets new deadline for bids to supply Euro 4

PNOC EXPLORATION Corp. (PNOC-EC) plans to buy Euro 4 gas oil or diesel fuel from the seller’s point of origin in a move that has seen the state-led company setting a new deadline in its bid to import competitively priced petroleum products.

Energy dep’t seeking stakeholder comment on draft EPIRA IRR amendments

THE Department of Energy (DoE) is soliciting comment on draft amendments to the implementing rules and regulations (IRR) of the law that restructured the energy sector, which privatized power generation, transmission and distribution.

Draft circular addresses operations of embedded generators

THE Department of Energy (DoE) has drafted a circular covering embedded power generators and self-generating facilities, or entities that augment the supply of electricity in the power system.

DoE authorizes grid impact studies for 5 projects

THE Department of Energy (DoE) has authorized five power projects to conduct separate studies on their impact on the transmission grid, with the projects potentially adding 1,233 megawatts (MW) to the country’s capacity.

Meralco seeks to raise power generation cost

MANILA ELECTRIC CO. (Meralco) is asking the Energy Regulatory Commission (ERC) for provisional authority to adjust the price of electricity in its power supply agreement (PSA) with a plant in Pagbilao after the tax reform law raised the excise tax on coal.

Oil firms ordered to submit plans for Euro 2 revival

THE DEPARTMENT of Energy (DoE) has ordered oil companies to submit their implementation programs on its earlier call for them to sell the cheaper but dirtier Euro 2 diesel to ease the rising cost of fuel.

PSALM planning to rebid Manila property after last week’s failed auction

STATE-LED POWER SECTOR Assets and Liabilities Management Corp. (PSALM) will rebid a parcel of land in Manila where a thermal power plant used to stand after the agency failed to attract bidders.

APC’s Kalinga geothermal project to get perks

A UNIT OF APC Group, Inc. has secured the government’s certification for its geothermal development in Kalinga province as a project of national significance, giving it perks including speedy regulatory permitting, the holding firm said on Monday.

Rooftop solar could help reduce diesel, coal imports — report

ROOFTOP solar systems have the potential to lower electricity costs to P2.50 per kilowatt-hour (kWh) by displacing imported energy sources and bringing new investment of around P1.5 trillion by 2030, a research firm said.

Only gasoline up this week

THE MOVEMENT of oil prices will be mixed this week, with gasoline registering the only increase at P0.30 per liter (/L), oil companies advised on Monday.

Bank lending to power companies slows down

LENDING TO ENERGY generation companies has slowed down this year and is likely to remain that way for three to five years when power demand has expanded to take up the existing excess supply, a private banking official said.

Oil firms oppose shift to Euro 2 diesel

INDEPENDENT oil companies are opposing the directive of the Energy department to make Euro 2 diesel available at their fuel retail stations, saying the move would require “significant” spending for a problem of the government’s doing.